Vingroup (stock code: VIC), one of Vietnam’s largest private conglomerates, has officially announced a strategic move into the logistics and port infrastructure sector with a massive new project: the Nam Do Son Port and Logistics Center in Hai Phong. With a total estimated investment of VND 373.841 trillion (approximately USD 15 billion), this is set to be one of the largest logistics infrastructure projects in Vietnam to date.
The Nam Do Son project is located within the Southern Coastal Economic Zone of Hai Phong City, specifically in Kien Hai commune and Nam Do Son ward. The planned land and water area spans 4,394.5 hectares, with 4,319.1 hectares earmarked for direct investment. The project will encompass port terminals, berthing areas, a post-port logistics center, and a main traffic axis connecting to existing infrastructure.
This integrated ecosystem is expected to significantly enhance cargo handling capacity, promote import-export activities, and position Hai Phong as a central logistics hub in northern Vietnam.
The project will be implemented in three phases:
Phase 1 (2026–2030): Estimated investment of VND 29.108 trillion
Phase 2 (2031–2035): Estimated investment of VND 206.272 trillion
Phase 3 (2036–2040): Estimated investment of VND 138.461 trillion
Vingroup is expected to contribute 15% of the total investment, or roughly VND 56.076 trillion, while the remaining 85% will be raised through external funding sources such as bonds, bank loans, or public-private partnerships (PPP).
The project has been granted a 70-year operating period, underlining Vingroup’s long-term commitment to sustainable infrastructure development and the group’s strategic vision to diversify into key national economic sectors.
Vingroup’s ambitious entry into the port and logistics sector highlights the tremendous growth potential of this industry, especially as Vietnam deepens its integration into global trade networks and supply chains.
By boosting cargo throughput and providing a central node for goods transit in the Asia-Pacific region, the Nam Do Son project is poised to enhance Vietnam’s competitiveness—particularly in export manufacturing, e-commerce logistics, and industrial trade.
Conclusion:
With an estimated investment of nearly VND 374 trillion, the Nam Do Son super port and logistics center marks a pivotal move for both Vingroup and Vietnam’s infrastructure landscape. As global logistics demands surge, the development of large-scale, modern logistics hubs will be crucial for ensuring sustainable economic growth and global supply chain resilience.
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