On January 6, 2026, the People’s Committee of Lam Dong Province approved Summer Sea LLC to acquire, lease land use rights, and accept capital contributions in the form of land use rights from households and individuals for an area exceeding 2.7 hectares. This approval is for the implementation of the Summer Sea Resort project in Tien Thanh Ward. The agreement must be finalized within 12 months from January 6.
Summer Sea LLC is responsible for completing all procedures related to land transfer, capital contributions, land leasing, and land-use purpose conversion in accordance with regulations. The company must also coordinate with the People’s Committee of Tien Thanh Ward and relevant agencies for guidance on proper documentation.
Who is Summer Sea?
Summer Sea was established in May 2021, with its headquarters in Tien Thanh Commune, former Binh Thuan Province (now Tien Thanh Ward, Lam Dong Province). The company primarily operates in the real estate sector, with an initial charter capital of 20 billion VND. Mr. Nguyen Quang Trung is the owner, Director, and legal representative.
In June 2024, ownership transferred to Mr. Nguyen Xuan Loc (born in 1998), followed by another transfer to Mr. Nguyen Tien Dat (born in 1991) in February 2025.
Mr. Dat increased Summer Sea’s charter capital to 200 billion VND in August 2025, a tenfold increase from its founding. Mr. Nguyen Xuan Loc remains the Director and legal representative of the company.
In addition to Summer Sea, Mr. Nguyen Xuan Loc serves as the CEO and legal representative of Hung Loc Phat Construction and Production JSC and Hung Loc Phat Real Estate Development JSC.
Hung Loc Phat Construction and Production JSC was established in October 2025 with a charter capital of 15 billion VND, comprising six shareholders, with Mr. Loc holding 55% of the capital.
Hung Loc Phat Real Estate Development JSC was founded in July 2018 with an initial charter capital of 20 billion VND and five founding shareholders: Ms. Nguyen Thi Thu Quyen (60%), and Messrs. Nguyen Van Binh, Phung Van Nang, Tran Duy Tien, and Truong Van Tich (each holding 10%). Mr. Truong Van Tich serves as the CEO and legal representative.
In February 2019, the capital increased to 180 billion VND. As of early 2025, Mr. Nguyen Xuan Loc has been the CEO and legal representative. Notably, Mr. Nguyen Van Binh also holds a key leadership position at Hung Loc Phat Real Estate Investment JSC, established in 2009. As of mid-December 2021, its charter capital is 1,650 billion VND, with Mr. Nguyen Van Binh as the CEO, Board Member, and legal representative.
By 2025, Mr. Nguyen Du Luc became the Chairman, CEO, and legal representative.
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Hung Loc Phat Leadership
Source: Hung Loc Phat Group
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According to information published on Hung Loc Phat Group’s website, the Summer Sea project is developed on 14.5 hectares in former Binh Thuan Province, with a total investment of 3,268 billion VND.
Source: Hung Loc Phat Group
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Additionally, Hung Loc Phat invests in projects such as Blue Star in District 7, Ho Chi Minh City, covering 3.7 hectares with an investment of 4,390 billion VND, featuring 1,868 apartments and 5 commercial floors; Detox & Healthy Apartment in Phu My Ward, District 7, spanning 5.3 hectares with an investment of 3,025 billion VND, offering 903 apartments and 5 commercial floors. In South Saigon, projects include Tropical Garden (30 hectares, 7,978 billion VND) and Hung Phat Riverside (24 hectares, 6,382 billion VND).
Hung Loc Phat Real Estate Profits Over 146 Billion After a Year of Losses
– 11:44 09/01/2026
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