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Da Nang Business, Investment & Leisure Program, Duy Hải, Duy Xuyên District, Quảng Nam, Da Nang (2026)

04/12/2022

Vietnam resets modernization push with new economic restructuring targets

Vietnam will target 7% GDP growth, $7,500 per capita GDP, agriculture workforce reduction to less than 20%, and trained workforce augmentation to 35-40% by 2030, a Party resolution says.

The resolution, signed and promulgated by Party General Secretary Nguyen Phu Trong during the 6th Plenum of the 13th Central Committee, seeks fresh impetus for the industrialization and modernization process.

It notes that Vietnam did not reach its goal of becoming an industrialized country by 2020. Economic growth also did not meet set targets, with the rate tending to decrease gradually on a 10-year cycle. The country was in danger of falling behind and into the middle-income trap; the internal strength of the economy was weak, and labor productivity low and slow to improve.

A reason for this situation is the lack of a clear plan for developing foundational and spearheading industries. In this context, the Party Central Committee wants Vietnam to move quickly away from processing and assembly towards research, design, and production.

Vietnam also needs to develop a number of service industries that exploit its advantages and deploy high technology in promoting the knowledge economy. While recognizing manufacturing and processing as key sectors, the resolution calls for a breakthrough in digital transformation to speed up industrialization.

By 2030, Vietnam should meet the criteria of an industrialized, developing country with modern industries and a high number of middle-income households.

The nation must also improve its production capacity, autonomy, and adaptability. Step by step, the nation should master core and foundation technologies for various industries, especially spearhead industries.

Agriculture must develop rapidly and sustainably in an eco-friendly direction, applying for scientific and technological advances.

The nation aims to be in the group of three leading ASEAN countries in terms of industrial competitiveness with an industrial proportion of more than 40% of the GDP.

The resolution stresses the need for Vietnam to form a number of large-scale, multinational domestic industrial enterprises and internationally competitive enterprises in foundational, priority, and spearhead industries. It says the country should also "master a number of industrial and agricultural value chains."

Self-reliance, dual-use, and modernity will be the building blocks of the defense and security industries.

It envisages Vietnam's digital economy proportion reaching 30% of the GDP in the coming years.

It calls for the country to be in the group of 40 leading countries in e-government and digital economy.

Vietnam should become a developed, high-income country by 2045 and be among Asia's leading industrialized nations, the resolution says.

To reach these goals, Vietnam needs to use science, technology, and innovation in a solid way to make breakthroughs in productivity and quality.

Priority should be given to developing a specialized legal system for national industrial development, particularly in specific fields like digital technology, defense, security, and energy.

The resolution says preferential tax, finance, credit, and land policies should encourage investment in research and development as well as in the development of high-quality human resources.

Land, credit, financial, scientific, technological, and human resource policies must continue to be updated to attract private and foreign investment in agriculture and rural areas, further promoting the national industrialization process.

Vietnam should also have an Infrastructure Development Fund, the resolution says.

It also calls for the implementation of a national program – "Make in Vietnam 2045" – one that promotes Vietnamese creation of high-tech products. The program's name uses a play of words to emphasize activeness, according to the information ministry that initiated the program.

The resolution identifies metallurgy, mechanical engineering, chemicals, energy, materials, and digital technology as some of the best foundation industries. Spearhead industries can include robots, cars, and automated equipment.

Businesses in Vietnam should collaborate with foreign counterparts to make clean, renewable energy equipment and battery storage systems, the resolution says. It envisages the defense and security industry as a national industrial spearhead.

A container ship docks at Cat Lai Terminal in Ho Chi Minh City. Photo by VnExpress/Thanh Nguyen

04/12/2022

Challenges Ahead but Vietnam’s Economy Remains on Fast-track

Prime Minister Pham Minh Chinh reaffirmed that Vietnam’s economy would exceed expectations this year with an increase in GDP of 8 percent, in a speech at the National Assembly last month.

This is a bold claim given Vietnam’s GDP suffered significantly due to pandemic-induced lockdowns just last year.

