Binh Dinh: USD 4 billion resort investment attracts the international ultra-wealthy
(VNF) – The Lac Viet Palmer Johnson resort – superyacht tourism project, with investment capital of VND 105,750 billion (equivalent to more than USD 4 billion), aims to attract high-income and international ultra-wealthy visitors.
Khanh Hong
Binh Dinh is calling for investment in major, key projects in the province. In the commerce – services sector there are 11 projects. They include: a cultural, sports, recreation and entertainment complex combined with commerce, services and tourism (Cat Thanh and Cat Hai communes, Phu Cat district), covering 578 ha, with investment capital of VND 8,400 billion;
the Long My municipal solid waste treatment plant using waste-to-energy incineration technology (Quy Nhon City), covering 10 ha, with investment capital of VND 1,500 billion; Phu My Port (My An and My Tho communes, Phu My district), covering 840 ha, with investment capital of VND 1,800 billion; and a polyester fiber recycling complex (Nhon Hoi IP, Zone A, Nhon Hoi Economic Zone), covering 10 ha, with investment capital of VND 16,800 – 24,000…
Binh Dinh is calling for investment in the Lac Viet Palmer Johnson resort – superyacht tourism project (illustration photo).
Notably, there is the Lac Viet Palmer Johnson resort – superyacht tourism project (Phu My and Phu Cat districts), covering 4,360 ha, with investment capital of VND 105,750 billion.
It is known that Lac Viet Palmer Johnson Marina City – Superyacht JSC has sent a document to the Binh Dinh Provincial People’s Committee proposing the investment and requesting permission to survey the project site for the Lac Viet Palmer Johnson resort – superyacht tourism project.
Lac Viet Palmer Johnson Marina City – Superyacht JSC plans to carry out the project within 60 months from the date it is permitted by the competent authority.
According to Lac Viet Palmer Johnson Marina City – Superyacht JSC, the project aims to attract high-income and international ultra-wealthy visitors to use local services, thereby building a high-end tourism brand for the province and the region. The project will create a resort of international stature, contribute to local economic development, and lay the groundwork for turning Binh Dinh province into a global financial center that attracts international investors.
For the polyester fiber recycling complex, the leadership of Syre Group (Sweden) wants to invest in the project with total investment of USD 700 million to USD 1 billion in Binh Dinh.
In renewable energy there are 3 projects: Van Canh wind power (Canh Lien commune, Van Canh district), with investment capital of VND 5,500 billion; Hon Trau Wind Power Plant – Phase 1 (Phu My and Phu Cat districts), with investment capital of 115,200; and Vinh Thuan Wind Power Plant (Vinh Thuan commune, Vinh Thanh district).
It is known that the Hon Trau wind power project, which PNE Group (Federal Republic of Germany) has registered to develop in Binh Dinh, has a capacity of 2,000 MW and is divided into three phases. On 5 March, when working with Binh Dinh provincial leaders, PNE Group said that over the past 6 years it has worked hard to pursue the Hon Trau project, which demonstrates its strong determination to implement the project in practice. What the Group hopes to see confirmed soon are the necessary legal procedures and the electricity price, so that the project can proceed…
For the Vinh Thuan Wind Power Plant project, in January 2025, WPD Group (Federal Republic of Germany) held a working session with Binh Dinh province.
Accordingly, WPD Group said that since July 2024 the company has been measuring wind in Vinh Thuan commune, Vinh Thanh district, and has also collected wind data at several areas where wind power projects have been implemented in Binh Dinh for comparison. The measurements show that Vinh Thuan commune has all the elements needed to invest in wind power.
The company proposes investing in a wind power plant with a capacity of 143 MW, total investment of about VND 4,600 billion, and a land-use area of about 48 ha for a fixed term.
It is expected that from now to July 2025 the company will strive to obtain official wind measurement data, and that by early 2026 all technical factors will be fully assessed so that the project feasibility study report can be submitted to the Provincial People’s Committee and the Ministry of Industry and Trade for consideration.
In real estate there are 7 projects. They include: the Phu Hoa Lake Urban – Tourism – Culture – Sports Area (Quy Nhon City), covering 286 ha, with investment capital of VND 18,190 billion; and the Hoai My Industrial Park (Hoai My commune, Hoai Nhon town), covering 588 ha…
There are also 4 projects investing in and operating the infrastructure of industrial clusters: Trung Hiep (My Chanh Tay commune, Phu My district), with investment capital of VND 364 billion; Trung Thanh (My Quang commune, Phu My district), VND 468 billion; Cat Hiep (Cat Hiep commune, Phu Cat district), VND 284 billion; and Cat Hanh (Cat Hanh commune, Phu Cat district), VND 370 billion. These projects cover 50–75 ha each.
