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With a combined footprint of over 9,000 hectares, the twin developments, Vinhomes Green Paradise in the south and Vinhomes Global Gate Ha Long in the north, position Vietnam’s real estate sector at the forefront of next-generation ESG++ urbanism, where nature regeneration, smart governance and human-centric design converge at unprecedented scale.
HO CHI MINH CITY / QUANG NINH, VIETNAM – Media OutReach Newswire – 24 July 2026 – Vinhomes, Vietnam’s leading residential developer, is advancing a new generation of sustainable urban development with two landmark mega-projects located at the country’s northern and southern gateways.
As Vietnam emerges as a global investment destination, Vinhomes is pioneering a new generation of ESG++ cities designed for people, nature and the future.
Spanning a combined area exceeding 9,000 hectares, Vinhomes Green Paradise (2,870 hectares) in Can Gio, Ho Chi Minh City, and Vinhomes Global Gate Ha Long (6,200 hectares) in Quang Ninh province embody the company’s ESG++ philosophy, an approach that extends beyond conventional sustainability to actively regenerate nature while integrating smart urban governance and human-centered design.
A New Generation of Cities Where Growth and Nature Advance Together
As Vietnam strengthens its position as one of Asia’s fastest-growing investment destinations, attracting record levels of foreign direct investment and a new generation of international professionals, Vinhomes is pioneering an urban development model that positions nature restoration as the foundation of long-term economic resilience and social prosperity.
According to the World Economic Forum, resilient, nature-positive cities are becoming essential to long-term economic competitiveness as climate resilience, public health and quality of life increasingly influence investment decisions. The Urban Land Institute’s Emerging Trends in Real Estate reports consistently identify sustainability, wellness and resilient mixed-use communities as among the strongest drivers of real estate value creation worldwide.
Recognizing this shift, Vinhomes has embraced a philosophy that extends beyond conventional ESG implementation. The company believes sustainable prosperity requires continuously regenerating nature rather than simply preserving what already exists, a vision that has evolved into what it calls an ESG++ approach, combining environmental restoration, smart urban governance and human-centered development at an unprecedented scale.
Vinhomes Green Paradise: A Coastal Urban Wonder in the South
Situated beside the UNESCO-recognised 75,000-hectare Can Gio Mangrove Biosphere Reserve, Vinhomes Green Paradise became the first Official Participant recognised by New7Wonders for the global campaign “7 Wonders of Future Cities.” The 2,870-hectare development maintains an exceptionally low construction density of just 16%, allowing the majority of the masterplan to remain dedicated to greenery and water.
An 800-hectare natural seawater lagoon forms the ecological heart of the development, while its 121-kilometre shoreline creates one of the world’s most distinctive coastal urban landscapes. IoT, artificial intelligence and big data are embedded throughout governance, environmental monitoring and city operations to optimise sustainability and improve everyday urban management. The project integrates internationally benchmarked healthcare, education, senior living, culture, sports and entertainment into a comprehensive ecosystem designed to support every stage of life.
Vinhomes Global Gate Ha Long: A Waterfront Megacity in the North
Hundreds of kilometres to the north, Vinhomes is advancing the same philosophy at an even larger scale. Officially breaking ground in April 2026, Vinhomes Global Gate Ha Long spans more than 6,200 hectares, making it one of the largest coastal urban developments in Asia. Positioned directly alongside UNESCO World Heritage-listed Ha Long Bay, the project occupies one of the most extraordinary waterfront locations anywhere in the world.
Rather than maximising built density, the masterplan emphasises ecological regeneration. More than 2,500 hectares are dedicated to forests, wetlands and water landscapes, including 680 hectares of naturally filtered sea, 200 kilometres of white-sand coastline, and over 660 hectares of Globe Ha Long Forest Park, creating a vast regenerative ecosystem that complements the surrounding World Heritage environment.
The development is also envisioned to pursue the newly introduced ISO 37125 standard for sustainable urban development, reflecting an ambition to align with an emerging international benchmark for future ESG cities.
The project features a comprehensive “all-in-one” urban ecosystem: six residential districts, including exclusive island communities surrounded entirely by the sea, are complemented by seven globally benchmarked ecosystem clusters spanning culture, hospitality, retail, healthcare, education, sports and financial services.
Large-scale amenities include a 60,000-seat waterfront performance arena, the Wonder Theatre, an international convention centre, extensive hospitality facilities, international-standard golf courses, a world-class marina, an integrated shopping mall, professional sports facilities, Vinmec healthcare services, international education institutions, and a new central business district designed to attract global talent and investment.
