Coastal Tourism Projects in Da Nang Remain Unfinished or Abandoned in 2024

Coastal tourism projects in Da Nang, Vietnam, remain unfinished or abandoned due to legal issues, financial problems, and investor violations, hindering the city's tourism growth.

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Ayesha Mumtaz
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Coastal Tourism Projects in Da Nang Remain Unfinished or Abandoned in 2024

Coastal Tourism Projects in Da Nang Remain Unfinished or Abandoned in 2024

Several high-profile coastal tourism projects in Da Nang, Vietnam, including the Son Tra high-end tourism service complex, Bai But Bay Resort, Hon Ngoc A Chau, and The Song, remain unfinished or abandoned as of April 2024. These projects have been plagued by legal issues, financial problems, and investor violations, resulting in a significant waste of resources in the coastal areas of Da Nang.

The Son Tra project, initially planned as a $20 million resort complex, was halted due to legal problems. Only a row of villas was built before the project was abandoned. Similarly, the Bai But Bay Resort, which began in 2005 with a $30 million investment, now consists of just a few deserted villas.

The Hon Ngoc A Chau project, licensed in 2007 with a VND4.8 trillion investment, has made no progress, with only unfinished houses on the site. Local authorities have instructed the withdrawal of the project. The Song, a VND5 trillion project licensed in 2011, was found to have violated laws during construction and was stopped in 2017, leaving unfinished villas on the site.

In addition to these projects, a 30,000 m2 marine tourism project by I.V.C Ltd Co, with a VND400 billion investment, has also been deserted for years due to its connection to a convicted individual.

Why this matters: The unfinished and abandoned coastal tourism projects in Da Nang highlight the challenges faced by the city in developing its tourism industry. These failed projects not only result in a waste of resources but also hinder the growth of the local economy and job creation in the region.

Da Nang authorities have acknowledged the issues surrounding these projects and are working to address them. "We are reviewing all coastal tourism projects and will take appropriate measures to ensure that investors comply with regulations and complete their projects as planned," said a representative from the Da Nang Department of Planning and Investment. The city aims to revitalize its tourism sector and attract new investments to boost economic growth in the wake of these setbacks.

Key Takeaways

  • Several high-profile coastal tourism projects in Da Nang, Vietnam, remain unfinished or abandoned.
  • Projects plagued by legal issues, financial problems, and investor violations, wasting resources.
  • Son Tra, Bai But Bay, Hon Ngoc A Chau, and The Song projects halted or abandoned.
  • Authorities reviewing projects, aiming to ensure compliance and completion to revitalize tourism.
  • Unfinished projects hinder local economy and job creation in the region.