However, it’s no surprise with Vietnam is one of the few countries to record positive economic growth during the pandemic, growing by 2.6 percent in 2021.

So what is keeping Vietnam’s economy humming along and its growth numbers positive?

There are three key factors: infrastructure investment, its trade environment, and competitive wages.

Vietnam spends around 6 percent of its GDP on infrastructure. This is among the highest in the ASEAN region.

Vietnam is investing in infrastructure

Among that spending are some big ticket items: the ambitious 1,800 km HCMC–Hanoi highway; the Long Thanh International Airport, which will eventually replace HCMC’s overly congested Tan Son Nhat; metro projects in Hanoi and HCMC, as well as thermal and waste to energy power plants.

But despite these positive signs, Vietnam’s infrastructure falls short.

Many factories, for example, remain labor-dependent rather than using technology to automate processes.

However, the government is committed to changing this and has announced incentives for hi-tech industries. It has also banned the sale of used machinery over 10 years old.

Vietnam is an active participant in global trade
Over the past few years, Vietnam has been active in signing bilateral trade agreements with countries around the world.

Its membership in the Association of Southeast Asian Nations (ASEAN) also makes it a party to several FTAs that the regional bloc has signed.

The standard of product quality, manufacturing, and employee rights guaranteed in these agreements will allow Vietnam to become a manufacturing hub and expand its export base.

The EU-Vietnam free trade agreement (EVFTA), for example, has boosted Vietnam’s exports despite the pandemic.

In 2021, the UK-Vietnam free trade agreement (UKVFTA) helped boost trade between Vietnam and the UK reaching close to US$6.6 billion.

Similar increases were also noted with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with exports to Canada and Mexico.

Vietnam’s business environment is open, and the government has provided investor-friendly policies aimed at attracting investment and socio-economic development. These are important pull factors for investors looking to invest in Vietnam. This has been made easier through Vietnam’s increasing number of FTAs.

Wages in Vietnam remain competitive
One of Vietnam’s biggest advantages is its competitive wages. China is known to dominate the manufacturing industry but with wages rising, many businesses have already moved operations to maintain margins in low-cost manufacturing.

While Vietnam still needs to develop a skilled labor force, it has a young, dynamic workforce that is ready to fill the gap. Its young labor force also comes at a relatively lower cost. More than 40 percent of Vietnamese university graduates major in science and engineering and Vietnam is among the top 10 countries with the most engineering graduates.

As Vietnam sees its economy grow, its wages will rise. It will thus have to maintain a balance between inflation, wage levels, and productivity to avoid disrupting the overall labor market. Low labor costs ultimately are not sustainable in the long term and the focus will have to be on developing Vietnam’s service industry, high-tech industries, and domestic consumption.

Fuel price increases and inflation are a challenge
Nevertheless, there are also signs that there will be bigger challenges.

Just recently fuel shortages were reported in HCMC and the surrounding southern provinces. This eventually spread to the capital Hanoi.

The situation only improved when the government raised petrol prices but, while the situation is better, it still hasn’t fully recovered.

In addition, Vietnam’s economy is facing headwinds due to slowing demand, rising inflation, and geopolitical circumstances.

S&P Global’s Purchasing Managers’ Index for Vietnam, which measures manufacturing activity, fell to 50.6 in October from 52.5 in September, the lowest since October 2021. A reading of 50 or more indicates manufacturing expansion.

However, while the Vietnamese d**g has lost 9.1 percent of its value against the US dollar since the beginning of the year, its depreciation has been lower compared to other countries.

Furthermore, the central bank is expected to raise interest rates to address inflation.

Vietnam’s outlook: Stable growth despite challenges
Despite challenges, Vietnam’s long-term growth remains stable and there are enough push factors to encourage manufacturing businesses to relocate.

Vietnam’s FDI figures look healthy–it received US$17.5 billion in the first 10 months of the year, up 15 percent year on year.