The same integrated philosophy underpins Vinhomes Green Paradise, where ecological preservation, advanced technology and community wellbeing are designed to reinforce one another within a highly resilient coastal environment.
Collectively, these two mega-projects demonstrate how ESG can evolve beyond regulatory compliance to become a comprehensive framework for urban development, one capable of strengthening Vietnam’s international competitiveness not only as one of Asia’s fastest-growing economies but also as a destination for sustainable living and long-term investment. Instead of viewing environmental protection as a constraint on growth, Vinhomes positions nature restoration as the foundation of long-term economic resilience, social prosperity and global appeal.
Hashtag: #Vinhomes
The issuer is solely responsible for the content of this announcement.
About Vinhomes
Vinhomes is Vietnam’s largest residential real estate and integrated township developer. The company pioneers the development of synchronized, modern large-scale townships, delivering premium living standards and unlocking sustainable investment opportunities for domestic and international clients.
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Saudia and Garuda Indonesia have agreed to pursue a joint business partnership aimed at expanding passenger connectivity between Southeast Asia, Saudi Arabia and destinations across Europe, Africa and the Middle East.
The airlines signed a memorandum of understanding that establishes a framework for negotiating a future joint business agreement. The proposed arrangement would deepen their existing codeshare relationship and could allow closer coordination across schedules, sales, network planning and passenger services.
The partnership is expected to explore single-ticket journeys across the two carriers’ combined networks. Garuda Indonesia passengers could gain easier access to Saudia-operated destinations in the Middle East, Europe and Africa, while Saudia customers could connect through Garuda’s domestic network and services to Australia.
The carriers will examine coordinating flight schedules between Saudi Arabia and Indonesia to improve connection times and reduce lengthy transfers. They will also assess joint sales, marketing and distribution initiatives in markets where both airlines see opportunities for traffic growth.
Cooperation could extend to frequent-flyer programmes, airport services, technology systems and customer handling. The memorandum also places particular emphasis on services for Umrah and Hajj passengers travelling from Indonesia, one of the world’s largest markets for pilgrimage-related air travel.
Saudia Chief Commercial Officer Arved von zur Muehlen and Garuda Indonesia Director of Transformation Neil Raymond Mills signed the agreement. The ceremony was attended by Saudia Group Director General Ibrahim Al-Omar and Garuda Indonesia Vice President Director Thomas Sugiarto Oentoro.
Von zur Muehlen said the agreement reflected Saudia’s strategy of building commercial partnerships that strengthen its international network. He said the proposed cooperation would offer passengers greater flexibility between Indonesia, Australia and destinations served by Saudia across three regions.
Mills said the partnership carried strategic value beyond expanding flight networks. Improved access to the Middle East, Europe and Africa would support pilgrimage travel, family and community movement, business links and wider economic cooperation.
A joint business agreement would represent a deeper form of cooperation than a conventional codeshare. Codeshares allow airlines to sell seats on flights operated by a partner, while joint business structures can involve coordinated scheduling, pricing, sales and capacity planning, subject to regulatory approval.
Such arrangements allow airlines to extend their market reach without immediately adding aircraft or launching a large number of new routes. They can also improve aircraft utilisation and feed passenger traffic through major hubs. Regulators, however, generally examine these partnerships to ensure that closer coordination does not weaken competition or limit consumer choice.
The proposed partnership builds on the airlines’ membership of the SkyTeam alliance. Saudia joined SkyTeam in 2012, while Garuda Indonesia became a member in 2014. Alliance membership already supports shared passenger benefits, lounge access, priority services and frequent-flyer recognition across participating carriers.
Saudia operates from hubs including Jeddah, Riyadh, Dammam and Medina, connecting Saudi Arabia with destinations across Asia, Africa, Europe and North America. Its Jeddah hub is particularly important for religious travel because of its proximity to Makkah and its role as a gateway for pilgrims.
Garuda Indonesia’s network is centred on Jakarta and Bali, with domestic services covering major commercial centres and tourism destinations across the archipelago. Its international operations connect Indonesia with markets in Asia, the Middle East and Australia.
The agreement comes as Garuda expands commercial cooperation with overseas airlines during its continuing operational and financial restructuring. The carrier launched a codeshare partnership with Scandinavian Airlines in June, offering connections between Indonesia and Copenhagen, Stockholm and Oslo through hubs including Amsterdam and Tokyo.
