Central Vietnam province plans $15.8 mln high-end resort, tourism complex project

By Nguyen Tri, Hai Yen
Thu, March 13, 2025 | 4:34 pm GMT+7

Vietnam’s central coastal province of Binh Dinh has granted in-principle approval for a VND403 billion ($15.83 million) resort and tourism project.

The project will consist of four main sites in Nhon Chau Commune, Quy Nhon town.

A view of Nhon Chau island commune, Binh Dinh province, central Vietnam. Photo by The Investor/Nguyen Tri.

A view of Nhon Chau island commune, Binh Dinh province, central Vietnam. Photo by The Investor/Nguyen Tri.

The first one, Bai Truoc tourist spot, will feature a high-end resort and hotel with a maximum of 200 rooms. The second one, Gieng Tien-Ban Co Tien spot, will be designated as a sightseeing and food & beverage area, spanning no more than 3,460 square meters.

The third one, Bai Nam tourist spot, is planned as a high-end resort with villas, restaurants, and various amenities. The last one will comprise a central square and sea park, designated for social activities such as festivals, a night market, community-based tourism, and F&B services.

The entire project is scheduled for completion within 42 months from the date of investor approval.

Nhon Chau Island commune, commonly known as Cu Lao Xanh, is located about 30 km from Binh Dinh mainland. Despite its significant potential for economic and tourism development, it remains underutilized. In April 2024, leaders of Binh Dinh province conducted a survey to assess the planning of Nhon Chau commune for tourism development.

According to the provincial tourism department, Binh Dinh welcomed 9.2 million tourist arrivals in 2024, up 83.9% year-on-year. The figure included 93,850 foreign visitors, up 17.3%. The province was estimated to post VND25.5 trillion ($1 billion) in tourism earnings, up 55.4%.

Comments (0)
  • Read More
Foxconn’s Singapore-based subsidiary to invest $18 mln in Vietnam

Foxconn’s Singapore-based subsidiary to invest $18 mln in Vietnam

Ingrasys (Singapore) Pte. Ltd., a subsidiary of Foxconn, will invest $17.96 million in Vietnam-based Fulian Precision Technology Component Company Limited.

Companies - Thu, March 13, 2025 | 3:49 pm GMT+7

Vietnamese dong likely to weaken further: UOB

Vietnamese dong likely to weaken further: UOB

The Vietnamese dong (VND) is likely to weaken further to 25,800 per U.S. dollar in Q2/2025 and 26,000 in Q3, according to Singaporean bank UOB's updated forecasts released on Wednesday.

Economy - Thu, March 13, 2025 | 3:21 pm GMT+7

Pacifico Energy, EDF eye energy investments in Vietnam

Pacifico Energy, EDF eye energy investments in Vietnam

U.S.-based Pacifico Energy (PE) and France’s EDF have expressed strong interest in investing in Vietnam’s offshore wind and nuclear power sectors, respectively, as the country faces rising energy demands to support economic growth.

Energy - Thu, March 13, 2025 | 12:01 pm GMT+7

GS Energy to operate $3 bln LNG power project in Vietnam from 2029

GS Energy to operate $3 bln LNG power project in Vietnam from 2029

South Korea's GS Energy aims to operate the 3,000 MW Long An 1 and Long An 2 LNG-to-power project, with an investment of $3.13 billion, from 2029.

Energy - Thu, March 13, 2025 | 11:52 am GMT+7

VinFast’s EV sales in Vietnam surge 25%

VinFast’s EV sales in Vietnam surge 25%

Vietnam’s largest electric vehicle (EV) manufacturer VinFast reported over 12,500 EVs delivered domestically in February, up 25% from the previous month, despite the traditional Lunar New Year holiday (Tet).

Southeast Asia - Thu, March 13, 2025 | 11:17 am GMT+7

European Investment Bank to continue helping Vietnam per Just Energy Transition Partnership

European Investment Bank to continue helping Vietnam per Just Energy Transition Partnership

The European Investment Bank (EIB), the financing arm of the European Union, will further its cooperation with Vietnam, per the Just Energy Transition Partnership (JETP).

