Dien Bien Provincial People's Committee has just issued Decision No. 1267/QD-UBND approving the results of selecting investors to implement the Huoi Pha urban, commercial, tourism, service and golf course project. Accordingly, Muong Thanh Group Joint Stock Company - the sole investor who submitted the dossier has won the bid.
This project has a total area of 108.83 hectares in Dien Bien Phu ward with a total approved investment capital of more than 1,757 billion VND. Of which, the project implementation cost (excluding compensation, support, resettlement) is more than 1,568 billion VND.
According to the approved objectives, this project is expected to form "a synchronous and modern multi-functional complex". In which, the natural terrain and lake surface are utilized to create a new tourism - resort destination with an expected scale to serve more than 2,000 people.
Notably, according to the approved project dossier, the construction progress of the golf course must be completed within a period of no more than 12 months from the date of land allocation and land lease. The total progress of the entire project is 54 months from the date of investor approval.
With the official approval of Dien Bien Provincial People's Committee, the Huoi Pha and its vicinity project officially became one of the projects with the largest investment capital scale that Muong Thanh Group has ever implemented in Dien Bien.
The synchronous urban - commercial - tourism - golf course project is expected to contribute to changing the urban center's appearance, creating new jobs, services and tourism products for the locality.
Previously, in early April 2026, Dien Bien Provincial People's Committee approved the results of selecting investors to implement the New Urban Area, resort tourism and sports services project in the Northwest in Dien Bien Phu ward and Thanh Nua commune.
According to the decision, the investor winning the bid to implement the project is Thanh Pho Xanh Development Joint Stock Company (owner of Vinhomes - directly under Vingroup Group).
The total estimated investment capital of the project is 23,660 billion VND. Of which, the investor's equity is more than 3,553 billion VND, and the rest is capital mobilized from credit institutions and other legal sources.
The project has a population scale of about 12,000 people, with a total land use area of about 228.5 hectares. Of which, the land fund after infrastructure investment is handed over to the state accounts for 38.4%, and the land fund where investors pay land use fees for business exploitation accounts for 61.6%.
The project includes: townhouses, villas, social housing, high-rise commercial and service buildings, international standard golf course complex...
Notably, the project plans a land fund of nearly 86.9 ha to develop an 18-hole golf course, golf course and golf practice ground.
According to the approved progress, the project will be basically deployed within 54 months from the date the project is approved to investors.
Phase 1 (Quarter IV. 2026 to Q4. 2028) will prioritize investment in technical infrastructure construction, 18 golf holes, sports service works and high-rise commercial service works.
