Da Nang starts construction of Da Nang Downtown project, total capital of nearly 80,000 billion VND

DNO - On the morning of August 19, Sun Group and the People's Committee of Da Nang City held a groundbreaking ceremony for the Da Nang Downtown high-end cultural, entertainment, commercial and service park complex project at 1 Phan Dang Luu, Hoa Cuong Ward.

Standing Vice Chairman of the City People's Committee Ho Ky Minh spoke at the groundbreaking ceremony. Photo: HUY QUE

Attending the event were comrades: Governor of the State Bank of Vietnam Nguyen Thi Hong; Major General Le Ngoc Hai, Commander of Military Region V; Standing Deputy Secretary of the City Party Committee Nguyen Dinh Vinh; Chairman of the Vietnam Fatherland Front Committee of the city Le Tri Thanh; Standing Vice Chairman of the City People's Council Tran Phuoc Son, Standing Vice Chairman of the City People's Committee Ho Ky Minh.

Speaking at the groundbreaking ceremony, Permanent Vice Chairman of the City People's Committee Ho Ky Minh said that Da Nang is on a journey to strongly develop itself to affirm its position as the leading center of tourism , trade, services and entertainment in the region.

Chairman of the Central Region of Sun Group Nguyen Van Binh spoke at the ceremony. Photo: HUY QUE

In just 7 months of 2025, Da Nang welcomed more than 10.7 million overnight guests (up 18%), of which international visitors were more than 4.2 million (up 21%). The goal of welcoming more than 17 million visitors this year is completely feasible.

Delegates press the button to start the project. Photo: HUY QUE

In the development picture of Da Nang tourism, the Da Nang Downtown high-end cultural, entertainment and commercial service park project owns a prime location, a connecting center with diverse entertainment - recreation - resort experiences, will become a vibrant destination, contributing to awakening the potential of the night economy, creating attraction for city tourism.

With the methodical planning and experience of investor Sun Group, the city leaders believe that Da Nang Downtown will be a new driving force for development, contributing to the completion of the city's tourism infrastructure. This is also a strong catalyst to promote the service, trade, culture and arts industries to make a breakthrough.

The Da Nang Downtown project was born at the right time to activate new development opportunities, increase the competitiveness of the city's economy and affirm its position as "The most worth-visiting and livable city in Vietnam".

The Standing Vice Chairman of the City People's Committee requested departments, branches and sectors to closely coordinate with investors, creating all favorable conditions for the project to be implemented on schedule, ensuring quality and safety.

At the same time, we hope that people will accompany and support this project so that it can be completed and put into operation soon, becoming the common pride of the city.

Da Nang Downtown Complex covers an area of 76.92 hectares, located in Hoa Cuong ward (former Asia Park), with a total investment of about 79,790 billion VND. Photo: HUY QUE

Mr. Nguyen Van Binh, Chairman of the Central Region of Sun Group Corporation, said that the Da Nang Downtown project will create a new symbol worthy of the position and strength of the new Da Nang, especially helping the city exploit the potential of the night economy to attract domestic and foreign tourists.

Sun Group expects Da Nang Downtown to bring Da Nang tourism to a new level, comparable to leading tourist centers in Asia such as Singapore, Shanghai or Hong Kong.

Sun Group is committed to mobilizing all resources to ensure progress, quality and efficiency, while complying with regulations on construction, labor safety and environmental protection, bringing the project to completion on schedule.

It is known that the Da Nang Downtown complex has a scale of 76.92 hectares, located in Hoa Cuong ward (old Asia Park), with a total investment of about 79,790 billion VND. including: cultural and entertainment park, theater, riverside commercial area, green park by Han River and the 69-storey iconic tower, the tallest in Central Vietnam.

Source: https://baodanang.vn/da-nang-khoi-cong-xay-dung-du-an-da-nang-downtown-tong-von-gan-80-000-ty-dong-3299779.html