Vingroup invests 9,500 billion VND in Ha Tinh industrial park project

Vingroup has announced a capital increase of 9,500 billion VND for Vinhomes Ha Tinh Industrial Park Investment JSC. This subsidiary, which is 100% owned by Vingroup, is the developer of the Vinhomes Vung Ang Industrial Park project in Ha Tinh province.

The industrial park project covers approximately 965 hectares within the Vung Ang Economic Zone. The additional 9,500 billion VND will be contributed in cash from private sources, representing roughly 72% of the project's total estimated investment of over 13,276 billion VND. This new capital injection is nearly 4.8 times the original investor contribution recorded in the 2024 investment approval.

The project is scheduled to be implemented and completed by the fourth quarter of 2030. This move aligns with Vingroup's ongoing expansion into the industrial real estate sector, which the group has been developing since 2020, including potential projects in Hai Phong.