FLC okayed to develop $126 mln resort complex in Hoa Binh
FLC Quy Nhon Beach & Golf Resort in Binh Dinh province, central Vietnam. Photo courtesy of FLC Group.
Authorities of Hoa Binh province, about 80 kilometers west of Hanoi, has approved the Yen Thuy golf course, resort and tourism project of FLC Group, a leading property developer in Vietnam.
The project, capitalized at VND2,883 billion ($126 million), will be located across over 150 hectares of Huu Loi commune, Yen Thuy district and has a lifespan of 50 years. It will include a 36-hole golf course, a 5-star hotel, a convention center and resorts.
Of the $126 million in investment capital, more than 15% is equity and the remainder bank loans.
FLC is expected to complete legal procedures for the project before July 2022. Construction is set to take place from August 2022 to the end of July 2026.
The hotel, resort and conference center segment will be put into use from August 2024, while the golf course and ancillary works will be up and running from August 2026.
In Hoa Binh, FLC is also studying two other projects, including the 19.2-hectare Quynh Lam multi-function center project in Hoa Binh town and the 163-hectare Tong Dau eco-tourism urban project in Mai Chau district.
FLC has completed a study for the 981-hectare Thung Nai entertainment, sports, eco-urban and resort complex in the northern province's Cao Phong and Tan Lac districts. Hoa Binh is expected to approve detailed plans for the project in April this year, and it might break ground in June.
FLC Group, listed on the Ho Chi Minh Stock Exchange, is the investor behind many residential buildings in Hanoi via acquisitions. Its other major projects include FLC Samson Beach & Golf Resort in Thanh Hoa province, FLC Quy Nhon Beach & Golf Resort in Binh Dinh province, and FLC Ha Long in Quang Ninh province. The group also owns Bamboo Airways.
- Related News
- Read More
Thai giant Central Retail sells Vietnam electronics business to Pico for $36 mln
Thailand’s Central Retail has announced the sale of its Vietnamese electronics retail business to local retailer Pico Holdings JSC for nearly THB1.14 billion ($36 million), as it sharpens its focus on core businesses in the country.
Companies - Wed, December 24, 2025 | 2:00 pm GMT+7
What should investors reasonably expect from IPO stocks?
Experience from both Vietnam and global markets shows that initial public offering (IPO) stocks rarely deliver immediate gains. However, investors who select companies with solid fundamentals and maintain a long-term holding strategy can be rewarded for their patience.
Finance - Wed, December 24, 2025 | 10:45 am GMT+7
Vingroup completes $325 mln overseas bond issuance
Vingroup, Vietnam's biggest listed company by market capitalization, has completed its international issuance of bonds totaling $325 million, with a 5-year maturity, and listed on Austria's Vienna Stock Exchange.
Finance - Wed, December 24, 2025 | 10:17 am GMT+7
Vietnam's public investment-linked stocks seen benefiting in 2026
Capital flows in 2026 are expected to favor sectors that stand to benefit from Vietnam’s public investment drive, including infrastructure, energy, and construction, market experts said.
Finance - Wed, December 24, 2025 | 9:33 am GMT+7
High gold prices to drive prices of property, goods in Vietnam: Sunhouse chairman
In a scenario where gold prices remain elevated in Vietnam, the real estate market is likely to follow suit, pushing income levels higher and driving up prices across other goods, said Nguyen Xuan Phu, chairman of Sunhouse, a leading home appliance manufacturer, while outlining his 2026-2030 forecast.
Economy - Wed, December 24, 2025 | 8:00 am GMT+7
Malaysia’s economy grows robustly in 2025: IMF
Malaysia has shown notable resilience amid global trade tensions and policy uncertainty, with its economy growing at a healthy pace this year, supported by strong domestic consumption and investment, solid employment growth, and a global upcycle in the technology sector, according to Masahiro Nozaki, Mission Chief for Malaysia at the International Monetary Fund (IMF).
Southeast Asia - Tue, December 23, 2025 | 10:07 pm GMT+7
Indonesia to stop rice imports next year
Indonesia will not import rice for either consumption or industrial use next year, citing sufficient domestic production, according to a government official.
Southeast Asia - Tue, December 23, 2025 | 10:04 pm GMT+7
Indonesia faces challenge of balancing wages, labor costs
Indonesia plans to raise minimum wages by about 5-7% in 2026 under a new formula signed into law by President Prabowo Subianto, a move that could test the country’s cost competitiveness in Southeast Asia.
Southeast Asia - Tue, December 23, 2025 | 10:00 pm GMT+7
Philippines extends sugar import ban
The Philippine Government has decided to extend its ban on sugar imports until the end of December 2026, as domestic supply has improved.
Southeast Asia - Tue, December 23, 2025 | 9:56 pm GMT+7
Duc Giang Chemical stock comes under heavy selling pressure as bottom-fishing shares return
DGC shares of Duc Giang Chemical Group JSC (DGC) closed Tuesday at VND71,600 apiece, down 4% from Monday which saw a 6.27% increase after four sessions of sharp declines last week.
Companies - Tue, December 23, 2025 | 9:49 pm GMT+7
Hanoi clears zoning for major mall project after Aeon exit, Thaco arm steps in
Hanoi authorities have approved a detailed zoning plan for an 8.03-hectare mixed-use site in Hoang Mai district, paving the way for a shopping mall-led development after Japan’s Aeon withdrew and a unit of Vietnam’s Thaco Group moved in.
Real Estate - Tue, December 23, 2025 | 5:05 pm GMT+7
Viettel Commerce partners with China’s Dreame Technology to expand home appliance ecosystem in Vietnam
Viettel Commerce and Import-Export Co. Ltd., one of the core pillars in trade and logistics of the military-run telecom giant Viettel, has signed a strategic cooperation agreement with China-based Dreame Technology, a global high-end technology brand, in Hanoi.
Companies - Tue, December 23, 2025 | 3:38 pm GMT+7
Former LPBank chairman becomes acting Sacombank CEO
Former chairman of Vietnamese private lender LPBank Nguyen Duc Thuy on Tuesday assumed the role of acting CEO at Sacombank, immediately after completing the handover at LPBank.
Banking - Tue, December 23, 2025 | 3:30 pm GMT+7
Workforce shortages accelerate global demand for integrated facility management
Labor shortages and rising expectations for operational performance are prompting many businesses to reassess traditional management models, write Savills Vietnam analysts.
Consulting - Tue, December 23, 2025 | 3:00 pm GMT+7
Property broker Cen Land shares stabilize after ‘Shark Hung’ responds to online rumors
Shares of Cen Land (HoSE: CRE), a major Vietnamese real estate brokerage, stabilized on Tuesday morning after vice chairman Pham Thanh Hung, widely known as “Shark Hung”, spoke out to deny online rumors following a sharp sell-off in the stock on Monday.
Companies - Tue, December 23, 2025 | 11:59 am GMT+7
Party Central Committee’s 15th plenum wraps up
The 15th plenum of the 13th Party Central Committee concluded on Tuesday morning after two days of intensive working, completing all agenda items with a high degree of consensus and quality.
Politics - Tue, December 23, 2025 | 11:50 am GMT+7