Inbound FDI is also driving economic growth due to Vietnam’s trade environment and labor, according to the European Chamber of Commerce. This is despite factories going idle due to reduced demand in western markets ranging from textiles and shoes to furniture.

But, even while geopolitical tensions persist, Vietnam’s economic prospects are promising. Investors interested in the market are strongly advised to do their due diligence to ensure they are prepared to meet challenges. In the short term, costs are likely to increase, but investors that play the long game stand to reap big rewards.

14/11/2022

Da Nang holds potential to become ‘Silicon Valley’ of Southeast Asia: seminar

The central city of Da Nang holds great potential to become a ‘Silicon Valley’ of Southeast Asia, especially when it receives more investment, technology and resources of firms which come from the US’s ‘Silicon Valley’, an official has said.

Da Nang (VNA) – The central city of Da Nang holds great potential to become a ‘Silicon Valley’ of Southeast Asia, especially when it receives more investment, technology and resources of firms which come from the US’s ‘Silicon Valley’, an official has said.

At an October 17 seminar on digital transformation and smart cities between companies operating in the information and communications technology (ICT) sector of the US and Da Nang city, deputy head of the International Cooperation Department under the Ministry of Information and Communications Hoang Anh Tu pointed out that Da Nang is home to the most high-tech parks, concentrated information technology parks, and software parks in the central region.

It also ranked first in Vietnam in terms of digital transformation in 2021, he said, adding that the US’s ICT enterprises cooperating with Da Nang will see a lot of opportunities to succeed in digital transformation, and can easily expand collaboration with other Vietnamese localities, and even cities of other countries in the region.

Adam Sitkoff, executive director from the American Chamber of Commerce (AmCham) Hanoi, said that US firms are able to see Da Nang’s potential in digital transformation.

Therefore, this business linkage programme will create a new mark for cooperation between the two sides, he added.

Deputy director of the municipal Department of Information and Communications Le Son Phong said that his city began building the e-government from 2010, and piloting several smart apps in transport, the environment, health, education and food safety and hygiene from 2014.

To successfully implement the smart city model and digital transformation, Da Nang has put forward many important solutions, including strengthening cooperation with both domestic and foreign organisations, groups and buinsesses.

It won ASOCIO Smart City Award 2019 by the Asian-Oceanian Computing Industry Organisation (ASOCIO), Smart City Award Vietnam in 2020 and 2021, and also ranked first in Vietnam’s Digital Transformation Index in these years.

Revenue from the city’s ICT sector enjoys an average annual growth rate of 20%.

20/10/2022

Big market in Vietnam a draw for Singapore companies

HO CHI MINH CITY (Vietnam News/Asia News Network): It was a difficult decision for Quek Kwan Yi to leave the air force and move to Vietnam to join the family tableware business, but the former fighter pilot is glad he made the switch.

Speaking to The Straits Times on the sidelines of a Singapore Business Federation roundtable discussion in Ho Chi Minh City on Wednesday (Oct 19), the chief operating officer of Q Industries said business for the Singapore company is booming in Vietnam, and that his five years in the country have been smooth and enjoyable.

He said: “Nothing can replace the excitement and the thrill of flying. But after close to 15 years in the air force, and seeing where my family business was growing, I thought that if I was going to be a successful entrepreneur and business person, I would have to make the switch.”

Quek, 38, was one of about 100 participants at the event, which was held in conjunction with President Halimah Yacob’s state visit to Vietnam.

Q Industries, started by Quek’s parents in 1987, opened in Ho Chi Minh City in 2003. It now has offices in Hanoi, as well as in Malaysia and Singapore.

Sixty out of 100 of Q Industries employees are based in Vietnam, where the company supplies tableware to hotels and restaurants and has recently started a culinary training programme.

Quek, who is unmarried with no children, said his transition from Singapore to Ho Chi Minh City was an easy one, thanks in no small part to the strong travel links between the two cities and perhaps, more importantly, the easy availability of Singapore food such as roti prata and bak chor mee (minced meat noodles).

