On October 25, 2025, Vietnam’s real estate and industrial infrastructure landscape saw significant developments, with the Department of Construction of Da Nang City unveiling five major real estate projects eligible to mobilize over 22,000 billion VND in private investment capital. On the same day, the Ministry of Finance proposed sweeping amendments to the conditions for investment in industrial park infrastructure, signaling a new era of regulatory clarity and opportunity for both domestic and foreign investors. These twin announcements are poised to shape the country’s economic trajectory in the years ahead, as Vietnam seeks to balance rapid urbanization with sustainable, transparent growth.
According to the Department of Construction of Da Nang City, the five projects, which have met all legal requirements for capital mobilization, represent a diverse and ambitious cross-section of the city’s development strategy. Leading the pack is the Lang Van Tourism and Urban Complex project in Hai Van Ward, spearheaded by Vinpearl Joint Stock Company. This colossal undertaking is permitted to mobilize 16,850 billion VND, out of a total investment capital of 44,000 billion VND. Officially breaking ground in June 2025, the project sprawls across more than 512 hectares. Its location, nestled at the foot of the scenic Hai Van Pass and boasting pristine white sand beaches and dramatic rocky cliffs, has made it a centerpiece in Da Nang’s vision for tourism and urban expansion in the city’s northern precincts.
Close behind is the Thuận Phước New Urban Area project in Sơn Trà Ward, developed by Thuận Phước Urban Investment Joint Stock Company. This project, with a projected total investment of 11,500 billion VND, has been cleared to raise 2,139 billion VND from private entities. The development aims to establish a modern, smart urban area with comprehensive amenities—covering residential, commercial, entertainment, cultural, and tourism needs. Its holistic approach reflects Da Nang’s broader push to become a livable city and a magnet for both local and international residents.
Not to be outdone, the Legend City Danang commercial center, hotel, and apartment complex in An Hải Ward, managed by Vipico One Member Limited Liability Company, has received approval to mobilize 1,764 billion VND. Situated on land lot A20 Võ Văn Kiệt Street, the project covers a land area of 11,487 square meters, with 7,765.8 square meters designated for residential use and 3,829 square meters for commercial services. The ambitious plan includes an 800-unit apartment block and a hotel, with the total construction investment surpassing 2,352 billion VND. The project’s mixed-use character is emblematic of Vietnam’s evolving urban fabric, where residential, hospitality, and commercial spaces increasingly intertwine.
Additional projects greenlit for capital mobilization include the Thủy Tú Tourism Urban Infrastructure Construction project (phase 2) in Hải Vân Ward, led by the Finance and Enterprise Development Joint Stock Company, which can now raise 800 billion VND; and the Tây Bắc Model Urban Area project (phase 1) in Bàn Thạch Ward, under the purview of Tây Bắc Real Estate Trading Joint Stock Company, permitted to mobilize 651 billion VND. Each of these initiatives is expected to inject new vitality into Da Nang’s real estate sector, supporting the city’s growth ambitions and responding to rising demand for high-quality urban living.
Transparency and compliance are at the heart of these projects. The Department of Construction has underscored that both investors and capital contributors must adhere strictly to legal regulations to ensure transparency and safety throughout the mobilization process. According to the department’s guidelines, “Capital mobilization sources must be used properly for housing development and project implementation, not for other projects or purposes.” This requirement aims to ward off speculation and misallocation of funds—a persistent challenge in rapidly developing markets.
Further, should any project or housing unit within a project be mortgaged, the investor is only allowed to mobilize capital after deregistering the mortgage or reducing the mortgaged assets, in accordance with current regulations. The total amount of mobilized capital and the investor’s own equity must not exceed the total investment capital of the project, including land use fees and land rent, as prescribed by land law. These stipulations are designed to keep projects financially sound and protect the interests of all parties involved.
While Da Nang’s real estate sector is abuzz with opportunity, the broader regulatory environment is also evolving. On the same day as the Da Nang announcement, the Ministry of Finance put forward a draft proposal to amend the conditions for investment in industrial park infrastructure. The proposal, as reported by Pháp luật và Xã hội, sets forth a series of conditions aimed at aligning new industrial park investments with national and provincial planning frameworks. Projects must be included in the directory of industrial parks for their respective province or centrally governed city, or be part of an approved economic zone plan.
The proposal stipulates that industrial parks exceeding 500 hectares must be developed in phases, with each phase not exceeding 500 hectares. This phased approach is intended to ensure manageable, sustainable growth and to prevent overextension of resources. For industrial parks seeking to convert rice land to industrial use, two options are on the table: either a uniform cap of 200 hectares per phase nationwide, or allowing provincial People’s Committees to decide the scale, provided it does not exceed 200 hectares per phase. These measures are designed to balance industrial expansion with food security and agricultural preservation.
Additionally, the proposal calls for at least 5 hectares of industrial land, or a minimum of 3% of the total industrial land area, to be set aside for small and medium-sized enterprises, supporting industries, and innovative enterprises. This provision aims to foster a more inclusive industrial ecosystem, ensuring that smaller players and startups have access to production space and are not crowded out by larger, established firms. There are exceptions for eco-industrial parks, supporting industrial parks, specialized industrial parks, and high-tech industrial parks, which are not required to meet this condition.
Other key conditions include compliance with laws on urban and rural planning, the ability to meet requirements for land conversion, and the establishment of housing and public service facilities for workers within or near industrial parks. Projects expanding existing industrial parks must demonstrate that at least 60% of the original park is already occupied and that environmental protection infrastructure is in place.
For investors, the proposal outlines clear benchmarks: they must meet business conditions for real estate, qualify for land allocation or lease, and, if foreign, demonstrate the ability to satisfy all relevant legal requirements. If the investor is selected via a bidding process, evaluation criteria will include capacity, experience, technical standards, and financial-commercial strength, all based on approved project plans and legal regulations.
Taken together, the developments in Da Nang and the Ministry of Finance’s proposed amendments mark a pivotal moment for Vietnam’s urban and industrial future. By tightening regulations, supporting transparency, and fostering inclusive growth, authorities are seeking to chart a sustainable path forward—one that balances ambition with prudence and opportunity with responsibility.
As Vietnam’s cities and industries continue to evolve, these new rules and projects could well set the tone for the next decade of development, shaping skylines and supply chains alike.