In a significant boost to local finances, Vingroup's Green Halong Urban Complex has made a remarkable contribution of approximately 26.36 trillion VND (around 1.1 billion USD) to the budget of Quang Ninh city in just the first eight months of 2026. This amount represents 36% of the city's total state budget revenue during this period.

The Green Halong Urban Complex, also known as Vinhomes Global Gate Halong, was initiated by Vingroup in December 2025, with a total investment estimated at 456 trillion VND (approximately 18 billion USD). The project's first phases are expected to commence operations in 2028, and it aims to reshape the coastal urban landscape while promoting socio-economic development in the region.

According to the Quang Ninh city authorities, the total state budget revenue for the first eight months of 2026 reached approximately 73 trillion VND, exceeding the nine-month projection by 1.25 trillion VND. Notably, domestic revenue amounted to 60.45 trillion VND, achieving nearly 113% of the nine-month target, with land-use fees contributing over 30.4 trillion VND, which is 169% of the projected target.

The significant increase in land-use fees is largely attributed to the contributions from the Green Halong Urban Complex. The city has set an ambitious goal for the total state budget revenue for the entire year of 2026 to reach 107.3 trillion VND, surpassing the target of 100 trillion VND by 7%.

To achieve this goal, Quang Ninh city plans to enhance tax collection efforts, recover tax debts, and monitor key industries such as coal and electricity to ensure proper tax payments. The city also aims to generate additional revenue from clean industrial land and attract multinational corporations and logistics companies to establish branches in the area.