“Culturally, there are differences, but overall, I find that living here is very comfortable,” he said. Quek said he is likely to stay in Vietnam in the light of his company’s success, which he expects will continue for the next five years.

He added that the business is made easy in the country because of its large local market and openness to foreign direct investment.

Vietnam has a population of 98.2 million, with spending power on the rise and its gross domestic product expected to increase by about 7.5 per cent in 2022.

At the event, Halimah touched on the close trade and investment ties between Vietnam and Singapore, during her address to participants.

Singapore is the second-largest cumulative foreign investor, after South Korea, in Vietnam, with total investments amounting to US$68.68 billion (S$97.8 billion). In the first five months of 2022, Singapore companies invested a total of US$3 billion.

Halimah also said the two sides are exploring partnerships in the digital and green economy.

Guava Amenities is a Singapore company in Vietnam that is offering sustainable solutions. The firm, which provides amenities, healthcare supplies and other goods to the hospitality and travel industry, also links manufacturers to hotels and airlines, and focuses on minimising waste and carbon emissions.

Guava Amenities chief executive Gabriel Tan said: “Our focus is to make sure we have sustainable solutions. But for Vietnam, it’s equally important to scale it to ensure that they are affordable.” He added that if businesses keep their services affordable, Vietnam is a huge market full of opportunities.

Following the event, a reception was held for about 130 Singaporeans living in Vietnam. About 3,000 Singaporeans work and live in the country.

Halimah said all of them represent Singapore and its values, and urged them to give their perspectives on Singapore’s future in the Forward Singapore exercise to shape and strengthen Singapore’s social compact for its next phase.

On Wednesday night, Halimah met Ho Chi Minh City party committee secretary Nguyen Van Nen at the Reunification Palace in the city.

At a dinner after the meeting, she expressed her appreciation for the city’s strong support for Singapore’s businesses and called for continued collaboration to address common challenges such as climate change and urban management.

She said: “We can tap our complementary strengths to equip our cities for the future, including Ho Chi Minh City’s aspirations to develop into an international financial centre.

“This will not just benefit our cities, but bring about growth and development to the wider South-East Asia region as well.”

19/10/2022

Singapore and Vietnam sign MOUs to collaborate on energy, carbon credits

The MOU on Carbon Credits Collaboration is the first to be signed between Singapore and an ASEAN member state.

Singapore and Vietnam sign MOUs to collaborate on energy, carbon credits

File photo of solar panels on HDB rooftops.

SINGAPORE: Singapore and Vietnam have signed Memorandums of Understanding (MOUs) to collaborate on energy and carbon credits, the Ministry of Trade and Industry (MTI) said on Monday (Oct 17).

The MOU on Carbon Credits Collaboration is the first to be signed between Singapore and an Association of Southeast Asian Nations (ASEAN) member state.

"The MOU signals Singapore’s and Vietnam’s commitment to collaborate on carbon credit pilot projects which would support both countries in meeting their climate targets," MTI said in a press release.

The ministry added that the MOU on Energy Cooperation covers several key areas such as the development and financing of renewable energy as well as the development of interconnectors for increased grid resilience, stability and electricity trading.

Other areas of collaboration include research, development and deployment of low-carbon energy technologies and solutions such as hydrogen, ammonia, energy storage systems, smart grids and related infrastructure.

Singapore must specialise and build on strengths to accelerate sustainable solutions: Grace Fu.

The signings took place on Monday, on the sidelines of President Halimah Yacob’s state visit to Vietnam from Oct 16 to Oct 20.

Second Minister for Trade and Industry Dr Tan See Leng signed the MOU on Energy Cooperation with Vietnam Minister of Industry and Trade Ngyuen Hong Dien, and the MOU on Carbon Credits Collaboration with Vietnam Minister of Natural Resources and Environment Dr Tran Hong Ha.

"Singapore and Vietnam are close partners, and are committed to supporting both our countries’ energy transition as well as regional decarbonisation," said Dr Tan.

