FVG Group starts work on $28 mln resort complex in central Vietnam hub Danang

Vietnamese developer FVG Group on Wednesday broke ground on its VND750 billion ($28.43 million) Nam Hoi An Fivitel Hotel and Fivires Resort project as part of its strategy to develop high-end tourism infrastructure on the Hoi An-My Son-Dong Giang Heaven Gate heritage route in central Vietnam.

The commercial, resort and tourism complex project is located within the Nam Hoi An Tourism Urban Area in Duy Nghia commune, Danang city. It is expected to be completed by 2026.

The site features natural landscapes, convenient transportation, and direct connection to the center of Danang as well as key tourist attractions in the area. It includes 380 rooms built to four or five star standards.

Nam Hoi An Fivires Resort is a five-star resort with 140 rooms, including villas and synchronous commercial-entertainment services. The total investment is VND423 billion ($16.03 million).

Meanwhile, Nam Hoi An Fivitel Hotel will have four-star standard with 12 floors, 240 rooms, and total investment of VND327 billion ($12.39 million).

Nguyen Anh Tan, chairman of the board of directors at FVG Group, said that the groundbreaking lays the first bricks for the company's 2025-2030 strategy: creating high-quality tourism infrastructure along the Hoi An-My Son-Dong Giang Heaven Gate heritage route.

Hoi An is an ancient town, while My Son is a sanctuary dating from the 4th to the 13th centuries CE. My Son is located in the mountainous border Duy Xuyen district of Quang Nam province, now part of Danang after their merger.

Located in Dong Giang district of Quang Nam, Dong Giang Heaven Gate is an attractive destination thanks to the majestic natural landscapes of Truong Son mountains and the Co Tu ethnic group's unique culture.

Phan Thai Binh, Vice Chairman of the Danang People's Committee, noted that the project expands the development space to the east of Danang, while reaffirming the position of the city as a service and tourism center after the merger between Quang Nam and Danang.

The project aims to develop over 1,000 four or five star rooms by 2030, serving at least 2 million guests each year.

The highlight of the project is its strategy of "retaining tourists longer", developing additional services such as night markets, Thu Bon River cruises, and unique cultural shows like "Champa Dance" and "Dance of the Great Forest".

"With the support of pioneering enterprises like FVG, we believe that the project will contribute to realizing the vision of making Danang a leading attractive destination in the region, associated with a unique chain of cultural and heritage values," Binh told the groundbreaking ceremony.

FVC was established in 2025. The Danang city-headquartered company's core business lines are tourism services, construction, and real estate.

Another developer, Regal Group, on Tuesday broke ground on the Regal Complex - one of the six key mega-projects that saw construction commence in Danang city on occasion of Vietnam's 80th Anniversary of National Day (September 2).