Central Vietnam hub Danang eyes partnering with neighboring Hue to develop luxury resort island
The central city of Danang plans to collaborate with its neighboring Hue to develop Hon Son Cha into an eco-resort island exclusive for high-paying and ultra-luxury tourists.
A corner of Danang city, central Vietnam seen from Hai Van Pass.
This collaboration is part of an economic cooperation plan between Danang and provinces in the south central coast, Central Highlands, and the East-West Economic Corridor 2, which was recently approved by Chairman of the Danang People's Committee Le Trung Chinh.
In addition, Danang intends to partner with Hue city to jointly develop other tourist destinations such as Bai Sung Co, Ma Da, and Hai Van Quan.
According to the plan, Danang aims to become one of the largest international tourism hubs, serving as a gateway to the central and Central Highlands regions.
The city envisions linking to Lang Co, Bach Ma, and Canh Duong of Hue in the north, and Dien Ban, Hoi An, and Thang Binh of Quang Nam province in the south, ultimately becoming one of Southeast Asia’s top coastal tourism centers.
Hon Son Cha: A pristine island destination
Hon Son Cha is a small, untouched island located at the foot of Hai Van Pass. From a distance, the island resembles an upside-down pan, which is why it was historically known as Hon Chao by locals.
Located about 10 nautical miles from the mainland, Hon Son Cha rises 235 meters above sea level, featuring steep, towering cliffs. In addition to its clear and blue waters, the island is also known for its pristine, untouched forests.
Earlier, in September 2024, the Government Office announced the conclusion of Deputy Prime Minister Nguyen Hoa Binh, assigning Danang to manage Hon Son Cha and the southern area of Hai Van mountain, while Thua Thien-Hue province (now Hue city) will oversee the northern area of Hai Van mountain.
Investing in connectivity infrastructure
Regarding infrastructure development, Danang will receive investments to build a comprehensive expressway network, including Danang-Thanh My-Ngoc Hoi-Bo Y Expressway, which will connect with Danang-Quang Ngai Expressway.
Additionally, the local government plans to complete La Son-Tuy Loan Expressway and upgrade National Road 14B’s section running through Danang to a six-lane urban main road. National Road 14G will be developed with two lanes, and a bypass around Hai Van will also be built.
The East-West Economic Corridor 2, which connects Laos, Thailand, and Myanmar to Danang via National Roads 14B and 14D, will also be completed, linking the Nam Giang International Border Gate (Quang Nam) with Danang.
Furthermore, Danang will construct a public transportation system (either a metro or equivalent mode of transport) connecting the city with Hoi An (Quang Nam) and Lang Co (Hue).
For rail transportation, it plans to build a high-speed rail line alongside a conventional national railway running parallel to the expressway towards the east. A railway from Danang to Kon Tum province in the Central Highlands, linking with the national North-South railway at the new Danang station, is also planned after 2030.
- Read More
Masan Consumer showcases Vietnamese brands at THAIFEX 2026
Masan Consumer took part in THAIFEX – Anuga Asia 2026, one of Asia's largest food and beverage trade exhibitions, as the Vietnamese consumer goods company seeks to expand its international footprint and promote Vietnamese cuisine to global consumers.
Companies - Tue, June 2, 2026 | 5:12 pm GMT+7
Phu My Hung expands northern Vietnam footprint with eco-urban project near Hanoi
Taiwan-backed Phu My Hung is moving ahead with a large eco-urban project in Vietnam’s northern province of Phu Tho as the developer accelerates its expansion beyond Ho Chi Minh City.
Real Estate - Tue, June 2, 2026 | 4:19 pm GMT+7
HSBC provides sustainability-linked trade facilities to Vietnam's leading modern grocery chain Bach Hoa Xanh
HSBC Vietnam has provided short-term sustainability-linked trade facilities to Bach Hoa Xanh Trading JSC, one of Vietnam’s leading modern grocery chains owned by Mobile World Investment Corporation (HoSE: MWG).
Banking - Tue, June 2, 2026 | 3:09 pm GMT+7
Leading Vietnamese insurer Bao Minh targets $76 mln capital base by 2029
Bao Minh Insurance Corporation (BMI) plans to raise its charter capital to VND2 trillion ($75.96 million) by 2029 and maintain a minimum 15% dividend payout, executives said at the insurer's annual shareholder meeting in Ho Chi Minh City on Monday.
