Van Phu: Top 40 Typical Enterprises, Affirming Stature
Van Phu’s 22-year journey is a vivid testament to the spirit of “Think big – do real – contribute unceasingly”. Recently, Van Phu – Invest Investment Joint Stock Company was honored to receive the Top 40 typical private enterprises symbol, representing 40 years of innovation in the country. This is a worthy recognition of Van Phu’s great contributions to the community and its companionship with the nation on the path of development.
The honoring ceremony took place in Hanoi, within the framework of the Conference “Building and promoting the strength of the national business team for the aspiration of a prosperous Vietnam”. The event was organized by Vietnam Real Estate e-Magazine (Reatimes) and Vietnam Real Estate Research Institute (VIRES), under the direction of the Vietnam Real Estate Association.
Being honored in this prestigious list not only marks Van Phu’s outstanding economic and financial achievements. More importantly, it also affirms the role of the business in promoting social responsibility, inspiring innovation and contributing to the sustainable development of the country.

22-Year Journey of Creating Value
2025 marks an important milestone when Van Phu is honored as one of the Top 40 typical private enterprises, a testament to the 22-year journey of continuous development. The philosophy of “not selling houses, only selling living space” has shaped the Van Phu brand. Each project is not just a simple construction. Instead, they are vibrant living ecosystems, fully meeting the needs of residence, connection and happiness for residents.
Van Phu always adheres to the motto of “for human life”, putting people at the center and culture as the foundation for development. Therefore, although not racing in the number of projects, Van Phu still maintains its position as one of the leading prestigious real estate brands. The focus on quality and human values has created a difference.
Solid Start with Van Phu – Ha Dong New Urban Area
Right from the early days of operation, Van Phu has shown outstanding strategic vision. The development of Van Phu – Ha Dong New Urban Area is a typical example. This is one of the first level I urban areas in the old Ha Dong district. After only 3 years of implementation (2006–2009), the project has formed a bustling residential community with about 20,000 people. This urban area has become a model, making an important contribution to changing the face of the western Hanoi area.
The success of the initial project has laid a solid foundation for Van Phu’s subsequent development steps. This shows the business’s ability to plan and develop methodical urban areas.
Chain of High-End Projects and Market Expansion
The period 2018–2021 witnessed the launch of a chain of high-end projects The Terra (An Hung, Hao Nam) and Grandeur Palace – Giang Vo. These projects are inspired by “Mother Earth”, a symbol of tolerance and connection. They bring a classy, humanistic living space to modern urban residents. Van Phu always focuses on creating sustainable values for life.
Since 2019, Van Phu has boldly expanded investment to provinces and cities across the country. Localities such as Ho Chi Minh City, Bac Ninh, Thanh Hoa, Can Tho, Dong Nai, Hue, Quang Binh all have the presence of projects bearing the typical “Vlasta” brand. For example, Vlasta – Sam Son (Thanh Hoa), Vlasta – Thuy Nguyen (Hai Phong), Grandeur – Pham Hung (Hanoi). In addition, there is the Binh Chanh central urban area (HCMC), Bao Ninh urban area, and the 120ha Nhon Trach project (Dong Nai), along with a 9000m2 project in Phu Nhuan ward (HCMC).
This expansion shows Van Phu’s ambition to serve a variety of customers. At the same time, the business wants to bring real living values to many new lands across the country. Van Phu’s projects are not only consistent with the Government’s sustainable development strategy but also play an important role in connecting regions and promoting local economies. Each project bears its own unique imprint, clearly demonstrating the philosophy of “for human life” and the commitment to sustainable development.
Van Phu – Deo Ca: Creating a Riverside Scenic Avenue
One of Van Phu’s recent important milestones is its cooperation with Deo Ca Group. This consortium has proposed the project “Avenue and landscape along the Red River” in the form of BT. This project has been approved by the Hanoi People’s Committee. This is a strategic step to unlock the potential of the historic Red River area.
