Vietnam's property major Sun Group starts $1.43 bln urban project in southern Vietnam
Sun Group, one of the top property developers in Vietnam, on Friday broke ground on a VND37 trillion ($1.43 billion) urban area project in the southern coastal province of Ba Ria-Vung Tau.
The development is poised to become one of the largest integrated urban complexes ever undertaken in the province.
Illustration of the $1.43 billion urban area project in Ba Ria-Vung Tau province, southern Vietnam. Photo courtesy of Sun Property.
Spanning 96 hectares in wards 10 and 11, Vung Tau town, the project will include a mix of high-rise apartment buildings, low-rise villas, commercial and serviced complexes, hotels, and a 19-hectare themed water park.
Once completed, it is expected to accommodate around 13,000 residents and welcome up to 11,000 visitors per day.
Strategically situated along 3/2 street, the development borders two central wards of Vung Tau town. The location offers strong connectivity to neighboring Ho Chi Minh City and adjacent provinces via major transport infrastructure, including National Highway 51, the Long Thanh-Dau Giay Expressway, the Bien Hoa-Vung Tau Expressway, and the under-construction Ben Luc-Long Thanh Expressway.
The site is also 60 kilometers from Long Thanh International Airport in Dong Nai province, enhancing its accessibility to both domestic and international visitors.
In the first quarter of 2025, Ba Ria-Vung Tau province received over 4.5 million tourist arrivals and posted VND5.08 trillion ($196 million) in tourism earnings.
Sun City Limited Liability Company, an affiliate of Vietnam’s top real estate developer Sun Group, has received a preliminary in-principle approval from local authorities to build a VND12.75 trillion ($491 million) opera house in Hanoi. The project, named Pearl Opera House and Cultural Theme Park, will span 191,241 square meters in Quang An ward, Tay Ho district.
Sun Group on April 26 broke ground on its Am Tien spiritual and historical tourism complex project in the central province of Thanh Hoa. The $1.35 billion project, covering over 350 hectares in Trieu Son district, is set for completion between 2027 and 2030.
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