Vingroup Invests Over $2.2 Billion in Long-Stalled Urban Project
Vingroup has announced a significant investment of over $2.2 billion in the International University Urban

The People's Committee of Vạn Xuân Ward in Thai Nguyen Province has officially launched a bidding invitation for the project to construct a comprehensive educational system, which includes a kindergarten, elementary school, middle school, and high school. The total investment for this ambitious project is 212.684 billion VND, covering an area of 24,661.3 square meters.
The proposed construction plan includes several key components: classrooms, administrative offices, study facilities, internal roads, green spaces, playgrounds, sports areas, parking, restrooms, gates, and fencing. This project is part of the detailed planning for the Yen Binh urban area, which received approval from the competent authorities in April 2026.
The construction is expected to be completed and operational within 24 months from the date the investor is granted land lease rights. Once operational, the educational system is projected to serve approximately 2,366 students each year. The project is designed to have a lifespan of 50 years, ensuring long-term educational benefits for the community.
This initiative reflects the commitment of local authorities to enhance educational infrastructure and provide quality educational opportunities for the residents of Thai Nguyen.