On August 2, Vingroup announced its investment decision for the Port and Logistics Center Project in Haiphong with a total estimated capital of VND 373.841 trillion (approximately USD 14.28 billion). The project will be implemented in the southern coastal economic zone of Haiphong, covering a total area of 4,394.5 hectares, which includes the port area, logistics center, and connecting roads. The investment will be carried out in three phases: Phase 1 from 2026 to 2030 with VND 29.108 trillion, Phase 2 from 2031 to 2035 with VND 206.272 trillion, and Phase 3 from 2036 to 2040 with VND 138.461 trillion. Vingroup is expected to contribute 15% of the total investment, while the remaining 85% will be raised from other sources. The project’s operational duration is set for 70 years.
Leave a Reply