Vingroup's Ha Long Xanh urban complex (Vinhomes Global Gate Ha Long) in Quang Ninh broke ground on December 19, 2025, with total investment of about VND 456,639 billion (nearly $18 billion), the largest project in the company's history. The construction site employed about 12,799 workers in the first quarter of 2026 and 12,155 in the second quarter, with fuel and oil costs averaging around VND 10 billion per day. The project is recruiting more than 6,000 additional workers, including over 4,000 dump truck drivers, and expects to need about 50,000 workers and engineers over the long term. Some first phases target commercial operation from 2028 across more than 6,200 hectares along the Hanoi-Hai Phong-Quang Ninh expressway corridor. Vingroup is also building a 350 km/h high-speed rail line from Hanoi to Ha Long, which the article describes as a source of value synergy for the project.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Siêu dự án 18 tỷ USD lớn nhất lịch sử của Vingroup: Hơn 12.000 lao động, 10 tỷ đồng tiền xăng, dầu mỗi ngày
Keywords
VICreal estateVietnamfuel prices
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VIC
▲ Likely positiveVinGroup
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 1,826,329 bn VND |
| P/E | 85.7 |
| P/B | 10.68 |
| Close on 10/26/2026 | 237.00 |
| Change that session | +0.21% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- VN-Index gains over 68 points last week, with VIC contributing nearly 37 points
In the week of 19–23/10, the VN-Index recovered nearly 4%, or over 68 points, mainly because the last three sessions lifted the index from around 1,690 points to above 1,774 points. VIC was the biggest driver, contributing about 36.7 points as its share price rose from 215,000 dong to 236,500 dong and hit the ceiling price on 21/10; VHM and VPL added 6.2 and 2.8 points. Most sectors gained, led by real estate at 7.6%, while health care fell 0.4% and information technology dropped 1.23%. The HNX-Index also rose about 1.4%, or 3.6 points, closing at 262.7, with NVB contributing the most at 1.3 points.
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Mega project of billionaire Phạm Nhật Vượng in Quảng Ninh needs 50,000 workers, wages up to 26 million VND a month
The Hạ Long Xanh urban complex (Vinhomes Global Gate Hạ Long), a project of Vingroup and Vinhomes, currently employs more than 12,000 workers, mainly construction workers, engineers and technicians, and plans to recruit about 50,000 workers and engineers in later stages. According to Quảng Ninh's statistics office, it used about 12,155 workers in Q2 2026 and spends roughly 10 billion VND on fuel and oil each day. Wages range from 14–26 million VND a month for workers, 15–22 million VND for drivers and over 40 million VND for construction team leaders, with free accommodation and meals and vocational training for unskilled staff. Total investment has been adjusted up to about 456,639 billion VND (nearly 18 billion USD), with groundbreaking on December 19, 2025 and some facilities expected to open from 2028. The project covers over 6,200 hectares along the Hanoi–Haiphong–Quảng Ninh expressway corridor.
- Vingroup Woos Suppliers: 50% Land Rent Cut in First 3 Years, Shared Logistics Infrastructure and Stable Offtake Commitments
At a October 16 conference attended by nearly 1,000 enterprises, Vingroup and VinFast announced supplier incentives: a 50% land rent discount for the first 3 years and 30% for the following 5 years for partners building factories in Vinhomes and VinFast industrial parks, plus shared logistics infrastructure and deep-water ports. To ensure stable offtake, Vingroup will disclose production plans, provide rolling 12 to 24 month volume forecasts and sign long-term framework agreements. Suppliers will also receive technical support, quality management upgrades, sample testing, and introductions to foreign partners for cooperation or technology transfer. Vingroup also said suppliers may get opportunities to supply VinFast plants in India and Indonesia.
- Vingroup, VinFast Roll Out Unprecedented Incentives for Suppliers in the Group's Supply Chain
At the 2026 Conference on Enhancing Localization and Developing the Supplier System, attended by nearly 1,000 businesses, Vingroup unveiled special support policies for suppliers. Partners locating factories in Vinhomes and VinFast industrial parks will get a 50% land rent discount for the first three years and 30% for the following five, plus access to shared logistics and deep-water port infrastructure. Vingroup pledges stable demand by publishing production plans, providing rolling 12–24 month output forecasts and signing long-term framework agreements. Suppliers will also receive technical support, quality management upgrades, introductions to foreign partners, and opportunities to supply VinFast plants in India and Indonesia.
