$18 billion Vinhomes Green Paradise coastal urban megaproject kicks off

Vingroup, the largest private company officially broke ground on the Vinhomes Green Paradise coastal urban tourism project in Long Hoa commune and Can Thanh town, Can Gio district, Ho Chi Minh City on April 19.

The groundbreaking ceremony was part of a nationwide initiative marking the 50^th anniversary of the Liberation of the South and National Reunification (April 30, 1975), with 80 key projects launched simultaneously across the country, totalling VND450 trillion ($18 billion) in investment. These projects are expected to serve as key drivers of Vietnam’s development in a new era.

Deputy Prime Minister Nguyen Chi Dung and Vingroup chairman Pham Nhat Vuong attended the ceremony. Photo Le Toan

Speaking at the event, Duong Ngoc Hai, Standing Vice Chairman of Ho Chi Minh City People's Committee, emphasised the strategic significance of the project for the city’s future.

“Ho Chi Minh City is entering a new phase of development that requires innovative approaches to urban space, economic models, and quality of life. Coastal ecological urban development has been identified as a breakthrough direction aligned with the Central Party's Resolution No. 36-NQ/TW on sustainable marine economic development through 2030, with a vision to 2045,” Hai said.

Vinhomes Green Paradise coastal urban tourism project in Long Hoa commune and Can Thanh town, Can Gio district, was kicked off on April 19. Photo Le Toan

According to the developer, the Vinhomes Green Paradise project will span 2,870 hectares and accommodate a population of up to 230,000 people.

It is being developed under the environmental, social, and governance (ESG) model, considered one of the most progressive urban frameworks globally.

As part of this vision, Vingroup plans to invest in an offshore wind power system located 10km from the shore to provide clean energy for the entire megacity, paving the way for a green future for the region.

The project will feature a range of world-class developments, including the “Blue Waves Theatre” designed by renowned architecture firm Gensler, the world’s largest artificial lagoon – Paradise Lagoon (443ha), the 5-star international yacht port Landmark Harbour, luxury hotels, and two 18-hole golf courses designed by golf legends Tiger Woods (West - Sunset) and Robert Trent Jones II (East - Sunrise).

A 122-ha entertainment-tourism complex will include a Safari park, a theme park modelled after Disneyland and Universal Studios, and a 30,000 square metre indoor winter wonderland – one of the top 5 in the world – featuring skating rinks, snow zones, zip lines, and more.

Vinhomes Green Paradise is also set to become a regional financial and economic centre, with over two million sq.m of commercial, office, and hotel space and a full suite of international-standard amenities.

At its heart will be a 108-story tower, ranked among the top 10 tallest buildings in the world, featuring premium office space, luxury hotels, upscale residences, and a vibrant commercial podium.

The project will also include luxury villas, high-end apartment complexes, a modern shopping centre, Michelin-starred restaurants, and world-class healthcare and education facilities.

Notably, the Vinmec Can Gio medical centre will partner with Cleveland Clinic, one of the top-ranked non-profit academic medical centres in the world. The site will also be home to Vinschool and other prestigious educational brands.

Nguyen Viet Quang, vice chairman and CEO of Vingroup, stated that urban development in Can Gio must break away from outdated models.

“We must pursue a new approach that harmonises modernity with nature, enhancing the quality of life for residents. With that vision, we aspire to build Vinhomes Green Paradise into a global ESG benchmark, proudly representing Vietnam’s leadership in sustainable development on the world stage,” Quang said.

Vinhomes Green Paradise is developed with $18 billion investment capital and spans over 2,870 hectares. Photo Le Toan

Bich Ngoc

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