Vietnam’s Dak Lak to break ground on $190mn luxury resort project

Leaders of the Dak Lak Department of Construction said the groundbreaking ceremony is scheduled for Friday, as part of a series of major infrastructure and investment projects marking the lead-up to the 14th Party National Congress.

The Party Congress is expected to take place in Hanoi from January 19 to 25, 2026.

According to the department, the Cu Lao Mai Nha luxury resort project was approved by the administration of former Phu Yen Province, now part of the expanded Dak Lak Province following a nationwide administrative restructuring drive effective from July 1 this year.

The project developer is Xuan Thien Ninh Binh Co. Ltd.

In addition to the resort project, Dak Lak will inaugurate the Ho Chi Minh Road eastern bypass section around Buon Ma Thuot, with an investment of VND1.841 trillion ($70 million).

This road project was approved by the Ministry of Construction and implemented by the provincial transport and rural development project management board.

The province will also open to traffic a sub-project of the Khanh Hoa-Buon Ma Thuot Expressway’s Phase 1.

The expressway section, also managed by the provincial project management board, has a price tag of VND6.165 trillion ($235 million).

The Dak Lak administration has proposed adding the launch ceremonies of two social housing projects to the Friday event.

One project, located in Binh Kien Ward, will include about 2,270 apartments with an estimated investment of VND2.584 trillion ($98 million), developed by Cloud Land JSC.

The second social housing project will be built north of Tran Phu Street in Tuy Hoa Ward, comprising a 13-story apartment building with approximately 480 units, at a total cost of VND548 billion ($21 million).

The project is led by HTL Vietnam Real Estate Investment and Construction JSC on behalf of an investor consortium.