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Superyacht builder wants to invest in Binh Dinh

09/04/2025 3 min read Phạm Linh
Superyacht builder wants to invest in Binh Dinh

Palmer Johnson, a world-leading superyacht builder, and the Finance Suisse investment fund want to invest in Binh Dinh and turn it into an ultra-luxury tourism destination.

On 16/1, the Binh Dinh Provincial People’s Committee received Mr. Timur Mohamed, Chairman of Palmer Johnson, and Mr. Roland Staub, Chairman of the Finance Suisse investment fund.

Mr. Timur Mohamed regards Binh Dinh as a rare location with all the elements needed to rise as a leading destination for ultra-luxury yachting in the world, attracting the international elite. The company aims to build an integrated tourism ecosystem, including an international-standard marina, high-end coastal resorts and premium experiential services.

Meanwhile, Mr. Roland Staub believes Binh Dinh has a strategic location and great potential to develop an ultra-luxury tourism model. As Chairman of the Finance Suisse investment fund, he expressed his readiness to support, mobilize international capital and provide strategic advice to help Binh Dinh become a leading destination for the international elite.

One of the superyachts built by Palmer Johnson. Photo: Palmer Johnson

Palmer Johnson, headquartered in Monaco, is a leading designer and builder of sport yachts and superyachts in Europe and the United States with a history of more than 100 years, and is looking for opportunities to invest in ultra-luxury tourism projects that combine yachting culture and resort living.

Finance Suisse is one of the large investment funds with a global network and experience in developing financial services for high-end and ultra-high-end real estate projects in Switzerland, the UK and Dubai.

The two investors have worked with Lac Viet Group, a company with many real estate projects in Quy Nhon and Cat Tien, to survey the site and assess the potential for high-end tourism development, especially in coastal areas with diverse natural landscapes.

Mr. Tong Duc Hieu, Chairman of Lac Viet Group, said this cooperation promises to bring a major turning point to high-end tourism and real estate in the province. Beyond infrastructure development, the investors also aim to shape a premium lifestyle in Binh Dinh, including exclusive services such as yacht clubs, 5-star resorts and high-end cultural and entertainment events.

Binh Dinh provincial leaders and the companies, after signing the memorandum, express their commitment to long-term cooperation and to promoting investment activities. Photo: Binh Dinh Provincial People’s Committee

Speaking with the companies, Binh Dinh provincial leaders supported the vision of turning the province into an ultra-luxury tourism hub.

He also affirmed that the province will continue improving the investment environment, speeding up planning and infrastructure construction, and in particular is committed to supporting international investors with legal matters and incentive policies, and creating favorable conditions to make the vision of Binh Dinh as an ultra-luxury tourist destination a reality.

Pham Linh

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