What Van Phuc City - Khu đô thị Vạn Phúc does

Van Phuc City (Khu đô thị Vạn Phúc) is a 198-hectare master-planned urban township developed by Van Phuc Group (Tập đoàn Bất động sản Vạn Phúc) in Thu Duc City, Ho Chi Minh City, Vietnam. The project occupies one of three peninsulas along the Saigon River, with three sides bordering the river and direct frontage on Quoc Lo 13 (National Highway 13), approximately 15-20 minutes from District 1, the Thu Thiem peninsula, and Tan Son Nhat Airport. The development was initiated by Van Phuc Group, which claims over 30 years of operating history in Vietnamese real estate, and the legal entity is identified as Tập đoàn Bất động sản Vạn Phúc and Công ty CP Đầu tư Địa ốc Vạn Phúc. The company was founded in 1995 and the project is privately held with no public listing.

The product portfolio is diversified across residential and commercial real estate, with approximately 40% of land allocated to construction and 60% reserved for green space, water features, and public amenities. Residential offerings include Sunlake Villas, Royal Van Phuc, Parkview Villa, Van Phuc Mansion, Golden Shophouse, and the upcoming Diamond Sky and Diamond Valley apartments, with townhouse prices ranging from 24-35 billion VND and Sunlake Villas from 33 billion VND. The amenity ecosystem is a defining component and includes the Van Phuc Water Show (a 200+ billion VND European-technology musical fountain on the 16-hectare Dai Nhat Lake), Diamond Square event venue (capacity 5,000+), the Dragon Bay yacht harbor (managed by Vietyacht), the 3.4km The Long Park riverside promenade, a 350-bed Van Phuc Saigon Hospital, the Emasi international bilingual school, golf and sports facilities, and clubhouses including Sugar Town and Lux Restaurant. The company reports approximately 10,000 residents in occupancy and 500+ commercial brands operating within the township.

The business model combines one-time real estate sales (townhouses, villas, apartments) with recurring streams: commercial rental of shophouses and retail, event venue rental (hosting Miss Earth 2023, Ravolution Music Festival 2023, WATERBOMB 2025, Anh Trai Say Hi concerts), ticketed water show admissions (250,000-299,000 VND adult / 150,000 VND child), and ongoing service fees for property management and amenities. The total project investment is stated at 3 billion USD, and additional capital is earmarked for the planned 300 million USD Ocean World Ho Chi Minh water park in joint development with South Korea's Daemyung Group. Distribution is direct-to-consumer through on-site sales galleries, the vanphuc.net website, hotlines, and the vanphucwatershow.com / Ticketbox.vn ticketing channels; no third-party resellers are used. The developer claims a 300% property price appreciation for Van Phuc Riverside products over a three-year period.

Name

Van Phuc City - Khu đô thị Vạn Phúc

Legal name

Tập đoàn Bất động sản Vạn Phúc (Van Phuc Group)

Website

https://vanphuc.net

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Van Phuc City is a privately developed 198-hectare master-planned urban township in Thu Duc City, Ho Chi Minh City, offering waterfront residential units (townhouses, villas, apartments), commercial space, and resort-style amenities (water show, marina, hospital, school) to affluent Vietnamese families, commercial tenants, and event organizers.

Ownership category

akta.pro rank

Product category

Master-Planned Urban Township Real Estate Development

NAICS

Arts, Entertainment, and Recreation (71)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Urban Planning & Master Planning (BPAHAKAD)

akta.pro secondary industry

Resort/Hotel-Integrated Parks (On-Property Theme/Water Parks) (THAJAEAF)

Keywords

• Master-planned urban township
• Residential real estate development
• Waterfront property development
• Mixed-use real estate
• Luxury residential development

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Sales: Primary revenue from selling residential properties including townhouses (shophouses), villas, and apartments within the 198ha urban development. Properties include Van Phuc River Side City, Golden Shophouse, Royal Van Phuc, Sunlake Villas, Parkview Villa, Van Phuc Mansion, Diamond Sky, and Diamond Valley apartments.
2. Commercial Rental: Revenue from renting commercial spaces including shop houses along commercial streets, clubhouses (Sugar Town, Lux Restaurant), and retail spaces. Over 500 commercial brands operate within the township.
3. Event Venue Rental: Revenue from hosting events at venues including Diamond Square (5,000+ capacity), yacht harbors, and waterfront areas. Major events include Miss Earth 2023, Ravolution Music Festival, WATERBOMB 2025, and Anh Trai Say Hi concerts.
4. Van Phuc Water Show Tickets: Ticket sales for the water music fountain show. Pricing varies by event: adults 250,000-299,000 VND, children 150,000 VND (under 1.4m), special promotional pricing available.
5. Service Fees: Property management and maintenance fees from residents, including access to amenities such as swimming pools, parks, and sports facilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Van Phuc City is a 198-hectare master-planned urban township along the Saigon River in Thu Duc City, Ho Chi Minh City, developed by Van Phuc Group with a stated 3 billion USD investment. The company develops and sells residential real estate (townhouses/shophouses, villas, and high-rise apartments) under sub-brands including Sunlake Villas, Royal Van Phuc, Parkview Villa, Van Phuc Mansion, Diamond Sky, Diamond Valley, and Van Phuc Center, supported by integrated amenities such as the Van Phuc Water Show, Diamond Square event venue, Dragon Bay Marina, The Long Park riverside promenade, Van Phuc Saigon Hospital, and Emasi International Bilingual School. Supplementary revenue is generated from commercial space rentals, ticketed entertainment, event venue rentals, and property management service fees.

