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A glimpse of the NovaWorld Phan Thiet project
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The project, under the aegis of Delta-Valley Binh Thuan Limited Company, a subsidiary of Novaland Group (HOSE: NVL), has undergone several adjustments since its initial investment certification in 2009.
This latest revision focuses on three key aspects: reaffirming the investor, updating project objectives, and adjusting the implementation timeline.
Delta-Valley Binh Thuan Limited Company, headquartered in Tien Thanh, Phan Thiet, remains the investor for this endeavor.
The project’s objectives have been refined to focus on the development of a large-scale tourism, resort, and commercial complex. This includes villas, premium hotels, a golf course, a seaside square, a water park, restaurants, sports facilities, and entertainment amenities such as swimming pools, surfing, and camping, catering to the diverse needs of domestic and international tourists.
In terms of timeline, the project is divided into two phases. Phase 1 (2008-2024) witnessed the completion of several components, including infrastructure for the resettlement area, the Movenpick hotel, an amusement park, the golf course, villas, and the seaside square.
Phase 2, spanning from Q2 2024 to Q4 2028, entails continued land compensation and clearance, finalization of the remaining subdivisions, and the official launch of the entire project.
The People’s Committee of Binh Thuan province has mandated strict adherence to regulations pertaining to planning, land, investment, construction, the environment, real estate business, and tourism.
Notably, the project is only permitted to proceed with commercial, service, and tourist accommodation facilities upon fulfilling the prescribed conditions.
This adjustment in investment policy is anticipated to resolve bottlenecks and expedite the transformation of NovaWorld Phan Thiet into a premier tourist destination in South-Central Vietnam.
Thượng Ngọc
– 2:50 PM, June 26, 2025
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