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Images of VinGroup Chairman Pham Nhat Vuong at the site of the Vinhomes Saigon Park project in Xuan Thoi Son commune, Ho Chi Minh City have drawn attention from real estate investors. The visit came as the project has just begun construction and moved into the infrastructure development phase.
Vinhomes Saigon Park (legal name: International University City Urban Area Berjaya Vietnam) is being developed in Xuan Thoi Son, Ho Chi Minh City. The project covers about 1,080 hectares, including about 200 hectares of golf, positioning it among the largest urban complexes in the city.
The total investment is about 59,000 billion dong. The site is located at the northwestern gateway of Ho Chi Minh City, adjacent to National Highway 22 and near Belt 3 and Belt 4, as well as metro connections and cross-regional traffic corridors.
After more than 20 years of waiting, the project officially restarted from late April 2026. Under the master plan, Vinhomes Saigon Park is set to be developed as an integrated mega-urban area, combining housing, commerce, services, healthcare, education, and public spaces.
One highlighted area is the Global Park zone, a 19-hectare international center featuring high-standard shopping and service facilities, a hospital complex, and the Global Village international cuisine complex.
Upon completion, the urban area is expected to support nearly 200,000 residents and students. The project aims to form a new growth pole in the northwestern area of Ho Chi Minh City and serve as a major education, research, and services center for the city.
Separately, Forbes’ global billionaire list updated as of 11/6/2026 shows Pham Nhat Vuong, chairman of VinGroup, with assets worth USD 30.6 billion, ranking 76th worldwide. The list also describes Vuong as the wealthiest person in Southeast Asia and the richest in Vietnam.
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