FPT Nha Trang Tech City Master Plan
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The project covers an area of 50.6 hectares. Of this, over 81,680 square meters (16.14%) is allocated for scientific research facilities; nearly 174,257 square meters (34.44%) for residential areas; 67,945 square meters (13.43%) for social infrastructure; 6,770 square meters (1.34%) for commercial and service areas; and the remaining 175,272 square meters (34.65%) for technical infrastructure. The projected population is approximately 20,000 people.
In terms of investment scale, the project plans to establish an AI research and training center spanning 81,680 square meters and ranging from 3 to 13 stories in height. It will also construct 900 low-rise residential units, including villas and adjacent houses, across a total area of 90,645 square meters. Additionally, approximately 8 blocks of high-rise apartments are envisioned to provide 3,600 units over 48,582 square meters, with 1-2 basement levels and 15-20 stories above ground. The development also incorporates office spaces and a mixed-use commercial and service center for lease, measuring 6,770 square meters with 1-2 basement levels and 15 stories above ground.
The projected total investment for the project exceeds VND 9.29 trillion, equivalent to over USD 384 million. Of this, the investors’ contribution is nearly VND 1.4 trillion (nearly USD 58 million), accounting for about 15% of the total investment. The remaining amount of nearly VND 7.9 trillion (over USD 326 million) will be sourced through loans from credit institutions and other legal capital mobilization channels.
Out of the nearly VND 1.4 trillion that the investors are required to contribute, FPT Software Company Limited is expected to contribute nearly VND 1.2 trillion (85%), while FPT Danang Urban Joint Stock Company will contribute over VND 209 billion (15%). The investors will make contributions and mobilize capital in alignment with the project’s progress.
The project is scheduled to be implemented over a 12-year period from the date of approval of the investor selection results, expectedly from Q2 2025 to Q4 2037. This timeline includes investment and land preparation procedures from Q2 2025 to Q2 2028; construction and commissioning of the urban technical infrastructure from Q2 2028 to Q2 2034; construction and operation of the AI research center from Q2 2029 to Q2 2034; and construction of the townhouses from Q1 2029 to Q1 2037.
Regarding the investment proposal consortium, FPT Software Company Limited is headquartered in Hanoi, with Mr. Pham Minh Tuan serving as both General Director and legal representative. Mr. Tuan was appointed as Vice President of FPT Corporation (HOSE: FPT) on March 13, 2024, and concurrently holds the position of General Director of FPT Software, a key member of the FPT technology group.
Meanwhile, Mr. Nguyen Van Loc (born in 1972) serves as the General Director and legal representative of FPT Danang Urban Joint Stock Company. FPT Danang Urban is known as the investor of the FPT City Danang project, spanning over 181 hectares. Additionally, Mr. Loc is also the legal representative of another FPT subsidiary, FPT Hi-Tech Park Development Company Limited.
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