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Explore Vietnam
Vingroup
458-hectare ocean mega-city with Asia's largest artificial saltwater lagoon and complete Vingroup living ecosystem.
A 458-hectare ocean-themed mega-township in Van Giang, Hung Yen developed by Vinhomes (Vingroup). Part of the 1,200-hectare Ocean City Ha Noi master plan. Features 8 themed low-rise sub-areas with over 12,800 units, 56 apartment towers co-developed by Masterise Homes and MIK Group, Royal Wave Park with an 18-hectare artificial saltwater beach, Vincom Mega Mall, Vinmec hospital, and Vinschool. Total capacity exceeds 43,000 residential units.
Better for long-term living than for investing.
Northern Vietnam’s largest ocean mega-township with now-operational Vincom Mega Mall and Vinmec hospital validates the self-contained city concept. Tradeoff: 30+ km from Hanoi CBD with no metro, in Hung Yen province, and apartment buyers must wait 1–3 years for handover.
| Project | Price | Distance |
|---|---|---|
| Vinhomes Ocean Park 3 | 110 triệu/m² | 1.8 km |
| Vinhomes Ocean Park 1 | 45–90M/m² (resale) | In Gia Lam, Hanoi — closer to CBD, 60,000+ residents, established community with proven rental demand |
| Ecopark | 35–55M/m² (resale) | Also in Van Giang — same district, smaller scale, more mature with 10+ year track record |
| Vinhomes Smart City | 45–70M/m² (resale) | In Nam Tu Liem, West Hanoi — inside Hanoi proper, near Metro Line 5, better CBD access |
End-user: 7.2 — Good project with meaningful tradeoffs. Exceptional self-contained amenity ecosystem (Vinschool, Vinmec, Mega Mall, Royal Wave Park) delivers strong livability for families who don't need to commute to Hanoi daily. However, the 30+ km distance from Hanoi CBD with 60-90 min peak commute and no metro is a real daily life penalty. Being in Hung Yen province rather than Hanoi limits hộ khẩu benefits. Apartments are all under construction with 2027-2028 delivery. Strong for its segment but the location-connectivity weakness prevents a higher score.
Investor: 6.3 — Mixed project suitable for specific investor profiles. The satellite city thesis requires patience and conviction. No apartments have been delivered, so there is zero proven rental yield or resale data. The 43,000+ unit scale creates significant supply-side risk. Vingroup brand provides a value floor, and Ring Road 4 (2027) is a credible catalyst, but entry prices at 60-85M/m2 are not cheap for Hung Yen. Best suited for long-term investors comfortable with 3-5 year holding periods and satellite city growth conviction.
Developer apartment prices span 59–85M/m² across four projects, reflecting product tier rather than appreciation since all are primary sales. Ring Road 4 service road opening in Q2/2026 is the near-term catalyst. Low-rise resale market shows weak liquidity with loss-cutting listings common across all sub-areas.
| Developer | Vingroup |
| Construction | Construction |
| Total Units | 43000 |
| Towers | 56 |
| Launch Date | 2022 |
| Construction Permit | approved |
| Pink Book | partial |
| Legal Notes | Long-term residential ownership. Low-rise sub-areas with delivered units have pink books issued. High-rise apartments in various stages of development. |
Vinhomes Ocean Park 2
| CBD (peak) | 60-90 min via expressway + Ring Road 3 |
| CBD (off-peak) | 35-45 min via Ha Noi – Hai Phong Expressway |
| CBD (motorbike) | 45-60 min via National Route 5 |
| Airport (peak) | 70-90 min |
| Airport (off-peak) | 50-60 min |
Hanoi professionals seeking affordable spacious living outside the city, young families attracted to Vingroup's school and hospital ecosystem, and real estate investors betting on satellite city growth in Hung Yen.
