Vingroup plans to build Tuan Chau Park opposite the tourist hotspot Ha Long Bay with an investment of VND1.3 trillion (US$49 million), expected to commence operation in mid-2027.
The project is located in Quang Ninh Province near several key transport routes such as the Ha Long-Van Don expressway, according to a company disclosure to the government, as shown in an environmental impact assessment report which is being reviewed by relevant agencies.
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Ha Long Bay. Photo by Unsplash/Marina Lobato |
The park spans 620 hectares, including a theme park area designed for kite-flying, camping and sightseeing. It also includes a sports-themed zone, a bird conservation zone, and a wellness center.
Vingroup, the largest private company in Vietnam, is set to contribute VND200 billion of its own fund into the project with the rest borrowed from banks.
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The planned layout of Tuan Chau Park. Photo from an environmental impact assessment report on the project |
The project is expected to begin land acquisition from the first quarter of 2026, with operations set to start from the second quarter of 2027.
The park will be adjacent to Ha Long Xanh, the largest urban residence project of Vingroup with a total investment of VND457 trillion (US$17.3 billion).
Ha Long Xanh construction began in October 2021 and is set to be completed in 10 years.
It will provide 55,000 real estate products, including apartments, condotels, shophouses, villas, and hotels, accommodating a population scale of more than 244,000 people.
