Central Vietnam hub Danang eyes partnering with neighboring Hue to develop luxury resort island

By Nguyen Tri, Minh Hue
Sun, March 2, 2025 | 8:33 am GMT+7

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.

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.

Comments (0)
  • Read More
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.

Energy - Tue, September 16, 2025 | 1:44 pm GMT+7

Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers

Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers

Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.

Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7

Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister

Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister

Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.

Economy - Tue, September 16, 2025 | 9:36 am GMT+7

Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry

Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry

The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.

Finance - Tue, September 16, 2025 | 8:00 am GMT+7

E-commerce boom a major driver of Vietnam's packaging paper industry growth

E-commerce boom a major driver of Vietnam's packaging paper industry growth

Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.

Companies - Mon, September 15, 2025 | 10:20 pm GMT+7

Vietnam needs support from UK in developing international financial center: Deputy PM

Vietnam needs support from UK in developing international financial center: Deputy PM

Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).

Finance - Mon, September 15, 2025 | 10:12 pm GMT+7

Vietnam enforces 8% capital adequacy ratio for banks from Sept 15

Vietnam enforces 8% capital adequacy ratio for banks from Sept 15

Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.

Banking - Mon, September 15, 2025 | 10:04 pm GMT+7

Tool for wood traceability management debuts in Vietnam

Tool for wood traceability management debuts in Vietnam

The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.

Companies - Mon, September 15, 2025 | 10:00 pm GMT+7

Sun Group, US Embassy foster aviation-hospitality cooperation

Sun Group, US Embassy foster aviation-hospitality cooperation

Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.

Companies - Mon, September 15, 2025 | 9:54 pm GMT+7

Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1

Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1

Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.

Companies - Mon, September 15, 2025 | 8:10 pm GMT+7

Central Vietnam to have new airport Mang Den

Central Vietnam to have new airport Mang Den

Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.

Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7

Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital

Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital

The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.

Economy - Mon, September 15, 2025 | 2:20 pm GMT+7

Agribank introduces sizable $4.17 bln preferential credit package

Agribank introduces sizable $4.17 bln preferential credit package

Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.

Companies - Mon, September 15, 2025 | 1:32 pm GMT+7

'Precious space' in Vietnam's monetary policy

'Precious space' in Vietnam's monetary policy

The Federal Reserve's continued cuts in 2025, with the most recent in September, are considered a valuable policy "space" for the State Bank of Vietnam (SBV) to maintain low interest rates to support growth without having to worry too much about exchange rates.

Economy - Mon, September 15, 2025 | 10:15 am GMT+7

Vietnam’s central bank sells $1.5 bln to stabilize currency: broker MBS

Vietnam’s central bank sells $1.5 bln to stabilize currency: broker MBS

The State Bank of Vietnam (SBV) intervened in the foreign exchange market by selling approximately $1.5 billion via 180-day cancelable forward contracts from August 25-26, in an effort to ease pressure on the Vietnamese dong, according to a recent report by MB Securities (MBS).

Banking - Mon, September 15, 2025 | 8:04 am GMT+7

Hanoi aims to break ground on $11.4 bln Red River Boulevard & Landscape project by Jan 2026

Hanoi aims to break ground on $11.4 bln Red River Boulevard & Landscape project by Jan 2026

A consortium of “tunnel king” Deo Ca Group and real estate developer Van Phu Invest has been assigned by the Hanoi People’s Committe to prepare an investment proposal for the VND300 trillion ($11.37 billion) Red River Boulevard & Landscape project.

Real Estate - Mon, September 15, 2025 | 7:55 am GMT+7