The Shining Investment in the Pioneer Coastal Economic Zone

Vân Đồn: Leading the Way Towards Vietnam’s First Special Economic Zone

The Vietnamese government has been strategizing to develop several key coastal economic zones into large special economic zones, with a focus on Vân Đồn (Quảng Ninh), Bắc Vân Phong (Khánh Hòa), and Phú Quốc (Kiên Giang). These areas have quickly become attractive destinations for long-term investments, boosting regional economic growth.

Among these, Vân Đồn is closest to achieving the goal of becoming Vietnam’s first special economic zone. This is evident through the Prime Minister’s issuance of Decision No. 759/QĐ-TTg, approving the proposal for administrative reforms at all levels nationwide, which includes the development orientation for Vân Đồn. Previously, in Directive 10/CT-TTg in 2025 on promoting small and medium-sized enterprises, the Prime Minister directed the research on new incentive mechanisms for special economic zones. More recently, during the 9th session, the Prime Minister emphasized the creation of special policies for border economic zones, free trade zones, and potential economic zones such as Vân Đồn.

Vân Đồn serves not only as a strategic center for the Northeast region but also plays a pivotal role in regional economic corridors such as the “Two Corridors, One Belt” Vietnam-China, Nanning-Singapore, and expanded Gulf of Tonkin cooperation. With its comprehensive infrastructure, including an international airport, cross-provincial expressway, and deep-water seaport, Vân Đồn is attracting significant international investment and tourism.

Aligned with the central government’s orientation, Quảng Ninh province has made substantial investments in technical infrastructure and attracted social resources to develop key projects, forming a solid foundation for Vân Đồn’s progress. Currently, there are over 60 projects in the area utilizing non-budgetary capital, with a total registered capital of approximately VND 63,000 billion. Many critical projects have been completed or are in the process of completion, such as Vân Đồn International Airport, Vân Đồn-Móng Cái Expressway, Ao Tiên International Port, Wyndham Garden Sonasea, Angsana Quan Lạn Hạ Long Bay Resort, and Phương Đông Wonder Island. These projects are transforming the island district and driving up property values, attracting both domestic and foreign investors. Additionally, the establishment of the special economic zone is enhancing the potential for tourism, resort, and service development, creating a sustainable appeal for the local real estate market.

Breakthrough Growth Potential

Strategically located at the gateway to the Vân Đồn Economic Zone – Vietnam’s first planned sea-island economic zone to be developed into a modern and smart multi-sector urban area, Phương Đông Wonder Island fully capitalizes on its infrastructure, connectivity, and superior growth potential advantages.

Positioned at the heart of a multi-dimensional trade network, Phương Đông Wonder Island is not only a world-class resort destination but also a hub connecting investment, trade, and international tourism flows. This presents a sustainable profit opportunity and breakthrough growth potential for pioneering investors.

Phương Đông Wonder Island, a “gem” on Bái Tử Long Bay, is becoming a new highlight on Vietnam’s leisure and investment map. With its modern and integrated planning, complemented by a range of world-class amenities, the project not only meets the demands of convenient living but also offers a unique experience of “slow living amidst nature, fast living amidst an entertainment hub.” Here, residents and visitors alike can indulge in a full range of emotions, from peaceful moments to vibrant, energetic spaces.

Designed as a model urban area, Phương Đông Wonder Island boasts a comprehensive range of amenities: a 1.3-hectare commercial center featuring diverse international brands, an international-standard hospital, and a school complex spanning over 2.7 hectares, ensuring a quality educational environment for future generations. The project also impresses with its diverse outdoor ecosystem: a vibrant four-season water park, a bustling 2.3-hectare central square, an inner beach overlooking the majestic Bái Tử Long Bay, a multi-purpose sports center, outdoor BBQ areas, and a dinosaur-themed entertainment park appealing to all ages.

The Solar Living philosophy defines the lifestyle here—a space filled with vibrant energy, modernity, and dynamism. It caters to young, freedom-loving residents who embrace challenges and embrace life to the fullest. Additionally, the project strikes a subtle balance between a bustling lifestyle and serene moments, whether at sunrise or romantic sunsets over Bái Tử Long Bay.

With its strategic location and well-integrated ecosystem of amenities, Phương Đông Wonder Island presents a “3-in-1” investment opportunity—a place to live, work, and play. Each product is not just a home but also a strategic asset, promising sustainable double profits over time. This makes it an optimal choice for savvy investors who want to get ahead of the development curve and tap into the prosperity of northern coastal areas.