Vingroup’s real estate subsidiary Vinhomes recently sent the proposal on the project to provincial authorities.
Under the recommendation, the complex would cover 2,000 hectares at Vung Ang Economic Zone, including a VinFast auto factory and facilities to make auto parts and hi-tech audio-visual equipment.
Vingroup wants to build a car plant at Vung Ang Economic Zone
The project will include the construction of a port and logistics infrastructure for serving the auto plant as well as a hotel and some tourism services.
Of the total area of 2,000 hectares, around 500 hectares would be ocean water.
The first phase of the project would be conducted in two parts after the construction license is issued. The second phase will be started after the first phase is put into operation for 3-5 years.
Vingroup has pledged to speed up the project pace once approved.
Vingroup has implemented several projects in Ha Tinh provinces such as Vincom Plaza Ha Tinh, Vinpearl City Hotel Ha Tinh and Vinhomes New Centre.