Hanoi Approves 580 Land-Recovery Projects, Including Vingroup and Vinhomes Sites

Overview

Hanoi’s People’s Council (HĐND TP Hà Nội) approved a resolution adding 580 land-recovery projects covering approximately 10,660 hectares to the city’s clearance list for socio-economic development in the national and public interest. The list includes major urban developments registered by Vingroup (VIC, HOSE) and its property arm Vinhomes (VHM, HOSE), alongside projects from Sun Group, Đại Quang Minh and others. The decision matters because land recovery is the legal precondition for site clearance and construction on these sites.

Key Facts

• The HĐND approved 580 land-recovery projects totalling about 10,660 ha at a recent thematic session, per the resolution.
• Vingroup registered three projects: Khu đô thị Yên Thường (169.8 ha in xã Phù Đổng), Khu đô thị Bắc Hồng (7.6 ha in xã Quang Minh) and Khu đô thị Liên Hà (460.6 ha in xã Thư Lâm).
• All three Vingroup schemes are described as land funds intended as payment for the Quốc lộ 1A spatial axis project, a PPP/BT contract covering the Vành đai 1 to Cầu Giẽ segment (8.5 ha recovery in phường Yên Sở).
• Vinhomes registered the Khu đô thị thể thao Quốc tế Hà Nội, requiring recovery of 1,386.9 ha in Thường Tín district.
• Other listed projects include the 604 ha Hồng River landscape boulevard (Đại Quang Minh – THACO – Hòa Phát consortium) and the 373.4 ha multi-purpose urban area in Đông Anh by Tương lai sông Hồng Group.
• For non-budget projects, the resolution requires investors to arrange funding in line with investment progress to ensure sufficient capital for site clearance.
• The filing does not disclose project-level investment values or construction timelines.

What Happened

At a recent thematic meeting, the Hà Nội People’s Council passed a resolution supplementing the list of works and projects requiring land recovery for socio-economic development in the national and public interest. The resolution adds 580 projects with a combined recovery area of roughly 10,660 ha, according to the approved text. For projects outside the state budget, the resolution assigns investors responsibility for arranging funds according to investment progress so that site clearance is fully financed.

The Vingroup entries are notable for their structure. The Yên Thường, Bắc Hồng and Liên Hà urban areas are identified as land funds expected to be paid to the developer as consideration for the Quốc lộ 1A spatial axis project, a public-private partnership using a build-transfer contract. Vingroup appears in that axis project through a consortium that also includes Công ty TNHH Đầu tư và Phát triển Bất động sản Cuộc Sống Mới, Công ty TNHH Thương mại Tổng hợp Hoàng Vân and CTCP Nghiên cứu Đầu tư và Phát triển Tương lai. Vinhomes separately registered the 1,386.9 ha Hà Nội International Sports Urban Area in Thường Tín.

Market Context

VIC closed at VND 242,000 and VHM at VND 62,000 on 2 November 2026, according to the price context provided. Both trade on HOSE and are among the largest real-estate names on the exchange, so land-clearance approvals in the capital feed directly into the sector’s development pipeline narrative. The resolution is a procedural milestone rather than an earnings event; it does not by itself change near-term revenue recognition, but it reduces regulatory uncertainty around projects that underpin multi-year launch schedules.

Strategic Significance

The resolution converts registered intent into an approved recovery list, which is the step that allows district authorities to proceed with compensation and clearance. For Vingroup, the linkage of three urban areas to a BT payment obligation is the key detail: it formalises how the group is compensated for infrastructure work on the Quốc lộ 1A axis, shifting value realisation from cash settlement toward land. For Vinhomes, the 1,386.9 ha sports urban area in Thường Tín represents one of the larger single-site land banks in the approved list and supports a long-duration township model rather than a single residential launch.

What to Watch

• Publication of the full resolution and project annex, including any conditions attached to the Vingroup BT payment structure.
• District-level compensation and clearance plans for Liên Hà, Yên Thường and the Thường Tín sports urban area.
• Vingroup and Vinhomes disclosures on investment registration or revised master plans for the named sites.
• Any update on the Quốc lộ 1A PPP/BT contract terms and the valuation of the offsetting land funds.
• Hà Nội People’s Council follow-up sessions for further additions to the recovery list.