HCMC – Vingroup, Vietnam’s largest private conglomerate, broke ground today on a sprawling 2,870-hectare coastal urban and tourism project in Can Gio District, around 50 kilometers southeast of the center of Ho Chi Minh City (HCMC).Designed to accommodate a population of nearly 230,000 and attract 8-9 million tourists annually, the Vinhomes Green Paradise project will transform the area into a hub for eco-friendly tourism, smart urban living, and high-tech services.Located in Long Hoa Commune and Can Thanh Town, the project encompasses 1,357 hectares of reclaimed land and 906 hectares of leveled terrain elevated over 2.9 meters above the Hon Dau benchmark elevation. The development is divided into four main zones, with each tailored to specific functions, from ecological residences to financial hubs and luxury resorts.Vinhomes Green Paradise will include an international convention center, a world-class hospital, a marina, a golf course, and an oceanfront square.The project will become Vietnam’s first mega-urban development to be built in accordance with Environmental, Social, and Governance (ESG) principles, said Vingroup.Speaking at the groundbreaking ceremony, Nguyen Viet Quang, vice chairman and CEO of Vingroup, said the project will contribute to improving the quality of life for local residents while preserving the ecological integrity of Can Gio.Vingroup envisions the Can Gio project as a “second lung” for HCMC. The district’s 35,000-hectare mangrove forest, which is a UNESCO-recognized World Biosphere Reserve, is now seen as the green lung of HCMC. The development prioritizes green energy, with plans for offshore wind power, eco-friendly transportation, and an elevated metro system. A proposed 48.5-kilometer metro line, connecting Nguyen Van Linh Boulevard in District 7 to Can Gio, will require an estimated investment of over US$4 billion.Under HCMC’s master development plan for 2021-2030, with a vision to 2050, Can Gio will be developed into an ecological urban zone, with a focus on advancing the marine economy through the development of a transshipment port, a free trade zone, logistics services, tourism, coastal eco-cities, and renewable energy initiatives.HCMC is seeking investment for the Can Gio International Transshipment Port, which is estimated to require US$6 billion. (ICE HO CHI MINH CITY)

Fonte notizia: The Saigon Times