Sun Group starts work on first project at Danang Free Trade Zone

Vietnam's leading developer Sun Group on Wednesday broke ground on an infrastructure development project at the Danang Free Trade Zone, the first project in the Danang city-based zone.

The project will develop infrastructure for the Functional Area No. 5 of the zone.

Danang Free Trade Zone (FTZ), located in central Vietnam, is the country's first, officially established under a prime ministerial decision issued in June 2025.

The FTZ spans 1,881 hectares across Hai Van ward, Ba Na commune, and Hoa Vang commune. It is divided into seven functional areas focusing on manufacturing, logistics, commerce and services, digital technology, IT, and innovation.

On June 22, at the official announcement ceremony for the FTZ’s establishment, Sun Group signed an MoU to invest in Functional Areas 5, 6, and 7, totaling approximately 645 hectares.

On August 26, the Danang People's Committee approved Sun Group as the first investor in the FTZ, allowing the corporation to develop commercial-service infrastructure at the Functional Area No. 5, located at the foot of Ba Na Mountain in Ba Na commune.

As the first licensed investor in the Danang FTZ, Sun Group plans to develop a unique complex of wellness tourism, eco-tourism, high-end resorts, health and medical retreats, duty-free shopping centers, and premium retail and lifestyle services, offering a luxurious living and shopping experience that meets international standards.

Notably, the project will also pioneer new policies and mechanisms in Vietnam for pharmaceuticals and healthcare services, marking the first national pilot in this domain.

On the same day, Sun Group broke ground on the second phase of a massive entertainment, hospitality and tourism complex in Danang's Ba Na, with a total investment of VND52 trillion ($1.97 billion).

The Ba Na-Suoi Mo Ecological Tourism and Urban Complex project spans 806 hectares across Ba Na and Hoa Vang communes. It includes two main areas: the Suoi Mo eco-urban zone at the foot of Ba Na Mountain and the ecological tourism zone at the summit.

The Suoi Mo area will feature several themed zones, including a large-scale amusement park (water park, thrill rides, family attractions), and a high-tech entertainment park (space-themed adventure games, 5D cinemas, VR experiences, and futuristic exhibits).

The highlight of the project is a mixed-use urban development offering diverse residential options, along with a luxury resort and a 294-hectare golf complex, featuring high-end villas surrounding a state-of-the-art 36-hole golf course.

In this phase, Sun Group will also begin construction on a major entertainment and hospitality complex featuring 2,500 five-star rooms, a multifunctional performance hall, an indoor theme garden, and a convention center, with a total investment of VND20 trillion ($758.44 million).

Also on Wednesday, the group launched construction of Ba Na Cable Car Line No. 9, stretching 5,879 meters one way, with 154 cabins and a capacity of 2,900 passengers per hour.

On July 1, 2025, Danang city and its neighboring Quang Nam province were merged to form the new Danang city.