Vân Phong Economic Zone. Photo: Chinhphu.vn
On September 10, 2025, the Management Board of Economic Zones and Industrial Parks of Khanh Hoa province issued a decision approving the investors of two projects: the Tu Bong New Urban Area and the Dam Mon New Urban Area.
The consortium of Phu Quoc Sun Joint Stock Company and Halong Sun Limited Company is the investor of both projects, with a total investment capital of up to VND 68,000 billion.
Both projects were selected in accordance with Resolution No. 55 dated June 16, 2022, of the National Assembly on piloting some special mechanisms and policies for the development of Khanh Hoa province.
The Dam Mon New Urban Area project has a total investment of nearly VND 26,000 billion and is located in Dai Lanh commune, Khanh Hoa province (belonging to Van Phong Economic Zone). The project has a land use scale of over 1,440 hectares. The expected population size of the project is 28,540 people.
The project includes service, tourism and resort, and accommodation facilities; public infrastructure works… The preliminary housing product structure of the project includes 791 terraced houses, 592 villas, 858 apartments, and 352 social houses.
The project has a duration of 50 years from the date the investor is decided to be allocated land, leased land, or permitted to change the land use purpose. The project implementation period is from the second quarter of 2025 to the fourth quarter of 2034.
The Tu Bong New Urban Area project has a total investment of over VND 43,000 billion, located in Van Thang commune, Tu Bong commune, and Dai Lanh commune, Khanh Hoa province. The project has a land use scale of over 2,579 hectares. The expected population size of the project is 74,700 people.
In addition to service, tourism and resort, and public infrastructure items, the project will have 1,002 terraced houses, 609 villas, 3,812 apartments, and 1,130 social houses.
The project has a duration of 50 years from the date the investor is decided to be allocated land, leased land, or permitted to change the land use purpose. The project implementation period is from the second quarter of 2025 to the fourth quarter of 2034.
Phu Quoc Sun Joint Stock Company is the direct investor and manager of the cable car and sea entertainment complex on Hon Thom Island (Phu Quoc), also known as Sun World Hon Thom Nature Park. The project has been in operation since 2018, with the most prominent work being the cable car with a total length of nearly 7,900 meters, certified as the world’s longest three-wire cable car.
In late December 2023, the company launched many entertainment works in Sunset Town, including the Kissing Bridge, a night market by the sea, and the “Kiss of the Sea” show, which attracted many tourists.
Meanwhile, Halong Sun Limited Company is the investor of the Sun World Ha Long tourism and entertainment complex (Quang Ninh).
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