On September 6, 2025, Hòa Bình Construction Group (HBC) signed a contract as the general contractor for Phase 1 of the Gold Coast Vũng Tàu project with Gold Coast Holdings, with a total investment value for this phase reaching 132 trillion VND ($5 billion). The project is part of Ho Chi Minh City’s urban expansion strategy, strategically located near National Route 51 and conveniently connected to major highways. Covering over 1,000 hectares with a 30% construction density, Gold Coast Vũng Tàu prioritizes green spaces and aims to develop according to international standards, focusing on commerce, education, sports, and tourism.
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