Economy - Thu, March 13, 2025 | 10:58 am GMT+7

Southern Vietnam property market faces liquidity challenges: DKRA

Southern Vietnam property market faces liquidity challenges: DKRA

Real estate sales in Ho Chi Minh City and the surrounding areas faced challenges in the first two months of 2025, mainly due to high prices and the nine-day Lunar New Year holiday.

Real Estate - Thu, March 13, 2025 | 8:27 am GMT+7

Singapore's corporate heavyweights keen on renewable energy projects in Vietnam

Singapore's corporate heavyweights keen on renewable energy projects in Vietnam

Party chief To Lam's Tuesday talks with executives of leading Sigaporean companies show that renewable energy development has caught their strong interest in Vietnam.

Economy - Wed, March 12, 2025 | 11:39 pm GMT+7

Corporate credit demand in Vietnam expected to keep rising this year

Corporate credit demand in Vietnam expected to keep rising this year

Corporate credit demand in Vietnam will remain high in 2025, especially in areas like public investment and manufacturing, which are the country’s key growth drivers this year, experts forecast.

Southeast Asia - Wed, March 12, 2025 | 9:52 pm GMT+7

Green e-commerce in Vietnam still faces challenges

Green e-commerce in Vietnam still faces challenges

While the overall macro policies on environmental protection and sustainable development are creating favourable conditions for green e-commerce in Vietnam, the actual implementation of green transformation still faces numerous challenges.

Southeast Asia - Wed, March 12, 2025 | 9:47 pm GMT+7

Thai government urged to set up 'war room' to tackle US tariffs

Thai government urged to set up 'war room' to tackle US tariffs

The Thai Chamber of Commerce (TCC) is calling on the government to establish a "war room" to address tariff threats from the administration of U.S. President Donald Trump.

Southeast Asia - Wed, March 12, 2025 | 9:40 pm GMT+7

Singapore-Vietnam power export project to conduct sea parameters study in mid 2025

Singapore-Vietnam power export project to conduct sea parameters study in mid 2025

An offshore wind power project for exporting electricity from Vietnam to Singapore is set to deploy the Floating Light Detection and Ranging (FLiDAR) system for wind and metocean measurements in mid 2025.

Energy - Wed, March 12, 2025 | 4:59 pm GMT+7

Korean chaebol Daewoo E&C's Vietnam subsidiary fined for tax errors

Korean chaebol Daewoo E&C's Vietnam subsidiary fined for tax errors

THT Development Company Ltd., under South Korean chaebol Daewoo E&C and the developer of the $1.3 billion Starlake Hanoi urban area project, has been retroactively taxed and fined for tax violations by the Hanoi Tax Department.

Companies - Wed, March 12, 2025 | 4:13 pm GMT+7

Singapore's Sembcorp, Vietnam Becamex to expand VSIP portfolio to 20 industrial parks

Singapore's Sembcorp, Vietnam Becamex to expand VSIP portfolio to 20 industrial parks

Singapore’s Sembcorp and Vietnam’s Becamex, via a joint venture, will add two more Vietnam Singapore Industrial Park (VSIP) projects to its portfolio, raising the total in Vietnam to 20.

Industrial real estate - Wed, March 12, 2025 | 3:12 pm GMT+7

Vietnam, Singapore upgrade ties to Comprehensive Strategic Partnership

Vietnam, Singapore upgrade ties to Comprehensive Strategic Partnership

Party chief To Lam and Prime Minister Lawrence Wong on Wednesday agreed to upgrade the Vietnam-Singapore relationship to a Comprehensive Strategic Partnership during their talks in the city state.

Politics - Wed, March 12, 2025 | 3:06 pm GMT+7

Singapore's YCH Group seeks investment opportunities in central Vietnam port area

Singapore's YCH Group seeks investment opportunities in central Vietnam port area

YCH Group, a leading logistics firm in Singapore, is exploring investment and cooperation opportunities related to strategic projects in the Lien Chieu port area, the central city of Danang.

Infrastructure - Wed, March 12, 2025 | 2:31 pm GMT+7