Regal Group starts work on luxury trade, residential complex in central Vietnam hub Danang

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).

Tran Ngoc Thai, deputy general director of investment and land fund development at the Vietnamese group, said that the project "seeks to create the first international standard luxury complex in Danang which converges global values and local quintessence".

To realize this vision, Regal Group has partnered with the world's leading companies such as LAVA (Australia), Studio8 (Australia), ONG&ONG (Singapore), DPF, and Palmer Acoustics, which have created many iconic works worldwide.

"Along with global standards, we emphasize the integration of local identity into modern space. Regal Complex is inspired by the intersection between My Khe "Waves" - full of vitality and desire to reach far - and Hoi An "Silk" - soft, delicate and aesthetic.

"These two symbols have become the architectural language of the project, creating a work that is both modern and imbued with the soul of heritage," Thai told the groundbreaking ceremony.

My Khe is considered one of the most beautiful beaches in Asia, while Hoi An is an ancient town and one of the top tourist attractions in Vietnam.

According to Thai, the location of Regal Complex is also a prominent advantage. The project faces Dao Duy Tung, Vo Van Can, and Tran Quoc Vuong streets; lies next to the Co Co River; faces the Tan Tra beach; and is surrounded by resorts, international schools, and high-standard hospitals.

Regal Complex will also enjoy the city's urban infrastructure development when Danang deploys an LRT/MRT railway (light rail transit/mass rail transit) system with routes connecting the airport, the city center, and Hoi An.

In addition to luxury apartments and penthouses, the complex will be home to an international trade center at the base, with a scale of more than 8,000 square meters per floor.

It will accommodate flagship stores of the world's leading brands, appearing for the first time in Danang and opening up a shopping, culinary and entertainment experience comparable to commercial capitals such as Tokyo, Paris, or New York, the executive added.

Nguyen Thi Anh Thi, Vice Chairwoman of the Danang People's Committee, commented that the Regal Complex project has a very special mark.

"The project will bring to Danang for the first time a luxury complex model per international standards, featuring high-class apartments, a modern trade center, and a balanced living ecosystem."

Regal Group was established in March 2011. In late 2024, it became a public company as recognized by the State Securities Commission. The company aims to become a billion-dollar corporation in the period of 2024-2030.

On its website, the group stated that it is focusing on developing three key brands: Regal Homes, Regal Mall, and Regal Hotels.

A resolution on the development of an international financial center in Vietnam was passed by the National Assembly, the country’s legislature, on June 27 and will take effect on September 1.

Accordingly, Vietnam will build one international financial center located in both Ho Chi Minh City and Danang, with unified management and development of separate products based their own strengths.

HCMC in the south is the country's biggest economic hub, while Danang is the heart of the central region in terms of economic and tourism aspects.

The international financial center section in HCMC will house capital markets, banks, currency markets, testing mechanisms (sandboxes) on fintech, innovation in the financial sector, specialized trading floors, and new trading platforms.

The Danang section will develop green finance, apply financial technology, and promote digital services. The city will also test digital assets and digital currencies under control; promote payments; and attract investment funds, remittance funds, and small and medium-sized fund management companies.