Under the contract sign last weekend, Hoa Binh will serve as the main contractor for phase one of the Gold Cast Vung Tau urban project, whose investor is Gold Cast Holdings. The phase one is expected to cost VND132 trillion ($5 billion).

Besides, Turner Vietnam will act as supervising consultant, while Savills Vietnam has been appointed as project operator.

The Gold Cast Vung Tau project spans more than 1,000 hectares in the former Ba Ria-Vung Tau province, which is now part of HCMC following a recent merger.

Located near National Highway 51 at the intersection of the planned Bien Hoa-Vung Tau Expressway and National Highway 55, the site is about 40 minutes from under-construction Long Thanh International Airport and is connected to HCMC via major transport corridors including Ring Roads 3 and 4 and the extended Metro Line 1.

Positioned as a gateway between HCMC and Binh Duong province, Gold Cast Vung Tau aims to become a key trading hub along Vietnam’s maritime corridor, benefiting from proximity to the Cai Mep-Thi Vai port complex and nearby industrial zones.