📋 Tender Overview
Faced with the information mentioned in the judgment of the Peoples Court of Region 7 - Ho Chi Minh City, including some comments on the legality of the project, many customers expressed interest and concern. However, through verification with the NovaReal distributor and the Investor Novaland Group, it can be confirmed that NovaWorld Phan Thiet is a real project, implemented in accordance with regulations, with a clear construction schedule and closely monitored by local authorities. A corner of NovaWorld Phan Thiet marine tourism and entertainment economic urban area. Key project recognized by law. NovaWorld Phan Thiet marine tourism and entertainment economic urban area (Ocean Valley tourist area complex) is one of the key projects in Lam Dong province with a scale of nearly 1,000 hectares, investment capital of about 5 billion USD, developed by Novaland Group. The project is well-planned according to the impressive 10 cities in 1 city model along with a complete ecosystem, providing a full package from Stay (stay), Play (fun, entertainment) to Eat (cuisine). In recent times, the Provincial Party Committee - Peoples Committee of Binh Thuan province (formerly) along with ministries and central branches have closely directed and accompanied to remove legal problems related to NovaWorld Phan Thiet. The project has been approved. Peoples Committee of Binh Thuan province (former) Approving 1/500 planning, investment policies, construction permits and many procedures on land, environment and technical infrastructure. In particular, in June 2025, two important legal decisions were issued. On June 24, 2025, the Peoples Committee of Binh Thuan province also issued a decision on approving the investment policy adjustment for the NovaWorld Phan Thiet project. Specifically: the projects goal is updated in the direction of investing in villas and commercial areas for sale and business (commercial and service land); Investing in the construction of high-class hotels and public works areas (green trees, water surface, technical infrastructure, roads, sports); Combining investment in construction projects: golf courses, bungalows, hotels, restaurants and various types of amenities, entertainment, sports entertainment such as swimming pools, exploration, picnics, windsurfing, camping... serving a variety of domestic and foreign customers. On June 27, 2025, the Peoples Committee of Binh Thuan province (formerly) issued a decision approving the NovaWorld Phan Thiet project (Ocean Valley tourist area complex) from annual land rental to one-time payment for the entire rental period, helping the investor complete financial obligations to complete legal requirements and accelerate project completion. The completion of a key legal step has created conditions to speed up progress and elevate NovaWorld Phan Thiet into a world-class tourism highlight. With the approved decisions, NovaWorld Phan Thiet has completed a key legal step. This is also an important basis for the project to continue to complete implementation, hand over products and operate synchronously, developing in the right direction as a tourism urban area - marine economy. Thereby, promoting tourism and local economy - society, representative Novaland said. NovaWorld Phan Thiet: Real project, real operation, real efficiency According to records, in just the first 9 months of 2025, NovaWorld Phan Thiet has welcomed more than two million visitors to visit, relax and experience. Resorts and villas for rent are always full of guests, occupancy capacity exceeds expectations, reaching more than 95%. Amusement parks and theme parks are crowded with tourists visiting, having fun, and exploring. To date, more than 1,500 real estate products at the project have been handed over, of which 750 have been fully furnished and put into operation for rent. Beach villas at NovaWorld Phan Thiet are crowded with tourists. Novaland said that the group is currently accelerating the progress of completing key subdivisions and amenities, aiming to make NovaWorld Phan Thiet a vibrant, multi-experience destination, contributing to promoting the tourism - economic - social development of Lam Dong province, while creating thousands of more stable jobs for local workers. Golf Villa subdivisions, Florida 3.6 and Florida 3.7 are being built. speed up the handover progress. Particularly, the area mentioned in the recent trial has been completed more than 80% of the progress, customer Tran Hong Sons house is more than 90% complete. Exciting construction atmosphere at Florida 3.6 subdivision, NovaWorld Phan Thiet. Many experts and investors say that NovaWorld Phan Thiet is a real project, with clear legalities, being actively resolved and supported by authorities at all levels. With continuous construction progress and increasingly perfect infrastructure and amenities, NovaWorld Phan Thiet is changing day by day, affirming its position as an international-class coastal tourism urban area in Vietnam. The villa in Mr. Tran Hong Sons NWPT project has completed over 90% of progress. Regarding the Novaworld Phan Thiet project, customers have recently been quite confused with information from the conclusion of the Peoples Court of Region 7 - Ho Chi Minh City that this is a bogus real estate. We contacted the NovaReal brokerage unit and the Investor and learned that this is a key tourism project in Lam Dong province, has been operating for many years, many subdivisions have been handed over to customers and put into operation. The project area alone isMentioned at the trial, construction has been completed at over 80% of the progress. With the apartment of customer Tran Hong Son in the lawsuit, construction has been completed more than 90%. This is a project that has been directed by competent authorities to remove legal problems, approved investment policies and is currently being implemented in accordance with legal regulations. Nguyen DucSee moreSee moreSee moreSee moreSee moreSee mo
