Vingroup plans to invest more than 14 billion USD in port and logistics area in Hai Phong

Vingroup Corporation - Joint Stock Company (stock code: VIC) has just issued a Resolution of the Board of Directors approving the investment policy for the Nam Do Son Port and Logistics Center project.

Accordingly, the project will be implemented in the Southern Coastal Economic Zone of Hai Phong, located in Kien Hai commune and Nam Do Son ward, Hai Phong city.

The project has a total land, water surface, and ground area of 4,394.5 hectares. Of which, the proposed direct investment area is 4,319.1 hectares, including: Port area, water area in front of the port, logistics center area after the port, and the area of the main connecting road used from the end of the road after the state-invested port to the end of the project boundary.

This project is divided into 3 phases, including: phase 1 is 2026-2030, phase 2 is 2031-2035, phase 3 is 2036-2040.

The total investment is expected to be about VND373,841 billion for the three phases (equivalent to about USD14.28 billion at the current exchange rate). Of which, phase 1 is expected to invest VND29,108 billion, phase 2 is expected to be VND206,272 billion and phase 3 is VND138,461 billion.

The company said the expected capital contribution is 15% of the total investment and the mobilized capital is expected to be 85% of the total investment. The project's operating period is 70 years.

Seaport area in Hai Phong (Photo: IT).

Vingroup's Board of Directors also assigns the group's general director or a person legally authorized by the general director to implement and decide all matters under the responsibility of the project investor, carry out legal procedures to request investment approval and related approvals to deploy investment and implement the project.

This person is also assigned to decide on the selection of qualified contractors and suppliers to sign contracts during the project investment implementation process as well as other related implementation work.

Source: https://dantri.com.vn/kinh-doanh/vingroup-du-dinh-dau-tu-khu-ben-cang-logistics-hon-14-ty-usd-tai-hai-phong-20250804105319337.htm