Recently, the People’s Committee of Da Nang City issued Decision No. 2915/QĐ-UBND on December 9, 2025, approving the investment policy and investor for the Harmonia Bay Da Nang Commercial and Residential Complex project in An Hai Ward.
Specifically, the city’s People’s Committee has approved Blue Land Investment Joint Stock Company (CTCP Đầu tư Blue Land) as the investor to execute the project.
With a total investment capital of nearly VND 1.73 trillion, the project spans 27 floors above ground and 3 basement levels, featuring 299 high-end apartments designed to accommodate approximately 740 residents across an area of over 2,600 square meters.
The project aims to develop a modern, civilized residential complex combining commercial housing with integrated social infrastructure. The apartments will be sold to local buyers, excluding foreign organizations and individuals.
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Additionally, the project will increase housing supply, address the growing demand in An Hai Ward, and contribute to local economic development.
The Da Nang People’s Committee requires Blue Land to complete all necessary procedures related to planning, construction, land, investment, and environmental compliance in accordance with Vietnamese law. The company must also deposit a guarantee fund or secure a bank guarantee to ensure project implementation, as mandated by the 2020 Law on Investment and Decree No. 31/2021/NĐ-CP dated March 26, 2021.
Furthermore, Blue Land is responsible for executing the project according to the approved schedule and content, constructing housing and technical infrastructure as per the detailed planning and investment policy. The company must adhere to design standards, approved apartment sizes, and ensure the project’s synchronization to meet the basic needs of residents.
Established on November 11, 2024, Blue Land Investment Joint Stock Company specializes in real estate and land use rights trading. Initially, the company had a charter capital of VND 955.32 billion, with four founding shareholders: Mr. Tran Xuan Quang and Mr. Tran Duy Ngoc (each contributing VND 9.55 billion, 1% stake), Ms. Tran Thi Hue (VND 457.66 billion, 47.906% stake), and Mr. Tran Van Vinh (VND 478.55 billion, 50.094% stake).
As of the latest update on June 27, 2025, Blue Land reduced its charter capital to VND 920 billion. The company’s legal representatives are Mr. Tran Van Vinh (Chairman of the Board) and Mr. Tran Duy Ngoc (Director).
Mr. Tran Van Vinh also serves as Chairman and CEO of Xuan Quang Construction Joint Stock Company, which specializes in road construction. Its headquarters are located in Group 3, Xuan Truong Commune, Ninh Binh Province.
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