A new project is set to transform the coastal area of Ha Long ward in Van Don district, spanning approximately 299.64 hectares, with 279 hectares of land and the remaining area overlooking the sea. The master plan for this project includes the development of a comprehensive infrastructure for technical and social needs, comprising a high-end urban township, a golf course, and entertainment facilities catering to tourists and residents alike.
The site for the USD 1 billion mega-project in Van Don.
The project will offer a diverse range of housing options, including 236 villas, 257 townhouses, over 2,600 high-rise apartments, and 606 social housing units. Upon completion, the project is expected to accommodate approximately 3,000 guests per day and provide residence for around 9,800 permanent citizens.
Scheduled for development from Q2 2022 to Q4 2030, with an operational duration of up to 70 years from the commencement of operations, this is one of the largest vacation real estate projects in Van Don to date.
The Monbay Van Don complex is anticipated to enhance local tourism infrastructure, boost socio-economic development, and attract further investment to the Van Don economic zone, which is emerging as a prominent destination on the northern tourism and real estate map.
Unveiling the ‘Super’ Project Investor
According to Decision No. 1951/QD-UBND issued by the People’s Committee of Quang Ninh province, Hai Dang Real Estate Investment Company Limited (HDMon Holdings) has been officially appointed as the investor for the Monbay Van Don project. This decision was recently approved and signed by Mr. Cao Tuong Huy, Vice Chairman of the Quang Ninh People’s Committee, in early June 2025.
Decision No. 1951/QD-UBND by the Quang Ninh province, declaring Hai Dang Real Estate Investment Company as the winning bidder.
Notably, Hai Dang Real Estate Investment Company is a subsidiary of HDMon Holdings, previously known as Hai Dang Construction Investment Joint Stock Company (under the HDMon ecosystem). The owner and legal representative of HDMon is Mr. Nguyen Van Thang (aka “Thang Muot”), who serves as the Chairman of the HDMon Holdings Board of Directors.
HDMon Holdings, operational since 1997 and converted into a joint-stock company in 2010, increased its charter capital from ~VND 1,800 billion to VND 3,750 billion in early 2022. It holds significant ownership through its member units, including Hai Dang Real Estate Investment Joint Stock Company, HDMon Van Don Company Limited, and HDMon Villas.
In 2022, the project was initially offered for bidding, but due to a lack of investors meeting the required capacity and experience, the bidding process was canceled. Subsequently, the People’s Committee of Quang Ninh province readvertised for bidding and successfully selected Hai Dang Real Estate Investment Company as the investor through Decision No. 1951/QD-UBND.
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“With years of meticulous infrastructure development and planning, Van Don is emerging as a vibrant and promising special economic zone. This region is now a magnet for both domestic and foreign tourists and investors, offering a wealth of opportunities and a bright future.”
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