As a diversified enterprise with a strong track record in renewable energy projects, TTVN Group boasts a steady and robust cash flow. This financial strength has enabled the group to successfully venture into the real estate industry. With a healthy cash flow, TTVN has the capacity to undertake large-scale projects and ensure their timely completion, regardless of fluctuations in the real estate market.
TTVN Group – Economic Strength and Long-Term Vision in Vietnam’s Real Estate Market
Over the past thirteen years (2012-2025), TTVN Group has successfully developed and operated numerous renewable energy projects across Vietnam, including the Hoa Hoi Solar Power Plant in Phu Yen province, Binh Nguyen Solar Power Plant in Quang Ngai province, Cat Hiep Solar Power Plant in Binh Dinh province, and V1-2 Wind Power Plant in Tra Vinh province. In September 2025, the group is set to commence construction on a $2.6 billion LNG-fired power plant in Thai Binh province, with a capacity of 1,500 MW and an annual output of 9 billion kWh, solidifying TTVN Group’s position as a leading renewable energy enterprise.
With extensive experience in developing and operating renewable energy projects nationwide, TTVN Group ambitiously aims to integrate clean energy into its core business of real estate. The group envisions creating a pioneering line of “Renewable Real Estate” that promotes a healthy and balanced lifestyle for modern communities. Beyond conventional living and vacation spaces, TTVN Group incorporates clean energy technologies in urban management and operations, coupled with nature-inspired therapeutic approaches, to offer customers a holistic wellness experience that nurtures both body and mind.
TTVN Group’s Pioneering Development of a Long-Term Mineral Hot Spring Town in Gia Lai (Former Binh Dinh Province)
Leveraging the rare and valuable Hoi Van mineral hot spring, with water temperatures exceeding 80°C, located just a 10-minute drive from Phu Cat Airport, TTVN Group is crafting a unique and pioneering urban mineral hot spring complex named Baia Retreat Hoi Van. This development is poised to become one of the most distinctive urban mineral hot spring towns in South Central Vietnam.
The township is managed and invested in by Naniwa Issui, a renowned Japanese company with over a century of experience in hot spring development.
Baia Retreat Hoi Van introduces a distinctive “Renewable Real Estate” concept to the Gia Lai (former Binh Dinh) real estate market, seamlessly blending residential, vacation, and specialized healthcare elements. Blessed with rare natural mineral springs, rich in therapeutic and skin-nourishing properties, the township is poised to become a must-visit wellness destination for domestic and international tourists visiting Quy Nhon.
Notably, the project is managed and invested in by Naniwa Issui, a Japanese brand with over a century of expertise in hot spring development. This collaboration ensures efficient operations, sustained occupancy rates, and long-term asset value appreciation.
Baia Retreat Hoi Van Offers Easy-to-Own Hot Spring Villas with Optimal Cash Flow Potential
To maximize the project’s advantages, Baia Retreat Hoi Van introduced a transparent operation policy in early August, assuring investors of a steady income stream. Specifically, the developer commits to leasing back the properties after handover, sharing revenue with a 52%-48% ratio in favor of the investor. This arrangement provides investors with peace of mind and a hands-off approach to property management.
The developer offers a leaseback option with a revenue share of up to 52%
According to Mr. Dang Hong Linh, the project’s business development representative, many investment products in the market promise lucrative cash flow prospects, but not all deliver on those expectations. Baia Retreat Hoi Van, however, presents a feasible and potentially superior investment opportunity by addressing the market’s shortcomings. For instance, each boutique hotel-style property within the project, with an estimated investment of VND 6 billion, can offer up to 10 rooms. Assuming a conservative occupancy rate of 45% per year (approximately 164 days), which is in line with operational hot spring projects, and an average room rate of VND 500,000 per night, the investor’s share of revenue would exceed VND 426 million per year, translating to an expected profit margin of approximately 7.11%. This competitive return on investment is further enhanced by the potential for asset value appreciation over time, especially for long-term ownership of vacation villas in a hot spring setting, a rare offering in the current market.
Notably, with a starting price of just over VND 4 billion for hot spring villas on land plots ranging from 120 to over 160 square meters, and an initial payment of just over VND 400 million (10% of the property value), the project offers attractive payment terms. The developer provides financing of up to 70% over 35 years, with a 24-month grace period for principal and interest payments, making it easier for investors to manage their finances and generate cash flow from the outset. Early birds can also enjoy discounts of up to 9.5%. Furthermore, during the first sale, a deposit of just VND 50 million entitles buyers to an additional 3% discount, equivalent to VND 200 million.
Baia Retreat Hoi Van not only promises high-quality vacation experiences but also presents a comprehensive investment opportunity, offering stable cash flow and the potential for long-term asset value appreciation. This is an opportune time for discerning investors to seize the initiative and capitalize on the market’s new growth cycle.
Proposed Amendment: Recognizing “Households” as Land Users
The Ho Chi Minh City Real Estate Association has proposed a new regulation to be included in the 2024 Land Law. The proposal suggests recognizing “households” as land users, a move that could potentially revolutionize land ownership in the city.
“Experts: Progressive Policies are Only as Good as Their Implementation”
“Vietnam has long been lauded for its progressive reforms, and this is testament to the country’s forward-thinking policies. However, as Oliver Massmann, Managing Director of Duane Morris Vietnam and a veteran legal practitioner in the country for almost three decades, points out, the gap between policy formulation and implementation remains a challenge. The key issue, according to Massmann, is not a lack of new policies, but rather the pace of enforcement. Vietnam’s potential is undeniable, yet to fully unlock it, the country must address the disconnect between its ambitious plans and on-the-ground realities.”
The Birth of a Financial Hub: Ho Chi Minh City’s $7 Billion Vision
The Ho Chi Minh City Financial Center is an ambitious project, spanning the vibrant neighborhoods of Saigon and Ben Thanh (formerly District 1), as well as the thriving Thu Thiem urban area. With a total area of 783 hectares, this financial hub is poised to become a bustling epicenter of economic activity.
The Great Textile Migration: China’s Manufacturing Shift to Vietnam Amid Tariff Turbulence
Shenzhou International Group Holdings, a prominent contract knitter for global brands such as Nike, Adidas, Puma, Uniqlo, and Lululemon, has seen a recent dip in its stock price despite reporting soaring profits for the first half of the year.
“Billion-Dollar Projects: Bac Ninh Attracts Investors for Three Major Developments”
The People’s Committee of Bac Ninh province has approved the selection of investors for three key projects, including two new urban area developments in the former Dinh Bang ward and a new urban and service area spanning the former wards of Khac Niem, Van Duong, and Dai Phuc.