Dr Tan said that the MOU on Energy Cooperation will pave the way for greater cross-border electricity trade and the development and financing of low-carbon technologies.

He added that the MOU on Carbon Credits Collaboration underscores both countries' shared commitment to work together on carbon credit pilot projects aligned to Article 6 of the Paris Agreement, which allows countries to partially meet their climate targets by buying offset credits representing emission cuts by others.

Under the MOU, Singapore and Vietnam will also undertake knowledge exchanges on carbon tax, carbon credits frameworks and other climate issues.

"We believe that international collaboration, such as that between Singapore and Vietnam, is critical in promoting global climate action to achieve the goals of the Paris Agreement," said Dr Tan.

In February this year, Finance Minister Lawrence Wong announced that Singapore is looking to bring forward its net-zero target to “by or around mid-century”, aligning its goals with the Glasgow Climate Pact amid international developments in technology and carbon markets.

Previously, Singapore announced that it would achieve net-zero emissions "as soon as viable" in the second half of the century under its long-term low-emissions development strategy. It also pledged to peak emissions around 2030, and halve its emissions from its peak by 2050.

Source: CNA

19/10/2022

Singapore, Vietnam agree to boost cooperation in digitalisation, green economy

President Halimah Yacob and Vietnamese President Nguyen Xuan P**c also reaffirmed the longstanding friendship and excellent relations between Singapore and Vietnam.

Singapore, Vietnam agree to boost cooperation in digitalisation, green economy

President Halimah Yacob with her husband, Mr Mohamed Abdullah Alhabshee and Vietnamese President Nguyen Xuan P**c and his spouse Madam Tran Nguyet Thu at the Presidential Palace in Hanoi

SINGAPORE: Singapore and Vietnam have agreed to step up cooperation in areas such as digitalisation and cybersecurity, the green economy and sustainable infrastructure, the Ministry of Foreign Affairs (MFA) said on Monday (Oct 17).

President Halimah Yacob and Vietnamese President Nguyen Xuan P**c have also affirmed the "longstanding friendship and excellent relations" between Singapore and Vietnam, the ministry said in a press release.

President Halimah is in Vietnam for a state visit from Oct 16 to Oct 20.

She was received by President P**c at the Presidential Palace in Hanoi on Monday morning. President P**c and his spouse, Madam Tran Nguyen Thu, will host a state banquet in President Halimah’s honour.

During their engagements, MFA said President Halimah and President P**c reaffirmed the "extensive and robust economic cooperation" between both countries.

They also agreed to step up cooperation in new and emerging areas such as digitalisation and cybersecurity, the green economy including renewable energy and carbon credits, sustainable infrastructure, as well as vocational training.

President Halimah and President P**c witnessed the signing of Memorandums of Understanding (MOUs) between the Ministry of Trade and Industry (MTI) and various Vietnamese ministries.

MOUs were also signed between the Institute of Technical Education (ITE) and the Directorate of Vocational Education and Training Vietnam, as well as the Ministry of Communications and Information (MCI) and the Vietnam Ministry of Public Security.

The two leaders then witnessed an investment license presentation to Sembcorp’s joint venture, the VSIP Joint Stock Company, to develop the 12th Vietnam-Singapore Industrial Park (VSIP), located in Can Tho City, said MFA.

President Halimah also met Vietnamese Prime Minister Pham Minh Chinh and various other officials.

President Halimah and Mr Chinh reaffirmed both countries' "like-mindedness" in developing digital and green capabilities and agreed to pursue deeper cooperation in these areas.

President Halimah will continue her visit in Hanoi and Bac Ninh Province on Tuesday before travelling to Ho Chi Minh City in the afternoon, MFA said.

16/10/2022

Vietnam - semiconductor production industry - best place for investment

* Overview of the semiconductor production industry in Vietnam

According to market research released by Technavio, the world’s leading technology research and consulting company, the semiconductor market in Vietnam is expected to grow by $1.65 billion at a compound annual growth rate, about 6.52% in the period of 2021 – 2025.

