The project has completed its infrastructure, obtained land use rights certificates, and is now officially qualified for sale according to Vietnamese law as of August 2025.
Strong Tourism Growth in Binh Dinh (Gia Lai) – A Chance for Hot Spring Resort to Make a Difference
With an impressive growth rate, Binh Dinh’s tourism sector welcomed over 9.2 million visitors in 2024 and 6.5 million in the first half of 2025, expected to surpass 10 million by the year’s end. Destinations such as Ky Co, Eo Gio, Hon Kho, and the coastal city of Quy Nhon have become familiar hotspots for travelers. However, Binh Dinh province (old Gia Lai) still faces a shortage of accommodation options and unique resort products, where visitors can stay longer to rejuvenate after their exploration journeys.
Hot spring tourism is an attractive model successfully developed in countries like Japan and South Korea, where the hot springs are not just natural resources but also pillars of the local economy, attracting millions of tourists annually. In Vietnam, the hot spring “onsen” model in some tourist cities, notably at Nui Than Tai in Danang, has also been very successful since its operation. This resort immediately became a unique stop, making Danang tourism more diverse and perfect. However, this model is not easy to implement, as the prerequisite is to have high-quality natural hot springs, a rare and superior form of resource compared to artificial ones.
Meanwhile, the old Binh Dinh (Gia Lai) is fortunate to have Hoi Van hot springs, which locals have long considered a natural health and skincare method. This is the missing piece in the region’s resort map and an excellent opportunity to develop the first authentic hot spring resort model in the land of Vietnamese martial arts. This is the “golden” time for Baia Retreat Hoi Van to emerge, combining three critical factors: a strongly growing market, a lack of unique products, and the rising trend of hot spring vacations.
Baia Retreat Hoi Van – Official Launch in August 2025
Just a 10-minute drive from Phu Cat International Airport and 5 minutes from the North-South Expressway exit, Baia Retreat Hoi Van is conveniently located for tourists to visit and experience during their Binh Dinh exploration tours.
Officially launched in August 2025, the project is not just an ordinary resort town but also contributes to laying the foundation for a new real estate segment – Regenerative Real Estate. The unique identity of Baia Retreat Hoi Van lies in its natural hot springs, with temperatures reaching 80°C, ideal for specialized healthcare activities and comparable to renowned Japanese and international mineral springs. The content of over 20 types of beneficial minerals, including radon, sodium, calcium, magnesium, and sulfur, helps regenerate physical health, supports blood circulation, boosts the immune system, and nourishes the skin.
Project pioneering the era of regenerative real estate.
The project leaves an impression with its architectural symphony blending Japanese onsen style and Champa culture, featuring local materials such as bamboo, wood, thatched roofs, and Cham architectural motifs, designs, and compositions.
The philosophy of “Heritage & Healing” is materialized through premium amenities: a specialized healthcare center, a restaurant with Champa architecture, a luxury hotel, and a vibrant hot spring park. All these elements come together to create a holistic healing journey rooted in heritage for future owners seeking a unique and culturally rich resort experience.
The standout advantage of the hot spring resort model is its ability to serve guests year-round, unaffected by seasonal cycles like beach tourism. Hot spring resorts can operate sustainably for 365 days, less impacted by weather conditions, resulting in stable revenue and more sustainable exploitation potential for investors.
A Rare Masterpiece – Easy to Own
As the first passionate project of Truong Thanh Vietnam Group, Baia Retreat Hoi Van is a unique product in the Binh Dinh (new Gia Lai) market, featuring rare natural characteristics, distinctive utilities and services, and especially legal ownership for long-term possession.
While in provinces near Hanoi, such as Hung Yen and Phu Tho, the price of a villa in projects with hot spring elements usually ranges from 8 billion VND to several million USD, at Baia Retreat Hoi Van, customers can own a hot spring villa starting from just over 4 billion VND, a rare opportunity to own a vacation property in the land of Vietnamese martial arts.
On the occasion of the official launch, the investor offers a special discount of up to 9.5% for early payment, plus an additional 3% (up to 200 million VND) for pioneer transactions. For financing, VietinBank and MBBank are the two accompanying banks, providing a loan package of up to 70% of the product value, with 0% interest and a 24-month grace period for principal payment; customers only need to pay 10% in advance to sign the contract.
Notably, the project applies a leasing commission policy with a revenue-sharing ratio of up to 52%, optimizing profits for owners without direct operation. Additionally, there is a 2-year free management and operation period, along with consulting services provided by Naniwa Issui (Japan) – a brand with over 100 years of experience in operating hot spring resorts in Japan, ensuring international operation standards.
Business Strategy and MKT Development Unit – MAX Thang Long: 1900.1545
Official Distributors:
1. An Quy Hung Real Estate Service Joint Stock Company
Hotline: 0866 36 1616
2. Tam Thien Phuc Comprehensive Investment Service Co., Ltd.
Hotline: 0966 180 504
3. DMH Group Real Estate Service Joint Stock Company
Hotline: 0943 196 161
4. BHS Real Estate Joint Stock Company
Hotline: 088 9999 677/ 0978 942 319
5. Hung Phat Trading and Real Estate Service Co., Ltd.
Hotline: 090 1404 525
6. VV Realty – QNH – GCL Alliance
Hotline: 0908932139/ 1900 06 6879/ 084 791 8181
7. DK LAND Real Estate Service Joint Stock Company
Hotline: 058 8818 686
8. Center Home Co., Ltd.:
Hotline:038 9999 500/ 0903 601 901
9. GHI – Fami Land – TLC Land Alliance: 089 6900 888
The Final Month of 2024: 16 Off-Plan Projects Launched Across 9 Provinces
According to data from local construction departments: in December 2024, there were 16 projects with a total of 5,084 units eligible for the sale of future residential developments in nine provinces and cities. Notably, social housing projects accounted for half of these developments, with eight projects comprising 2,667 units.
The Nearest Airport is Just 10km Away, This Locale is on the Verge of Becoming a City
Over 6 trillion VND is expected to be invested in the development of technical infrastructure and the renovation and beautification of urban areas.
The Ultimate Escape: A Sneak Peek into the $75 Million Tourism Project Now on Hold
The $75 million Phuong Mai Bay Resort project was expected to be operational this year. However, it currently exists only as an empty plot of sand, and the Binh Dinh Province Economic Zone Management Board has decided to halt all activities related to the project for a year.
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.
