Vietnam Launches Ambitious USD 8.4 Billion Wonder City Project in Can Gio

• 24 April 2025
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Vingroup, a prominent Vietnamese conglomerate, has officially broken ground on a groundbreaking modern tourist development titled Vinhomes Green Paradise in Can Gio, a coastal area located about 50 kilometers southeast of Ho Chi Minh City. The project, which represents an investment of over 217.05 trillion VND (approximately USD 8.44 billion), aims to create a world-class urban area while adhering to Environment-Social-Governance (ESG) standards.

Spread across a sprawling 2,870 hectares, Vinhomes Green Paradise is envisioned as a harmony of people, nature, and technology, set to accommodate around 230,000 residents. The development aims to serve as a model for sustainability and ecological urban living on a global scale.

At the groundbreaking ceremony, Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, emphasized a fresh approach to urban development in Can Gio, highlighting the need to balance growth with environmental conservation. “Our goal is to establish Vinhomes Green Paradise as a world-leading ESG urban area that reflects Vietnam’s commitment to sustainable development,” he stated.

One of the project’s key features is the planned connection to Ho Chi Minh City via a high-speed railway, allowing for a maximum speed of 250 kilometers per hour. This transport link is expected to enhance regional connectivity and economic growth.

The Vinhomes Green Paradise project will include a wealth of attractions and facilities, featuring the largest theater in Southeast Asia, a five-star international port capable of hosting luxury cruise ships, and two golf courses designed by renowned figures in the sport. Additionally, a 122-hectare resort will offer a Disneyland-style theme park, a safari, and a unique winter-themed attraction, positioning Can Gio as a premier tourism destination.

In line with its vision to become a financial and economic hub, the development will also provide over 2 million square meters of office, commercial, and hotel space, complemented by a mix of luxury residences and dining options, including a Michelin-starred restaurant.

The healthcare sector will also benefit from the presence of the Cleveland Clinic, which will aid in establishing Can Gio as a healthcare tourism destination through support in consulting, recruitment, and staff training.

With a focus on education, Vinhomes Green Paradise will offer a high-caliber Vinschool system, catering to both local and international students.

As part of a broader initiative, the Ho Chi Minh City Administration has outlined plans for the future of Can Gio District, designated to evolve into an ecological urban area with a vibrant marine economy, including a shipping port, free trade zone, and renewable energy projects. A key component of this vision is the proposed Can Gio International Transit Port, which carries an investment estimate of around $6 billion.

With the launch of Vinhomes Green Paradise, Vietnam is poised to redefine urban living in the region and enhance its standing on the global stage as a pioneer of sustainable urban development.

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