- Location
- Long Binh Ward, Ho Chi Minh City
- Updated
The Rainbow was the first sub-zone launched at Vinhomes Grand Park. Its 17 towers on Nguyen Xien Street, in the Vinhomes Sapphire product line, hold 10,343 apartments. Sales opened in mid-2019 – more than 10,000 units changed hands within weeks – and handover began in June 2020, making it the township’s most established neighbourhood. In March 2023 Vinhomes handed over more than 1,000 pink books to Rainbow residents in a single ceremony.
Quick facts
| Developer | Vinhomes |
|---|---|
| Location | Nguyen Xien St., Vinhomes Grand Park, Long Binh Ward, HCMC |
| Towers | 17 |
| Apartments | 10,343 |
| Unit sizes | About 29–81 m² (studio to 3 bedrooms) |
| Brand line | Vinhomes Sapphire |
| Launch | Mid-2019 |
| Handover | From June 2020; pink books from 2023 |
Who is behind The Rainbow
Vinhomes Grand Park is Vinhomes’ township of almost 272 ha on Nguyen Xien and Phuoc Thien streets in the former District 9, planned for around 43,500 apartments in 72 towers plus low-rise homes, with a 36-ha park, Vincom Mega Mall, Vinschool and Vinmec. The Rainbow was the township’s opening phase and still houses the largest resident community within Grand Park.
Location: Nguyen Xien Street, Vinhomes Grand Park
The Rainbow sits along Nguyen Xien Street on the western side of the township, a short walk from the podium shops and a few minutes from the 36-ha park, Vincom Mega Mall and Vinschool.
The Hi-Tech Park, the Ho Chi Minh City – Long Thanh – Dau Giay expressway and Metro Line 1 at Suoi Tien are all within a short drive.
Master plan and amenities
As the first sub-zone, The Rainbow has the most mature street life in the township:
- Busy podium shops and cafes
- Pools and gyms in the sub-zone
- 36-ha Grand Park nearby
- Vincom Mega Mall, Vinschool and Vinmec
- VinBus electric buses
- Township management and security
Apartment types
Units are compact Sapphire-line apartments from studios of about 29 m² to three-bedroom homes of about 81 m².
Prices and buying
Batdongsan put The Rainbow at about 43–53 million VND per m² in 2026; three-bedroom units of 81 m² with pink books were listed at around 3.6–3.65 billion VND.
The Rainbow is one of the most liquid resale markets in eastern Ho Chi Minh City, which makes pricing transparent.
Legal status and foreign ownership
Pink books have been issued to residents since 2023. Foreigners can buy within the per-building quota for 50 years.
Renting at The Rainbow
Rents are among the lowest for a branded township: in 2026 apartments rented for about 5.7–12.3 million VND a month, with two-bedroom units around 6–8 million.
Pros and cons
Pros
- Pink books issued
- Mature community and busy podium shops
- Low entry prices and rents
- Easy resale market
Cons
- Compact units
- Very large supply
- Older than newer Grand Park sub-zones
Who it suits
The Rainbow suits first-time buyers, students’ families and small landlords looking for affordable, legally clean units inside Vinhomes Grand Park.
Sources and further reading
Figures on this page come from the developer’s published information and local press, including The Leader – pink book handover, Thu Vien Nha Dat – The Rainbow, Rental listings on Batdongsan. Prices, handover dates and rental terms change often – always confirm the current details with the developer or a licensed agent before you commit.
Frequently asked questions
What is The Rainbow?
The first apartment sub-zone of Vinhomes Grand Park, with 17 towers and 10,343 apartments.
When was The Rainbow handed over?
Handover began in June 2020.
Do The Rainbow apartments have pink books?
Yes, Vinhomes began issuing pink books to residents in 2023.
How much is rent at The Rainbow?
About 5.7–12.3 million VND a month in 2026.
How much does a three-bedroom cost?
Around 3.6 billion VND for 81 m² in 2026.