Central Vietnam 'awakened' by major resort projects

From once-abandoned coastal lands to emerging resort-urban areas, central Vietnam is witnessing a strong resurgence of investment.

Resort projects reviving

In the early months of 2025, numerous coastal tourism and resort projects in central Vietnam have seen positive developments. Many projects have resumed after long periods of stagnation.

In the tourism hub of Danang, Thuan Phuoc Bay Urban Investment JSC has commenced construction on the 97-hectare Thuan Phuoc New Urban Area project in Nai Hien Dong and Tho Quang wards, Son Tra district.

The VND11.5 trillion ($442.22 million) project, formerly known as the Northern Man Quang Bay Urban, Commercial and Tourism Area, had its planning approved in 2010. After years of inactivity, in 2023, the Danang People's Committee okayed a revised investment policy, and construction officially began earlier this year.

Nearby, the Danang Real Estate and Marina project (Marina Complex) has been restarted after years of dormancy.

As for the Vinacapital Danang Golf Course project, in January 2024, the city people's committee allowed the project to be renamed and changed into a high-end commercial and sports urban area, called New Town.

It has a total investment of VND4.89 trillion ($188 million). By the end of Q1/2025, about VND1.94 billion had been disbursed, or 39.6%.

According to the municipal people's committee, in 2025, Danang focuses on resolving difficulties and obstacles faced by projects and enterprises.

Several major projects with a combined investment of over VND100 trillion ($3.85 billion) are expected to break ground in Q1 and Q2.

These include the Van Village project (over VND44 trillion or $1.69 billion), the Asia Park Complex and International Fireworks Complex project (over VND 40 trillion), various projects by FPT Corporation (over VND5 trillion), and the Viettel IT Zone project (over VND2 trillion).

In neighboring Quang Nam province, the Marriott Hoi An Resort & Spa project in Cam An ward, Hoi An town, developed by An Dien Real Estate and Tourism JSC, has also resumed.

The 3.3-hectare project had remained incomplete for years despite land allocation since 2008. In March 2025, following a planning adjustment, the project was re-licensed for construction.

At the Hoiana Resort & Golf complex in South Hoi An, the Quang Nam government has approved the investor’s proposal on an overall master plan adjustment.

Notably, the province added another golf course west of Vo Chi Cong Road to the project and removed the proposed residential development segment. The proposed new 18-hole golf course will cover about 65 hectares. At present, Hoiana already has an operational 77-hectare, 18-hole golf course.

Elsewhere along the Hoi An coastline, several resort projects like the La Queenara Hoi An Complex and Wyndham Hoi An Royal Beachfront Resort are being completed to welcome guests.

Meanwhile, in another tourist hotspot, Khanh Hoa, 11 projects previously flagged in the 2020 Government Inspectorate report, have been facilitated by the National Assembly, the country's legislature.

Among these, five projects were allocated or leased land without land use rights auctions, including the Luna Mixed-Use Service Complex (commerce, hotel, condo-hotel, office); Horizon Nha Trang Hotel; Hoang Phu Luxury Residential Area; Thien Trieu Complex; and Cattiger Office, Hotel & High-rise Tower - all located in Nha Trang town.

Six other projects were also allocated or leased land without bidding, namely The Arena project by Tran Thai Cam Ranh JSC, Cam Ranh Yacht Club and Resort, Evason Ana Mandara Cam Ranh & Spa, Saigon-Cam Ranh Tourism Area, Eurowindow Eco-resort Nha Trang, and Muong Thanh Luxury Hotel & Apartment Complex.

Unlocking land resources

Nguyen Van Quang, Party chief of Danang, emphasized that implementing Politburo Conclusion No. 77 and National Assembly Resolution No. 170 is a critical political mission. These legal frameworks are key to resolving immediate challenges, unlocking resources, and accelerating socio-economic development.

“For a long time, Danang growth was based on land resources. However, various shortcomings have been identified in inspection reports and court rulings. As a result, many major land resources have been frozen. Unblocking them will be a new driving force for growth,” he said.

Meanwhile, Le Van Dung, Chairman of the Quang Nam People’s Committee, stated that the province has asked relevant departments and localities to report on delayed and wasteful projects.

The province’s position is to create the most favorable conditions for investors to complete projects in line with legal regulations, he noted.

Vo Minh Khoa, vice president of the Khanh Hoa Real Estate Brokers Association, assessed that applying special mechanisms and policies for 11 previously stagnant projects marks a major step forward, benefiting not only investors but also the entire real estate market in the locality.

“These include housing, urban area, and resort projects. Once implemented, they will generate jobs, boost local revenue, and promote a more transparent and sustainable real estate market in Khanh Hoa. In addition, banks and investment funds will have the basis to extend credit and disburse funds,” he added.