Vinhomes plans to build infrastructure for the new Phuoc Vinh Tay urban area, with a total investment of over VND 80 trillion, starting in 2026 and completing by the end of 2030.
This information was disclosed by the project's investors - a joint venture between Vinhomes and VIG - in an environmental impact assessment (EIA) report currently under consultation.
The project covers approximately 1,090 hectares in Phuoc Vinh Tay Commune, Can Giuoc District, Long An Province. According to the master plan, the urban area will consist of 7,050 townhouses, nearly 8,200 villas, 13,440 social housing units, and 2,370 low-rise resettlement homes. The estimated population is around 90,000 residents.
The total investment for the project is approximately VND 80.079 trillion (over $3 billion). According to the EIA report, land clearance and compensation are expected to be completed by the end of this year. From Q1 2026 to Q4 2027, the project will focus on infrastructure development and resettlement arrangements. The entire urban area is expected to be completed by the end of 2030.
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Can Giuoc is planned to become a key urban hub in the southern economic region, helping to ease population pressure on Ho Chi Minh City. It also serves as a major gateway connecting the southern and southeastern parts of Ho Chi Minh City, home to several industrial zones.
In Long An, Vinhomes is also developing the Duc Hoa - Hau Nghia urban area, covering nearly 200 hectares with a total investment of over VND 28 trillion. The project is located in Hau Nghia Town, Duc Lap Thuong, and Tan My Communes, Duc Hoa District, and was approved for investment in October 2023.
According to Cushman & Wakefield Vietnam executives, with the increasing presence of major real estate developers and large-scale urban projects, the Long An market is evolving in a more professional direction. Over the next 5-10 years, the province could compete with Ho Chi Minh City, Dong Nai, Ba Ria-Vung Tau, and Binh Duong.
At an event late last year, Vinhomes’ Investment Director revealed that the company plans to release a large supply of properties this year, focusing on suburban areas around Ho Chi Minh City, such as Long An and Can Gio.
Last year, Vinhomes recorded total consolidated revenue (including revenue from business activities and partnerships) of VND 141.812 trillion, up 13% from 2023. Net profit after tax reached VND 35.052 trillion, equivalent to $1.4 billion, a 4.5% increase.