2. Sun Group To Build 70 Floor Building Downtown Da Nang Complex.
From the fourth quarter of 2025 to the fourth quarter of 2035, Sun Group will develop the second phase of the Da Nang Downtown project in Hoa Cuong Ward, Da Nang City. Invested by Asia Park Company Limited (a subsidiary of Sun Group), the project is strategically located on Phan Dang Luu Street, near key roads such as 2/9 Street and Nui Thanh Street, with its eastern side facing the Han River and close to major bridges like Nguyen Van Troi, Dragon, and Tran Thi Ly.
Phase 2 will feature a riverside commercial zone, a high-rise hotel, a mixed-use complex, an opera house, and a game area. The highlight will be a 70-storey mixed-use tower on a 1.6-hectare site, set to become a new landmark for Da Nang. It will house serviced luxury apartments, 4–5 star hotels, and a five-storey podium with a shopping mall and art exhibition space, making it the tallest building in Central Vietnam.
Source: cafebiz.vn
3. The Owner Of Hiyori Building, Which Is 100% Japanese-Owned, Is Authorized To Manage And Operate The Condominium.
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On August 7, 2025, the Da Nang Department of Construction, led by Director Nguyễn Hà Nam, issued an official notification confirming that Sun Frontier Vietnam Co., Ltd., the developer of Hiyori condominium (a 100% Japanese‑funded project), is now formally qualified and authorized to manage and operate the residential building.
This approval grants them the legal ability to oversee building operations—from maintenance to resident services—for a period of 5 years from the date of issuance. The notification was based on a submitted application, accompanied by a list of management staff who all hold professional certification in condominium operation, issued June 18, 2025
Source: cafef.vn
4. Simultaneously Started 250 Projects And Works With A Total Investment Of About 1,280 Trillion VND.
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To commemorate the 80th anniversary of the August Revolution and National Day (September 2, 1945 – September 2, 2025), Vietnam launched and inaugurated 250 projects nationwide, with a total investment of approximately 1,280 trillion VND. A live online ceremony was held from the central point in Hanoi, connecting 79 locations across 34 provinces and cities. Among the projects, 89 were inaugurated and 161 started construction, including 8 national key projects and 46 in Group A, alongside many in Groups B and C.
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These projects span diverse sectors: 59 in transport infrastructure, 57 in industrial construction, 44 in civil and urban development, and others in social housing, education, health care, and agriculture. Funding sources are varied, with 129 projects backed by state capital (478 trillion VND) and 121 from other sources (802 trillion VND), including five FDI projects worth 54 trillion VND. This large-scale mobilization reflects Vietnam’s development priorities and commemorates a historic national milestone.
Source: vneconomy.vn
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5. Sun Group Launches A 52-Trillion-VND Tourism Urban Area Project In Da Nang.
The Ba Na – Suoi Mo Ecological Urban and Tourism Complex in Da Nang has launched its second phase with a massive investment of 52 trillion VND (approximately $2 billion USD). Covering 806 hectares in the Ba Na and Hoa Vang communes, the project aims to transform the area into a premier destination for entertainment, leisure, and work with international appeal. Designed to boost Da Nang’s tourism and economic growth, the development focuses on creating world-class attractions and modern urban spaces.
The project consists of two main components: the Suoi Mo Ecological and Urban Tourism Area at the foot of Ba Na mountain and the expanded Ecological Tourism Area on Ba Na’s mountaintop. The lower zone will feature an amusement park, a high-tech entertainment hub, and lively urban spaces operating day and night. On the mountaintop, the project will add luxury hotels, an indoor entertainment center, themed gardens, an international conference hall, and two new cable car lines, increasing the total to 10. Additionally, it will be seamlessly connected to the Da Nang Free Trade Zone, positioning the complex as a major driver for domestic and foreign investment while boosting the city’s night-time economy.
Source: vnexpress.net
6. Da Nang: Toward A New Regional International Financial-Technology Hub.
On the morning of August 28, the Da Nang Finance and Tech Week 2025 officially opened with the Vietnam Annual Financial Forum under the theme “Connecting Vietnam’s International Financial Center with the Global Financial Network.” Organized by Da Nang’s People’s Committee in collaboration with the Central Policy and Strategy Commission, the forum runs from August 28 to 30 and draws nearly 30 diplomatic missions, 50 international experts, and over 320 delegates representing ministries, local authorities, financial institutions, corporations, banks, and investors. Discussions focus on forging bilateral and multilateral financial cooperation; applying blockchain technology across key economic sectors; enhancing a controlled sandbox for digital assets; and advancing semiconductor development—especially quantum-chip packaging, from research through commercialization. The integrated series of events aims to promote Da Nang’s investment potential and link together finance, blockchain, and semiconductor innovation. With its scale and influence, the Finance and Tech Week is expected to help Da Nang emerge as a new international finance, innovation, and core-tech hub in Vietnam and the broader region, boosting the global standing of Vietnam’s International Financial Center.
Source: baomoi.com
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