Greater cooperation with Saudia could strengthen Garuda’s access to markets that are difficult to serve economically with direct flights. The arrangement could also help generate connecting traffic for domestic destinations beyond Jakarta, including cities that supply significant numbers of Umrah and Hajj travellers.
Indonesia and Saudi Arabia have sought to expand economic and transport ties alongside their strong religious and cultural links. Agreements between companies from the two countries valued at about $27 billion were announced in 2025 across sectors including clean energy, petrochemicals and aviation fuel services.
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US President Donald Trump’s phased tariff plan for imported generic medicines has given drugmakers two years to strengthen American manufacturing while raising questions over costs, supply security and the future competitiveness of India’s pharmaceutical exports.
Trump announced that generic drugs entering the United States would remain free of import duties until August 1, 2028. A tariff of 100% would then apply for one year, followed by a 200% levy from August 2029. The proposed schedule extends Washington’s pharmaceutical reshoring campaign beyond patented and branded medicines, which were targeted earlier.
India faces the greatest exposure because the United States is its largest pharmaceutical export market. Drug exports to the country were valued at about $9.7 billion in 2025, representing roughly 38% of total pharmaceutical shipments worth $25.8 billion.
The policy nevertheless does not automatically remove the price advantage enjoyed by manufacturers such as Sun Pharmaceutical Industries, Dr Reddy’s Laboratories, Aurobindo Pharma, Cipla, Lupin and Zydus Lifesciences. Many generic medicines produced in India are priced seven to 10 times below branded alternatives, leaving room for some products to remain competitive even after steep duties.
A medicine imported for $10 would cost $30 after a 200% tariff, excluding distribution and retail charges. It could still undercut a branded equivalent priced at $70 or $100. The calculation is less favourable for commodity generics, where several manufacturers compete on narrow margins and buyers demand the lowest possible price.
Generic medicines account for more than 90% of prescriptions dispensed in the United States but less than 13% of prescription-drug spending. That imbalance reflects their importance to American healthcare as well as the pressure placed on manufacturers by pharmacy chains, wholesalers, insurers and purchasing organisations.
The United States imported pharmaceutical products valued at about $213 billion in 2025. Finished medicines sold in retail packaging, including generic products, accounted for about $94.1 billion. Replacing those imports would require extensive investment, specialised workers, regulatory approvals and dependable supplies of active pharmaceutical ingredients.
Building a pharmaceutical plant can take several years. Companies must install production lines, validate manufacturing processes and secure approval from the US Food and Drug Administration before commercial sales begin. Each medicine may also require separate technical submissions and inspections, complicating attempts to shift large portfolios within the two-year exemption period.
Several major drugmakers have already established manufacturing or research operations in the United States, providing limited protection against future tariffs. Companies may expand those facilities, acquire local plants or transfer selected high-volume products while continuing to manufacture lower-margin medicines overseas.
The tariff could affect businesses unevenly. Manufacturers with specialised generics, injectable drugs, inhalers and complex formulations may have greater pricing power. Producers dependent on crowded categories such as basic tablets and capsules could face heavier pressure because customers can switch suppliers more easily.
Shares of leading pharmaceutical companies fell after the announcement, with some declining by more than 3% during Wednesday’s trading. The reaction reflected concern over long-term earnings rather than an immediate change in export conditions, as the duty-free window remains open for two years.
Implementation is also uncertain. Trump disclosed the schedule through a social-media statement, but no detailed executive order or customs framework had been issued. The administration must still clarify whether exemptions will be available for companies building factories, medicines facing shortages, critical hospital products or imports from countries covered by trade agreements.
Industry participants are expected to seek exclusions for essential medicines, arguing that tariffs could raise treatment costs and deepen shortages. The American generic-drug market has already faced supply disruptions linked to plant closures, quality failures and unsustainable pricing. Higher import costs could encourage some manufacturers to withdraw products rather than invest in additional capacity.
Washington’s strategy also faces a supply-chain constraint beyond finished medicines. A large portion of the active ingredients and chemical intermediates used by global manufacturers originates in China. Moving final production to the United States without diversifying those inputs would provide only partial protection against overseas disruption.
Drugmakers in India now have until August 2028 to adjust their production networks, negotiate with customers and identify medicines capable of absorbing higher duties. Expansion into Europe, Africa, Latin America and other regulated markets could reduce dependence on the United States, although none offers comparable scale.
