A $446mln urban area project in Da Nang kicks off

A new urban area project in central Da Nang city kicked off on March 21 with an estimated investment capital of nearly VND11.5 trillion ($446 million).

The Thuan Phuoc – Da Nang urban area covers over 97ha in Son Tra district.

It will feature a mix of low-rise and high-rise residential areas, apartment complexes, riverside villas, commercial centers, and shopping streets. 

Additionally, the development will include 5-star hotels, a 16.5-hectare theme park, and a sea square.

Addressing the ground breaking ceremony, Vice Chairman of the city’s People’s Committee Le Quang Nam said Da Nang is focusing on infrastructure investment and attracting strategic projects, particularly development of smart and sustainable urban areas as part of the city’s orientation to transform Da Nang into an international financial, trade and services center.

The project is one of the largest in the city, promising a significant facelift landmark in the north of the Son Tra peninsula and marking a new stage in the city’s positive growth for the next decades.