Related markets
Latest news
- From Bank to Experience Creator: “Leave the Big Shows to VPBank”
VPBank is acting as local promoter, alongside AEG Presents Asia and Carpa and in partnership with YG Entertainment, to bring the BIGBANG 2026–2027 World Tour to Hanoi, with two nights at Mỹ Đình drawing nearly 90,000 fans. The article describes this as VPBank's fourth consecutive major entertainment partnership, following two 2025 G-Dragon events and the T1 esports event featuring Faker, and notes its earlier backing of acts such as Richard Clayderman, Kenny G, Westlife and K-pop festivals over more than a decade. It presents this as part of a long-term strategy to build emotional connections with customers, in line with VPBank's “For a Prosperous Vietnam” positioning, and as a way to raise Vietnam's profile on the international entertainment map.
- Microsoft (MSFT) Q3 earnings report preview: what to look for
Microsoft (NASDAQ: MSFT) will report earnings after the market closes this Wednesday. Last quarter, the company's revenue reached $90.01 billion, up 17.7% year on year and above analysts' revenue estimates. This quarter, the market expects revenue growth of 16.7% year on year, slowing from the 18.4% rise in the same quarter last year. Analysts covering the stock have generally reaffirmed their estimates over the past 30 days, and Microsoft has a history of exceeding Wall Street's expectations.
- Empire Metals, Central Asian Metals, Atlantic Lithium, S&U, Pantheon International
Empire Metals will start pilot-scale testing at its Pitfield titanium project in Western Australia within weeks, working toward a scoping study in the first quarter of 2027. Central Asia Metals completed its all-share acquisition of Cygnus Metals, adding the Chibougamau copper-gold project in Québec to its portfolio. Atlantic Lithium has set its first court hearing for November 5 on Huayou's proposed $210 million takeover, which has now secured Australian foreign investment approval. S&U has secured two new securitisation facilities worth up to £600 million. Pantheon International said its net asset value per share rose 2.2% in September to 546.3p and that it spent £36.1 million on share buybacks.
- KIM LONG MOTOR Cooperates with Costa Rican Partner, Opening Doors for Vietnamese Vehicles in Central America
On 27 October in Hue City, KIM LONG MOTOR Hue signed a memorandum of understanding (MOU) with Cooperativa Autogestionaria Vertex R.L (VERTEX R.L) to bring KIM LONG's commercial vehicles into Costa Rica and Central America. VERTEX R.L., which distributes transport vehicles in Costa Rica and is building an EV charging network, will study the market and look for business opportunities, while KIM LONG will provide technical specifications, product documents and commercial price information. The two sides will continue negotiating the appointment of VERTEX R.L. as distributor in territories to be agreed later.
- Session of 27/10: Foreign Investors Pour Nearly 200 Billion VND Into One Bank Stock, Unusual Buying of One Ticker on UPCoM
On the 27/10 session, VN-Index dipped nearly 2 points to 1,762 points amid low liquidity, with matched value on HoSE at about 10,334 billion VND. Foreign investors net sold 319 billion VND across the market, including about 442 billion VND on HoSE and 8 billion VND on HNX, while net buying over 131 billion VND on UPCoM. On HoSE, TCB drew the largest foreign net buying at about 197 billion VND, while ACB saw the heaviest net selling at about 177 billion VND. On UPCoM, VNZ of VNG Corporation was net bought about 171 billion VND, well ahead of other tickers.
- A Major Surprise at Sacombank
Sacombank (STB) became the fifth private bank to surpass 1 million billion VND in total assets, reaching about 1.057 million billion VND as of 30/9/2026. Third-quarter pre-tax profit fell 52% to 1,757 billion VND, mainly because credit risk provisioning expenses surged to 5,729 billion VND, about 5.5 times the year-earlier level, while net interest income dropped 33.6%. Net service income rose sharply to 4,255 billion VND, partly offsetting that decline. Bad debt rose to 51,367 billion VND, or about 7.33% of total outstanding loans, up from about 6.41% at the start of the year. For the first nine months, after-tax profit reached 4,278 billion VND, down about 50.8%.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.