Vietnamese developer Sun Group and global hospitality giant Accor have signed a landmark agreement to expand their decade-long strategic partnership. The deal will add nearly 6,000 high-end hotel rooms and serviced apartments across Phu Quoc and Da Nang. Spanning mid-scale to luxury tiers, the expansion introduces several new lifestyle brands to Vietnam, significantly strengthening the country's premium tourism infrastructure ahead of major international events.
Lotte Group and Phat Dat Real Estate Development have signed a cooperation agreement to build the 60,000 billion VND Lotte Eco Smart City Thu Thiem in Ho Chi Minh City. The 7.54-hectare multi-functional complex will feature residential zones, retail space and Grade A offices.
Sun Group has signed a US$360 million agreement with an international consortium to build a massive aircraft maintenance, repair and overhaul complex at Vietnam's Van Don International Airport. The project, involving HAECO, Japan Airlines and Toyota Tsusho, aims to address a severe regional capacity shortage and lower the local industry's dependence on overseas engineering hubs when operations begin in 2028.
Vietnamese developer Sun Group has formed a strategic alliance with Singaporean operator The Ascott Limited. The deal introduces 1,700 premium accommodation rooms across Ho Chi Minh City and Phu Quoc. Four distinct international hospitality brands will be deployed to capture diverse traveler demographics. Notably, the partnership debuts the lifestyle concepts lyf and HARRIS in Vietnam, aiming to prolong visitor stays and elevate local tourism competitiveness.
A major multi-purpose sports park is set to launch in Vietnam later this month. Sun Sports City Ninh Binh, a 22-hectare complex developed by Sun Group, will open in Ha Nam Ward, Ninh Binh Province. The facility features 58 training fields across seven disciplines, including the largest covered pickleball hub in the country, alongside a 3,000-seat stadium built to international standards.
VinMetal, a subsidiary of Vingroup, has signed a strategic agreement with Primetals Technologies to develop a major steel production complex in Ha Tinh, Vietnam. The project focuses on green and digital technology for both long and flat steel. By using advanced metallurgical solutions, the partnership aims to meet international ESG standards. The facility is expected to begin initial operations in 2027, supporting domestic and export markets.
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