On August 19, Vingroup Corporation officially started construction of the new urban area in the Northwest of Bac Ninh (area 8) - a project with a total investment of more than 1 billion VND, expected to become a symbol of new urban development in the "industrial capital" of the North.
The project is located in Kinh Bac ward, with a scale of about 277 hectares, with one side bordering Cau river. According to the plan, this will be a modern, synchronous urban area with a 7-year implementation period, expected to be completed and operational in 2032.
Of the total area, about 60 hectares are reserved for housing with nearly 3.500 villas, 4-storey townhouses and a maximum 35-storey apartment system. In addition, the project also reserves 9,5 hectares for social housing development, combined with a chain of utilities including office, service centers, inter-level schools, hospitals, parks and sports areas. The estimated cost of site clearance is more than 1.100 billion VND.
Following the new direction, Vingroup is shifting its investment to large land funds of hundreds to thousands of hectares in suburban areas. The group's "super projects" will come with a closed ecosystem of housing, commerce, education, healthcare and entertainment - the model that has made Vinhomes famous in many provinces and cities.
Notably, Bac Ninh is not the only locality that is "hot" because of Vingroup's mega-projects.
In the first half of 2025 alone, the group has successively started a series of billion-dollar projects in Long An (Vinhomes Green City over 197 hectares, 1,1 billion USD), Can Gio (Vinhomes Green Paradise nearly 9 billion USD), Da Nang (Vinpearl Lang Van nearly 44.000 billion VND) and is preparing to start Vinhomes Phuoc Vinh Tay in September with a total capital of 9 billion USD.
In Khanh Hoa, the "super urban area" Cam Lam with a scale of nearly 10 billion USD is also in the preparation stage for site clearance.
In the report at the 2025 Annual General Meeting of Shareholders, Vingroup set a target of record revenue of VND300.000 billion and after-tax profit of VND10.000 billion, with the expectation that the segment Real estate will grow significantly thanks to the clear recovery of the market.
Not only Vingroup, Bac Ninh after merging with Bac Giang to become an "industrial super province" is becoming the center of attraction for real estate investment capital. Mr. Do Quang Hien's T&T Group proposed 3 projects with a scale of more than 1.000 hectares at the beginning of the year; Sun Group is researching a riverside tourism and resort complex; and Phu My Hung is looking for land to develop an urban area for the international expert community.
The emergence of a series of real estate giants shows that Bac Ninh is entering a phase of reshaping the development map, from an industrial production center to a new growth pole in trade, services and high-end real estate.
With the advantage of inter-regional infrastructure of Hanoi - Hai Phong - Quang Ninh and open investment attraction policies, the market here is expected to explode in the coming years.
Source: CafeLand Electronic Newspaper
