Work starts on Vinhomes Riverside Hai Phong hinh anh 1Illustrative Image (Source: Vingroup)

Hai Phong (VNA) – Vingroup, a key player in the Vietnamese real estate market, broke ground on its Vinhomes Riverside Hai Phong on the morning of March 4.

The project covers 78.5 hectares in Thuong Ly ward, Hong Bang district, northern Hai Phong city.

It is a high-end urban complex, the first of its kind in Hai Phong, which will consist of apartments, villas, shopping malls, parks, schools and other entertainment facilities.

The construction is scheduled to complete in 2020, marking the birth of a new economic hub in the locality.

According to Vingroup Vice President Nguyen Viet Quang, Hai Phong is a prominent investment destination of Vingroup.

The Vincom Plaza has recently become operational in the city, while the group’s Vinmec hospital and Vu Yen island project are underway.-VNA