On October 20, the Da Nang Department of Construction announced a list of housing development projects eligible to raise capital through contributions, investment cooperation, business partnerships, joint ventures, and associations from organizations and individuals since August 2024.
Accordingly, five projects are eligible to raise capital, with a total investment of over VND 22.2 trillion. The Van Village Tourism and Urban Resort Complex project in Hai Van Ward, developed by Vinpearl Joint Stock Company (HOSE: VPL), has the largest capital mobilization at VND 16,850 billion.
Construction is set to begin in June 2025, with a total investment of over VND 43,922 billion and a scale of 512.2 hectares. The project aims to create an international-standard urban resort with low-density accommodation.
Groundbreaking of the VND 44,000 billion project in Da Nang
The new Thuan Phuoc Urban Area in Son Tra Ward will raise VND 2,139 billion. The project covers 97.65 hectares, with a total investment of VND 11,494 billion, developed by Thuan Phuoc Bay Urban Investment Joint Stock Company.
When will the VND 11.5 trillion Thuan Phuoc Sea-Invasion Urban Area in Da Nang break ground?
Vipico Single-Member LLC has been approved to raise VND 1,764 billion for The Legend City Danang project, a commercial center, hotel, and apartment complex in An Hai Ward.
The remaining two projects are the Northwest Model Urban Area – Phase 1 in Ban Thach Ward, with Northwest Real Estate Trading Joint Stock Company raising VND 651 billion, and the Enterprise Finance and Development Joint Stock Company raising VND 800 billion for infrastructure development in the Thuy Tu Tourism Urban Area (Phase 2) in Hai Van Ward.
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List of Projects Eligible for Capital Raising from August 1, 2024 – October 20, 2025
Source: Da Nang Department of Construction
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The Da Nang Department of Construction reminds project developers and capital contributors to strictly adhere to legal regulations to ensure transparency and safety in the capital-raising process.
Notably, if a project or housing within a project is mortgaged, the developer can only raise capital after canceling the mortgage registration or reducing the mortgaged assets in accordance with the law. Additionally, the total raised capital and the owner’s equity must not exceed the total project investment, including land use fees and land rent as per land law regulations.
– 1:11 PM, October 24, 2025
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