The Phuong Mai Bay Resort project spans over 30 hectares and is envisioned as an international-standard integrated resort, tourism, and entertainment complex, boasting a breathtaking beachfront location within the Nhon Hoi Economic Zone. Photo: Truong Dinh.
As observed by our reporters, the investor has commenced work on certain components, including perimeter walls, gates, a management office, and internal roads. However, some sections of the walls and gates are damaged, and the interior of the project site remains a vast, desolate stretch of sand. Photo: Truong Dinh.
Recently, the Management Board of Binh Dinh Province’s Economic Zone issued a decision to halt the project’s operations for a period of one year. This decision was made due to the investor’s failure to comply with the approved investment plan and their repeated violations, despite prior administrative penalties. Photo: Truong Dinh.
The Phuong Mai Bay Resort project is being developed by Phuong Mai Bay Joint Stock Company. The Binh Dinh Provincial People’s Committee approved the investment proposal for this project on September 10, 2018, with adjustments made in September 2021. Photo: Truong Dinh.
The project site remains a vast expanse of white sand. Photo: Truong Dinh.
According to the decision by the Binh Dinh Provincial People’s Committee, the project was scheduled to complete investment, construction, and environmental procedures from July 2018 to December 2021. From December 2021 to December 2022, the infrastructure and Villa Zone 01 were to be constructed. Photo: Truong Dinh.
From December 2022 to December 2023, Villa Zone 01 was to be operational, with Villa Zones 02 and 03, Hotel Zones A and B, and some entertainment facilities to be developed. From December 2023 to July 2024, all components were to be completed and operational. Photo: Truong Dinh.
However, as of the date of the administrative violation record (May 19, 2023), Phuong Mai Bay Joint Stock Company had not completed the necessary investment preparation procedures, nor had they finished constructing the infrastructure or Villa Zones 01, 02, and 03, along with other components as per the scheduled progress. Photo: Truong Dinh.
In a conversation with our reporters, Mr. Cao Thanh Thuong, Deputy Head of the Management Board of Binh Dinh Province’s Economic Zone, shared that the company has not shown any recent activity. The project is currently on hold, awaiting the expiration of the stipulated time frame for handling and revoking the project as per legal regulations. Photo: Truong Dinh.
The only two structures within the project site. Photo: Truong Dinh.
After six years, the luxury resort project remains a white sand expanse, with only two structures in place. Photo: Truong Dinh.
Recently, at the 20th session of the Binh Dinh Provincial People’s Council for the 2021-2026 term, delegates questioned the prolonged delays in the completion of projects that had been licensed and commenced years ago, despite repeated reminders from the province.
Mr. Le Hoang Nghi, Director of the Binh Dinh Department of Planning and Investment, shared that the department has been working with relevant units to review projects in the province. From 2020 to 2024, the province has terminated and revoked 97 projects.
The Korea Land & Housing Corporation’s Visionary Venture:
“A Grand Urban-Industrial Symphony in Binh Dinh”
On December 4th, at the Provincial People’s Committee office, Chairman Pham Anh Tuan met with a delegation from the Korea Land & Housing Corporation, led by Mr. Lim Hyun Seong, Executive Director and Head of the company’s Hanoi office. The delegation was in Binh Dinh to explore investment opportunities and potential collaboration with the province.
The Magic of the Lantern Festival: Illuminating the Night and Welcoming Spring’s Eve
With just two months to go until the Lunar New Year 2025, it’s a bustling time for gardeners in Binh Dinh province’s Tet daisy flower villages as they tend to their flowers, pruning buds and staking plants to ensure a vibrant display for the upcoming holiday season.
The Art of the Pen: Crafting Words that Win
“Ngân Tín Quy Nhơn: Unveiling a Visionary Urban Project in Bình Định, with a Capital of nearly 300,00 Billion VND”
Mr. Nguyen Tuan Thanh, Vice Chairman of Binh Dinh People’s Committee, has signed a decision to approve the auction results for land use rights for the Tay Nam Nhon Ly Urban Area project in Quy Nhon City.
The Art of Crafting a Winning Bid: “Ngân Tín Quy Nhơn Wins the Auction for the Binh Dinh Urban Project”
Mr. Nguyen Tuan Thanh, Vice Chairman of Binh Dinh Provincial People’s Committee, has signed a decision to approve the auction results for land use rights for the Tay Nam Nhon Ly Urban Area project in Quy Nhon City.
The Pig Farm: Unveiling Thagrico Binh Dinh’s $80 Million Venture with an Expanded Footprint and Extended Timeline
The People’s Committee of Binh Dinh province has recently approved a high-tech pig breeding farm investment project in Dai Khoan village, Cat Lam commune, Phu Cat district.
