Binh Dinh plans 5,200-hectare urban, resort, and super yacht marina area

Binh Dinh has established a 1/2,000 scale zoning plan for urban development, resorts, trade services, tourism and De Gi Super Yacht Wharf. This area has been proposed by businesses for a 4.6 billion USD project.

The area is planned as a space for urban development, resorts, trade services, tourism and De Gi Super Yacht Wharf. Photo: Dung Nhan.

Binh Dinh Provincial People's Committee has just approved the 1/2,000 scale zoning plan for urban development, resorts, trade services, tourism and De Gi Super Yacht Wharf.

The urban development space, resort, commercial services, tourism and De Gi Super Yacht Wharf have a planning research area of ​​about 5,200 hectares.

Specifically, the North borders Phu My Seaport Project and existing residential areas of My Thanh, My Chanh, My Tho communes; the South borders provincial road DT 633 and existing residential areas of Cat Khanh town; the East borders: East Sea; the West borders provincial road DT 639 and existing residential areas of Cat Minh commune (Phu Cat district), My Cat, My Tho, My Chanh communes (Phu My district).

According to the People's Committee of Binh Dinh province, the estimated cost of planning is more than 660 million VND (from the provincial budget), with implementation time within 2 months.

The land area for the Urban Development Space, Resort, Trade and Services, Tourism and De Gi Super Yacht Wharf Project (5,200 hectares wide) is one of 22 projects approved by the People's Council of Binh Dinh province on the list of land areas for bidding to select investors to implement the project on April 28, 2025.

Accordingly, the Department of Finance is the unit assigned to be responsible for organizing the bidding to select investors within 10 months, the implementation period is in 2025 - 2026. The purpose is to invest in the construction of urban areas, resorts, trade services, tourism and marinas in Phu My and Phu Cat districts.

Regarding this planning, at the end of April 2025, the Chairman of Binh Dinh Provincial People's Committee assigned Phu My District People's Committee to urgently adjust the district's construction planning, My Chanh urban master plan and the construction master plan of My Thanh and My Cat communes...; Phu Cat District People's Committee urgently adjusted the district's construction planning, Cat Khanh urban master plan and Cat Minh commune's construction master plan.

The Department of Agriculture and Environment is assigned to urgently research and develop a plan to build a new fishing logistics area to replace De Gi Fishing Port and related relocation projects, regimes and policies. The Department of Culture, Sports and Tourism is in charge of researching and advising on a plan to organize the Binh Dinh Province Yacht Festival in 2025...

“For investors implementing the project, it is required to establish a business headquartered in Binh Dinh province, open an account at a Vietnamese bank and deposit a commitment to implement the project in case it is approved to implement the project,” the Chairman of this province requested.

Regarding the project investor, on March 28, 2024, the People's Committee of Binh Dinh province awarded an investment memorandum to Mr. Tong Duc Hieu, Chairman of the Board of Directors of Lac Viet Palmer Johnson Marine Urban - Superyacht Joint Stock Company with the Luxury Resort and Superyacht Project in the De Gi - Vung Boi area (4.6 billion USD).

Chairman of the Board of Directors of Lac Viet Urban Sea - Super Yacht Joint Stock Company Palmer Johnson received the investment memorandum for the Luxury Resort and Super Yacht Project in the De Gi - Vung Boi area.

Previously, in February 2025, Lac Viet Palmer Johnson Super Yacht - Marine Urban Joint Stock Company sent a document to the People's Committee of Binh Dinh province proposing the project and requesting permission to survey the investment location.

This company proposed to invest in the Lac Viet Palmer Johnson De Gi Resort and Superyacht Project by selecting investors through bidding. The project has a total investment capital of about 105,750 billion VND (4.5 billion USD), of which 30% is contributed capital of investors (equivalent to about 31,725 ​​billion VND), 50% is borrowed capital from banks and credit institutions (equivalent to 52,875 billion VND), the rest is calling for investment from strategic partners.

The implementation period is within 60 months; the operation period is 70 years. The project implementation location includes De Gi lagoon area, part of Phu Cat district; part of Phu My district and Hon Trau island (Quy Nhon city). The total area is about 4,360 hectares.

In a document sent to the province, Chairman of the Board of Directors of Lac Viet Urban Sea - Super Yacht Joint Stock Company Palmer Johnson expected the project to create a unique and attractive destination for the super-rich, including famous businessmen, artists and major investors in the world ; making Binh Dinh province a financial and tourism center with global influence...

Source: https://baodautu.vn/binh-dinh-lap-quy-hoach-khu-do-thi-nghi-duong-ben-sieu-du-thuyen-rong-5200-ha-d283492.html