Vietnam’s Hoiana IR to begin $1 billion expansion

Summary

Hoiana Resort & Golf has announced a US$1 billion Phase 2 expansion for its integrated resort near Danang. Phase 2 will include a multifunctional international convention centre for up to 2,500 guests, more than 1,000 five-star hotel rooms, a family-oriented retail and entertainment complex, plus a second golf course with a professional training centre and academy.

Phase 1 — a US$1.2 billion investment that opened after Covid-related delays — already features four five-star hotels, 20 restaurants, a Robert Trent Jones golf course, 140 gaming tables and over 270 electronic gaming machines. Developers plan a total US$4 billion across seven phases aimed at completion by 2029. The expansion is expected to create about 2,000 jobs and roughly double annual tax contributions to around VND2 trillion (about US$76.1m).

Key Points

Hoiana is committing US$1 billion to Phase 2, adding major convention, hotel, leisure and golf assets.
Planned facilities include a 2,500-capacity international convention centre and over 1,000 five-star rooms.
The resort already opened Phase 1 (US$1.2bn) with hotels, restaurants, a premium golf course and a casino offering 140 tables and 270+ EGMs.
Developers aim for US$4bn total investment over seven phases, targeted for completion by 2029.
Phase 2 is expected to create ~2,000 new jobs; Hoiana currently employs ~2,700 people (98% Vietnamese).
Projected annual tax contribution after expansion is about VND2 trillion (~US$76.1m), roughly double 2025 levels.
Danang tourism is recovering strongly: an estimated 17 million visitors in 2025 (7.6m international), up c.25% year-on-year.

Context and relevance

Hoiana’s expansion signals renewed large-scale private investment in Vietnam’s coastal tourism and integrated-resort sector. The project sits within a broader recovery of Danang’s visitor numbers and reflects confidence in international and domestic travel returning to — and exceeding — pre-pandemic levels. For suppliers, hoteliers, event organisers and regional planners, the convention centre, added hotel inventory and family amenities will shift capacity and demand dynamics across central Vietnam.

For the casino and integrated-resort industry, a US$1bn phase underlines the ongoing appetite for destination resorts in Asia, and for local authorities it promises jobs and higher tax receipts that feed regional development plans.

Why should I read this?

Short answer: because it's big money and it matters. If you follow Asian tourism, integrated resorts or regional development, Hoiana's new US$1bn phase changes the game for Danang — more rooms, a huge convention centre, another golf course and thousands of jobs. It's the sort of story that creates opportunities for contractors, hospitality suppliers, events firms and investors. If you don't care about Vietnam or casinos, you can skip it — otherwise this is worth a quick read.