Finance - Tue, June 2, 2026 | 1:57 pm GMT+7
Vietnam's central bank to publish FX purchase, reserve data from 2027
The State Bank of Vietnam (SBV) has committed to publishing data on its foreign currency purchases and foreign exchange reserves starting in 2027, according to a joint statement issued by the Vietnamese central bank and the U.S. Treasury Department.
Banking - Tue, June 2, 2026 | 12:08 pm GMT+7
Antesco raises foreign ownership cap to 49% to attract international capital
Following its listing on the Ho Chi Minh Stock Exchange (HoSE), food processor An Giang Fruit-Vegetables & Foodstuff JSC (Antesco) is stepping up efforts to attract international investors through ESG initiatives and a higher foreign ownership limit.
Companies - Tue, June 2, 2026 | 11:11 am GMT+7
State-controlled Hai Phong Port eyes record profit as major port expansion restores market leadership
State-controlled Port of Hai Phong JSC (UPCoM: PHP) is targeting record earnings in 2026 after new deep-water terminals at Lach Huyen helped the company regain its leading position in the northern city of Hai Phong.
Companies - Tue, June 2, 2026 | 8:30 am GMT+7
Vietnam Education Publishing House promotes Vietnamese knowledge, culture abroad
Vietnam Education Publishing House has launched a “Vietnamese Bookshelf” at the Russia-Vietnam Cultural Center in St. Petersburg, marking a key event during “Vietnam Week” in the Russian city.
Companies - Tue, June 2, 2026 | 7:30 am GMT+7
Vietnam Manufacturing Purchasing Managers' Index hits record high since Feb
The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) rose to 52.8 in May, up from 50.5 in April and reaching its highest since February, just before the outbreak of war in the Middle East.
Economy - Mon, June 1, 2026 | 8:19 pm GMT+7
Brewing Tomorrow: How Carlsberg Vietnam turns sustainability into everyday action at World Environment Day 2026
More than 150 volunteers from Carlsberg Vietnam, including senior leaders, employees, family members, local residents, and representatives from the Embassy of Denmark in Vietnam, joined a beach clean-up activity in Danang as part of the company’s World Environment Day 2026 program, reaffirming its long-term commitment to sustainability and environmental action in Vietnam.
Companies - Mon, June 1, 2026 | 7:20 pm GMT+7
Automakers in Vietnam back E10 gasoline rollout as biofuel goes nationwide
Major Japanese automakers and motorcycle manufacturers in Vietnam have confirmed that most of their vehicles are compatible with E10 biofuel gasoline, as the country has begun nationwide sale of the fuel in a push to reduce emissions and cut reliance on conventional fossil fuels.
Economy - Mon, June 1, 2026 | 4:44 pm GMT+7
VinFast partners with Nvidia, Autobrains to develop level-4 robotaxi system for Southeast Asia
VinFast, the EV arm of Vietnamese conglomerate Vingroup (HoSE: VIC), and AI mobility company Autobrains has announced a strategic collaboration for a next-generation level 4 program for Southeast Asia built on NVIDIA DRIVE Hyperion.
Companies - Mon, June 1, 2026 | 3:56 pm GMT+7
Samsung Thai Nguyen, TTC solar plant become first participants in Vietnam's direct power purchase mechanism
Samsung Electronics Vietnam Thai Nguyen (SEVT) and TTC Duc Hue 2 Solar Power Plant have become the first entities to operate under Vietnam's direct power purchase agreement (DPPA) mechanism through the national grid from June 1.
Companies - Mon, June 1, 2026 | 3:40 pm GMT+7
Aboitiz Foods, Grab seek to expand investments in green agriculture, digital economy in Vietnam
Philippine food and agribusiness group Aboitiz Foods and Southeast Asian technology company Grab are seeking to expand their investments and partnerships in Vietnam in areas including energy, agriculture-food, digital transformation, smart cities, and green transportation.
Economy - Mon, June 1, 2026 | 12:23 pm GMT+7
HCMC metro stations await commercial ecosystem despite growing ridership
More than a year after the launch of its first metro line, Ho Chi Minh City is still working to develop the commercial economic ecosystem that has underpinned the success of urban rail networks in cities like Tokyo and Hong Kong.
Economy - Mon, June 1, 2026 | 12:12 pm GMT+7
Dai Quang Minh proposes $266 mln shipping channel project in central Vietnam hub Danang
Authorities in the central Vietnam city of Danang have granted in-principle approval for the nearly VND7 trillion ($266 million) Cua Lo shipping channel project, under a build-transfer (BT) model.
Infrastructure - Mon, June 1, 2026 | 8:23 am GMT+7





















