Vinhomes to Develop $3B Mega City in Long An by 2030
Vinhomes, Vietnam’s leading real estate developer, has announced plans to develop Phuoc Vinh Tay New Urban Area in Long An province, a $3 billion mega city set to reshape the region’s property landscape.
Covering 1,090 hectares, this master-planned community will feature:
- 7,050 townhouses & 8,200 villas
- 13,440 social housing units
- 2,370 low-rise resettlement homes
- Projected population: 90,000 residents
Construction is expected to begin in 2026, with full completion by the end of 2030.
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Why Long An? A Rising Real Estate Hotspot
Long An is emerging as a key growth area in southern Vietnam, thanks to its strategic location near Ho Chi Minh City (HCMC) and its role in easing urban congestion.
Key advantages of Long An’s real estate market:
- Proximity to HCMC – Cần Giuộc is a gateway to South and Southeast HCMC, reducing pressure on the city’s infrastructure.
- Expanding industrial zones – The province is attracting manufacturing and logistics investments, boosting housing demand.
- Infrastructure development – Improved roads and highways are enhancing connectivity between Long An and HCMC.
With these factors in place, Long An is set to compete with major real estate markets like Binh Duong, Dong Nai, and Ba Ria-Vung Tau within the next decade.
Project Timeline & Development Phases
- 2024-2025: Land compensation and clearance.
- Q1 2026 – Q4 2027: Infrastructure construction & resettlement planning.
- 2028-2030: Full-scale development of residential & commercial areas.
- End of 2030: Project completion.
As part of Vinhomes’ expansion strategy, the company is also developing another large-scale urban project in Duc Hoa, Long An, spanning 200 hectares with an investment of $1.2 billion.
Investment Potential & Market Outlook
With major developers entering Long An, the market is becoming more competitive and professionally managed. Experts predict:
- Long-term capital appreciation – Large-scale urban projects will drive property values higher.
- Increased infrastructure investment – The government’s focus on road and transport networks will boost accessibility.
- Growing demand for suburban housing – As Ho Chi Minh City becomes more crowded, Long An offers a viable alternative for homeowners and investors.
Vinhomes’ strong financial performance in 2024, with a 13% revenue increase to $5.6 billion, further solidifies its ability to execute large-scale projects like Phuoc Vinh Tay New Urban Area.
A Game-Changer for Long An Real Estate
The $3 billion Vinhomes project marks a major transformation for Long An, positioning it as a prime investment destination in southern Vietnam’s real estate market.
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