In fact, over the past 10 years, there have been many foreign enterprises investing in the field of microelectronics such as Intel Corporation, Jabil, Sonion, Datalogic, GES… in Ho Chi Minh City High-Tech Park.

The case of Intel: In 2006: Intel invested USD 1 billion to build a state-of-the-art chip assembly and test production facility in Ho Chi Minh City’s Hi-Tech Park.

By the end of 2020, Intel Products Vietnam has brought more than 2 billion products to customers around the world.

In January 2021: Intel Corporation invested an additional USD 475 million in Intel Products Vietnam for phase 1 of the largest cleanroom assembly and testing (ATM) factory in the global Intel system.

May 2022: Intel Group CEO Patrick Gelsinger was invited by the Prime Minister to visit the Government Office. Intel Group confirmed that during the investment process in Vietnam, the group realized that Vietnam has an industrious and innovative workforce and strong support and facilitation from the Government. Therefore, Intel decided to continue to further invest in Vietnam in the future.

These show the confidence of Intel in the domestic human resources as well as the stable investment environment of Vietnam.

Corporations like Microchip, Renesas, Applied Micro (AMCC), Marvell, Arrive Technologies, eSilicon, Sigma Designs, Uniquify… also operating in Vietnam and specializing in outsourcing and designing semiconductor and embedded software in the area. Most of the big corporations moved their production from China or Malaysia to Vietnam due to the country’s low labor costs and government’s support.

Domestically, Vietnam has Saigon Industry Corporation is in the process of preparing to invest in a chip factory project or Viet My Quantum Optical Research and Development Company Limited is manufacturing and exporting power semiconductor products (wafer FRED 200V, wafer Schottky Diode…) to foreign partners.

With the permission of Ho Chi Minh City People’s Committee, Ho Chi Minh City Semiconductor Circuit Technology Association was established in 2013. HSIA operates in the field of research, training, dissemination, application, production, sales and service of semiconductor industry in Ho Chi Minh City

* Legal Framework re Semiconductor

Decision No. 439/QD-TTg dated April 16, 2012 approving the “List of national products implemented from 2012 under the National Product Development Program to 2020”, which identifies and specifies “semiconductor” as one of the 9 key development products of the country.

The Government also issued Decision No. 66/2014/QD-TTg on “List of high technologies prioritized for development investment” and “List of high-tech products encouraged for development”, in which specifies technologies for designing and manufacturing semiconductor and semiconductor devices on the list of hi-tech prioritized for development investment and the list of hi-tech products encouraged for development.

In addition, the Government adopts key State-level programs like the National Science and Technology Program, the National Science and Technology Development Funds and the National Fund for Technology Innovation, chaired by the Ministry of Science and Technology, to support many research activities and trial production of semiconductor products.

Ho Chi Minh City is the leading and only locality that has issued a complete semiconductor industry development program. The People’s Committee of Ho Chi Minh City has approved the Microchip Industry Development Program, period 2013 – 2020 including 10 projects/component projects under Decision No. 6358/QD-UBND dated December 14, 2012 and Decision No. 1780/QD-UBND dated 17/04/2015.

However, up to now, Vietnam still does not have a true microchip (electronic chip) factory. Foreign-invested enterprises mostly carry out the outsourcing and designing (outsourcing) stages of microchips or assembling – testing (back-end).

* Why Vietnam?

As time passed by, more international organizations shifted their production to Vietnam due to its strategic location and advantages in shipping, competitive labor and production costs. Most recent of all, it is because enterprises in Vietnam can reap various benefits under 13 free trade agreements that Vietnam is a signatory. Vietnam has one of the most number of FTAs in the world – and most in the region. Singapore has only 6 FTAs, Malaysia has only 7.

Most recently and notably, the EU-Vietnam Free Trade Agreement (EVFTA) and the CPTPP grant favorable market access and investment conditions for foreign investors wishing to do business in Vietnam. For example, under the Agreements’ tariff schedule, base rate is 0% for almost all products in the semiconductor manufacturing sector.

