According to the reporter's investigation, within the framework of the Dien Bien Provincial Investment Promotion Conference 2026, taking place from May 10-11, the Provincial People's Committee will start construction of 2 major key projects.
The Dien Bien Phu cable car complex combined with cultural and historical tourism project has a total planned land use area of about 35.35 ha, with a total estimated investment of about 4,000 billion VND.
The project has been approved in the 1/2. 000 scale zoning plan of Dien Bien Phu Urban, Service, and Cable Car Complex according to Decision No. 2417 dated December 31, 2024 of the Provincial People's Committee.
The expected scale of cable line system construction, in which the departure station in Muong Phang commune has an area of about 19.75 ha. The cable line belongs to Muong Phang commune, about 9.71 ha is the cable car line and the cable line safety corridor, connecting the historical relic area of General Vo Nguyen Giap Tunnel to the relic area of Pu To Co Mountain Observatory.
The arrival station is located in Muong Phang and Pu Nhi communes (Pú Tó Cọ mountain area), with an area of about 5.89 hectares.
Previously, on January 31, 2026, Dien Bien Provincial People's Committee and Sun Group signed a memorandum of understanding on investment cooperation in the fields of infrastructure, urban areas, trade, tourism and services.
The two sides agreed to let Sun Group prepare an investment policy proposal and at the same time approve the investor of the Dien Bien Phu cable car complex combined with cultural and historical tourism project.
Sun Group is committed to sponsoring zoning planning research at a scale of 1/2. 000 for a number of other projects such as: urban area, tourism, entertainment in Pa Khoang lake area; Hua Pe urban and hot spring resort complex; Uva urban and hot spring resort complex with golf course.
The second project is the New Urban Area, resort tourism and sports services in the Northwest (Dien Bien Phu ward and Thanh Nua commune).
The investor is Green City Development Joint Stock Company, a business belonging to Vinhomes, directly under Vingroup. Total expected investment capital is about 23,660 billion VND.
The project has a scale of about 228.5 hectares, an estimated population of 12,000 people, including adjacent residential areas, villas, social housing, high-rise commercial and service buildings and an international standard golf course complex.
The project is expected to provide about 2,812 low-rise houses (investors will build rough, complete the facade), including 1,836 townhouses and 975 villas.
For social housing, the project allocates a land fund of 98,609 m2 to build apartment blocks up to 8 floors high.
Notably, the project allocates nearly 86.9 hectares to develop an 18-hole golf course, golf course and training area.
According to the approved progress, the project will be basically deployed within 54 months from the date the project is approved to investors.
According to the schedule, the project will be implemented in 54 months from the date of investor approval. Phase 1 (Quarter IV. 2026 - Quarter IV. 2028) prioritizes the construction of technical infrastructure, 18-hole golf course and service works. Phase 2 (Quarter IV. 2028 - Quarter IV. 2030) completes the remaining items.
