AsemconnectVietnam - Hoa Binh Construction Group (stock code HBC) has just officially announced the signing of the General Contractor contract for phase 1 of the Gold Coast Vung Tau project with an investment scale of VND132,000 billion (USD5 billion).

On September 6, 2025, in Ho Chi Minh City, Hoa Binh Construction Group signed a Strategic Partnership and General Contractor contract for phase 1 of the Gold Coast Vung Tau project with the investor - Gold Coast Holdings Group.
The Gold Coast Vung Tau project is divided into many phases. In phase 1, the total investment value of the project is VND132,000 billion (USD5 billion). Hoa Binh and Gold Coast Holdings are committed to mobilizing maximum resources, making efforts to apply in-depth knowledge and experience to ensure the project is implemented with the highest quality, on schedule and meeting international standards. Along with that, Turner Vietnam Co., Ltd. will assume the role of supervision consultant and Savills Co., Ltd. will perform project management and operation.
Speaking at the event, Mr. Ngo Van, representative of the investor Gold Coast Holdings said: “We believe that in the era of growth, any business that is slow, does not promptly restructure products, services, people and does not cooperate with reputable domestic and foreign partners, will be left out of the tectonic flow of the market. That is why Gold Coast Holdings appreciates today's cooperation from major partners in the industry such as Hoa Binh Construction Group, Turner Vietnam Co., Ltd., Savills Vietnam, Ngoi Sao Thai An, Binh Minh Golf & Entertainment, and other strategic partners. Cooperation with major brands not only ensures the quality of the Gold Coast International Tourism City, but also further, orients the new projects of Gold Coast Holdings Group.”
As part of the strategy to expand the urban space of the city. Ho Chi Minh City, Gold Coast Vung Tau project is strategically located adjacent to National Highway 51, at the intersection of Bien Hoa - Vung Tau Expressway and National Highway 55. The project is about 40 minutes from Long Thanh International Airport, conveniently connected to the Ring Road 3, Ring Road 4, Metro Line 1 extension, and existing routes such as National Highway 22, National Highway 13 and Hanoi Highway. This is an important trading center on the maritime economic development corridor, near Cai Mep - Thi Vai port and large industrial parks.
The project has a scale of over 1,000 hectares, with a construction density of 30%, prioritizing green space. In particular, Gold Coast Vung Tau is oriented to develop according to international standards based on 4 main pillars: commerce, education, sports, and resorts.
N.Nga
Source: VITIC/Tinnhanhchungkhoan