The project is proposed in the context of Hanoi implementing the Red River urban sub-area planning. This area, stretching nearly 40km, passes through 13 districts and 55 wards and communes. This is an area of special value in terms of geography, culture and potential for urban landscape development. However, for a long time, this place has been like a “sleeping land” due to the lack of synchronous infrastructure.
Based on on-site surveys, the Van Phu – Deo Ca consortium proposed forming a “strategic backbone”. This axis not only connects transport infrastructure but also connects urban flows. The goal is to revive the entire Red River area.
This avenue is expected to be nearly 40km long, from Hong Ha bridge to Me So bridge. It is not just a traffic route connecting Hanoi with neighboring provinces. More importantly, it is also a vibrant cultural ecological corridor. The avenue will include a system of terraced parks, walkways, riverside squares, service – tourism complexes and community spaces. This will be a place where people can access the river in a close, safe and inspiring way.
To complete the proposal, the consortium learned from international experience. They organized a field survey in Chongqing, China. This place has experience in developing large-scale Yangtze River routes. From the lessons on organizing multi-layered spaces, integrating parks – traffic – water surfaces and community culture, Van Phu – Deo Ca hopes to flexibly apply them to Hanoi’s reality. You can learn more about Van Phu’s vision of “real estate for human life” in the article here.
The project aims to form the largest public space in the Capital. This landscape route will have multi-layered functions, integrating traffic, green trees, water surfaces and iconic structures. These works will be inspired by the Thang Long – Red River culture. The avenue is expected to combine many types of transportation such as motor vehicles, trams, inland waterways. There are also underground parking lots, energy-saving buildings and an urban ecosystem that adapts to climate change. This is not just a transportation project but also an urban “experience axis”. It will be a place where residents can stroll along the river, cycle, organize festivals, or simply enjoy nature in the heart of the city. The Red River will be brought back to urban life in a modern yet emotional way. You can read more about this proposal in the article here.
Assessment and Future Vision
Van Phu being honored as one of the Top 40 typical private enterprises is the result of a non-stop effort. The business has demonstrated leadership, strategic vision and commitment to sustainable development. Van Phu’s 22-year journey has been marked by nearly 100 certificates of merit, certificates and awards at home and abroad.
With the philosophy of “for human life” as a guiding principle, Van Phu continues to affirm its position in the real estate market. The business constantly innovates and creates to bring the best values to customers and the community. Cooperation with reputable partners such as Deo Ca shows the desire to create national-scale projects.
In the context of the country entering a new era with many opportunities and challenges, Van Phu is ready to embrace the mindset. The business is committed to continuing to accompany the nation, contributing to common prosperity. The spirit of “think big – do real – contribute unceasingly” will continue to be the driving force for Van Phu to go even further.
Frequently Asked Questions
Why was Van Phu honored as one of the Top 40 typical private enterprises?
Van Phu was honored as one of the Top 40 typical private enterprises representing 40 years of innovation in the country. This honor recognizes the business’s positive contributions to the community, economic capacity, outstanding financial achievements, social responsibility, and innovative spirit. The business has accompanied the nation in the process of sustainable development.
What is Van Phu’s core business philosophy?
Van Phu’s core business philosophy is “for human life”, putting people at the center and culture as the foundation for sustainable development. The business pursues the view of “not selling houses, only selling living space”, creating desirable living ecosystems.
What are some of Van Phu’s outstanding projects that have been implemented?
Van Phu’s outstanding projects include Van Phu – Ha Dong New Urban Area, a chain of high-end projects The Terra (An Hung, Hao Nam), Grandeur Palace – Giang Vo. In addition, the business has expanded with projects bearing the “Vlasta” brand in many provinces and cities such as Thanh Hoa, Hai Phong, Ho Chi Minh City, Dong Nai, etc.
What is the meaning of the “Avenue and landscape along the Red River” project?
The “Avenue and landscape along the Red River” project is a cooperation between Van Phu and Deo Ca. It aims to unlock the potential of the Red River area, creating a “strategic backbone” connecting transport infrastructure and urban flows. The project promises to become a large-scale public space, a vibrant cultural ecological corridor, and a place where people can access the river in a close way.