Based on all the facts stated above, it is apparent that Vietnam is an ideal destination to carry out semiconductor manufacturing.

26/09/2022

Two Vietnam hotels win kudos at International Travel Awards

Two Vietnam hotels win kudos at International Travel Awards
Pullman Vung Tau Hotel in the southern beach town Vung Tau.

A hotel in the southern province of Ba Ria-Vung Tau and another in the central beach city of Da Nang won different categories of the 2022 International Travel Awards.

Pullman Vung Tau, around 90 minutes by car from Ho Chi Minh City, was named the "best luxury hotel."

The hotel offers 356 rooms and suites with spectacular views of Bai Sau, a popular beach in Vung Tau, typically overloaded during holidays.

DLG Hotel Da Nang that overlooks My Khe Beach in Da Nang won the "best five-star hotel" title.

The lobby area of DLG Hotel Da Nang. Photo courtesy of the hotel
The lobby area of DLG Hotel Da Nang. Photo courtesy of the hotel

Just a few kilometers to popular tourist attractions in Da Nang like Ba Na Hills or Son Tra Peninsula, the hotel boasts 237 beach-view rooms and outdoor swimming pools.

This year's awards saw a record-breaking season as the hospitality and tourism industry witnesses a comeback, with over 2,000 nominations from six regions, Asia, Europe, the Middle East, Africa, Oceania and Americas, along with 300 winners.

Organized by Dubai-based Golden Tree Events Organizing and Managing Company, International Travel Awards is one of the most prestigious in the travel and hospitality industry.

23/09/2022

DANANG, VIETNAM - InterContinental Danang Sun Peninsula Resort, the five-star resort nestled in 39 hectares of nature on Vietnam’s Son Tra Peninsula, has unveiled its One-Bedroom Spa Lagoon Villas – two spectacular wellness-inspired sanctuaries that appear to float above a lagoon in a hidden valley, surrounded by lush rainforest.

Every aspect of these 260-square metre villas is geared towards personal wellbeing, with a separate spa treatment room that features a steam room, sauna and couples’ massage tables. An in-villa 60-minute massage per person is included for two guests of the villa. An elegant outdoor deck also features a deeply soothing open-air whirlpool bath, overlooking the lagoon, forest and mountains.

Designed by renowned innovator Bill Bensley, the interiors include a master bedroom set in a separate overwater pavilion for the ultimate sleep, while the living space is fitted with the latest home comforts and features direct access to the outdoor terrace, offering plenty of space for alfresco dining and relaxation. Distinctive interiors are inspired by airplane hangars, with vaulted ceilings and an atmospheric industrial-chic design that exudes a Zen ambience. The oversized bathroom features double vanity areas, dual rain showers, a huge cocoon-shaped stone bathtub and separate outdoor shower. A fully-equipped kitchen allows a private chef to create exclusive culinary occasions, if desired.

While the One-Bedroom Spa Lagoon Villas feel blissfully off-the-beaten-track, they are actually only five minutes’ walk from the resort’s crescent-shaped sandy beach, fully-equipped fitness centre and sparkling swimming pools. The perimeter walk – a shaded walking or jogging route around the boundary of the resort estate – is just moments away.

For complete exclusivity, a Villa Host will be on hand to look after every guest requirement. Individual yoga or meditation sessions can be arranged with the resort’s Wellness Manager and a personal trainer is available for fitness boot camps and kick-boxing classes. Naturally, travellers will enjoy full Club InterContinental benefits including private check-in and check-out, laundry and pressing services, daily breakfast, afternoon tea, all-day refreshments, evening cocktails and canapés, plus lounge access at Danang International Airport (domestic terminal) and roundtrip limousine transfers.While the One-Bedroom Spa Lagoon Villas feel blissfully off-the-beaten-track, they are actually only five minutes’ walk from the resort’s crescent-shaped sandy beach, fully-equipped fitness centre and sparkling swimming pools. The perimeter walk – a shaded walking or jogging route around the boundary of the resort estate – is just moments away.

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