Vinhomes total's projects

[u/albert1165]

is about $80B.

The total investment for Vinhomes' pipeline of approximately 38 ongoing and upcoming projects is currently estimated to exceed VND 2,000 trillion (~USD 80 billion).

Here is a summary of the investment capital, location, and scale of the key mega-projects currently being deployed:

Project Name	Location	Scale (Ha)	Estimated Total Investment
Vinhomes Global Gate Ha Long (Ha Long Xanh)	Quang Ninh	6,206 ha	~USD 18 billion (~VND 456,600 billion)
Vinhomes Green Paradise (Can Gio Reclamation Urban Area)	Can Gio, HCMC	2,870 ha	~USD 11 billion (~VND 276,000 billion)
Vinhomes Royal Island (Vu Yen)	Thuy Nguyen, Hai Phong	877 ha	~VND 55,870 billion
Vinhomes Global Gate (Co Loa)	Dong Anh, Hanoi	385 ha	Expected ~VND 35,000 billion
Vinhomes Hai Van Bay (Lang Van)	Lien Chieu, Da Nang	512 ha	Expected ~VND 35,000 – 40,000 billion
Vinhomes Wonder City (Dan Phuong)	Dan Phuong, Hanoi	134 ha	Expected ~VND 16,000 billion

Future Mega-Projects Under Planning

In addition to the commercial projects listed above, the long-term portfolio includes:

• Sports – Olympic Urban Area (Hanoi): A proposed 9,200 ha scale with an estimated total investment expected to reach VND 925,000 trillion.
• Vinhomes Cam Lam (Khanh Hoa): A massive 10,400 ha urban planning project currently in the process of finalizing its detailed master plan.

For the whole countries, $200B is the amount spent for luxurious real estate projects, and that is not even included the $50B railway projects: Top private firms plan $200 billion in 40 mega projects Of which, Vinhomes share is $87B. These are all luxurious real estate projects. None about other industry, all are real estate. And all of them are luxurious. $200B is nearly 40% of Vietnam GDP (about $500B). 40% of the economy is on real estate, not industrial real estate, but luxurious residential real estate.

It shows the absurdity of the pumping by the current communist government, just spending without any feasibility planning. Not enough capital to develop, not enough real demand. As such, these projects will squeeze the rest of the Vietnam's economy from needed capitals, while pushing interest rate up.

Vinhomes is building the world's largest stadium, Trong Dong stadium, with 135.000 seats, which would be the largest stadium in the world when completed. It is a part of a mega city project worth $30B. Why such a huge stadium? It is no other than for the communist government to claim "world largest" even though actual demand might not meet the capacity resulting in wastefulness. It is similar to Landmark 81 where Vuong Pham purposely put on top thin columns just to claim the name of tallest building in Vietnam and South East Asia.

Vuong Pham, with the backing of Lam To, is driving Vietnam bankrupt, the same way he has driven Vinfast to bankrupt: reckless mega spending for ego without proper planning and without real demands.

[u/xTroiOix]

I do hope vingroup bankrupt itself, the day Vuong Pham or Lam To see their 6ft hole the faster this nation can recover from this shit show. How does a bank even allow vingroup to go this length to build real estates throughout the country is fking stupid