Product overview

Van Phuc City is a large-scale master-planned urban township spanning 198 hectares along the Sai Gon River in Thu Duc City, Ho Chi Minh City, developed by Van Phuc Group with over 30 years of experience. The project features a diversified product portfolio including low-rise residential products (Sunlake Villas, Royal Van Phuc, Parkview Villa, Van Phuc Mansion) and high-rise apartments (Diamond Sky, Diamond Valley, Van Phuc Center planned), complemented by extensive resort-style amenities such as the Van Phuc Water Show on Dai Nhat Lake, Diamond Square event venue, Dragon Bay Marina, The Long Park riverside promenade, sports facilities, healthcare (Van Phuc Saigon Hospital), and education (Emasi Bilingual School). The township allocates 60% of its area to green space, water features, and public amenities, with construction density limited to 40%.

Differentiator

Problem solved

Functional benefit

Brands

• Diamond Sky: Luxury apartment product line within Van Phuc City, offering 3-in-1 views of Saigon River, Đại Nhật lake, and Sông Trăng canal
• Diamond Valley
• Sunlake Villas
• Royal Van Phuc
• Parkview Villa
• Van Phuc Mansion
• Golden Shophouse
• Van Phuc Center
• Ocean World Ho Chi Minh
• Van Phuc Water Show
• Marina Royal
• Dragon Bay

Products and services

• Van Phuc City Master Township The overarching 198-hectare mixed-use urban township development along the Saigon River in Thu Duc City, Ho Chi Minh City, encompassing residential, commercial, entertainment, healthcare, and education components.
• Sunlake Villas Premium villa/townhouse product overlooking Dai Nhat Lake with 3-in-1 views of the lake, Saigon River, and Song Trang Canal, featuring a central Imperial pool amenity. Listed starting from 33 billion VND.
• Royal Van Phuc European-style walking street and commercial district with Italian-inspired architecture along Dinh Thi Thi road, featuring dual-facing shophouses for retail and entertainment use. Townhouse pricing 24-35 billion VND.
• Diamond Sky Apartments Upcoming luxury apartment tower project within Van Phuc City offering panoramic 3-in-1 views of Saigon River, Dai Nhat Lake, and Song Trang Canal, with direct views of water fountain shows and Diamond Square events.
• Diamond Valley Apartments Planned luxury apartment complex within the Van Phuc City township, part of the high-rise apartment cluster around Dai Nhat Lake.
• Van Phuc Mansion Ultra-premium villa line limited to 27 exclusive units along the Saigon River, with mansion configurations of 460 sqm (basement + 3 floors) and villa configurations of 230 sqm (basement + 4 floors), featuring rooftop pools and luxury amenities.
• Parkview Villa Commercial townhouse with dual premium views of Song Trang Canal and the outdoor sports complex (climbing tower, tennis courts, children's playground), plus a Saigon River view. Delivered in 2024.
• Van Phuc Water Show European-technology water fountain and synchronized light-music show on Dai Nhat Lake (120m width, 60m-high water columns, 35m-high fountains, over 400 multi-functional spray heads), open as a ticketed entertainment attraction for visitors and residents. Ticket pricing: adults 250,000-299,000 VND, children under 1.4m 150,000 VND.
• Diamond Square Event Plaza Central plaza with capacity for over 5,000 people, available for venue rental to host major events, concerts, brand activations, and festivals including Miss Earth 2023 finals, Ravolution Music Festival, WATERBOMB 2025, and Anh Trai Say Hi concerts.
• Dragon Bay Marina Yacht harbor with 100m length accommodating approximately 20 vessels across 2 large piers, managed in partnership with Vietyacht (exclusive management and operation partner). Opened May 2, 2024.
• The Long Park (Riverside Park) Riverside park along the Saigon River spanning 3.4km with total area of 11-12 ha, part of the continuous belt road around the township. Open as a public amenity for residents and visitors.
• Van Phuc Center Planned mixed-use shopping center and luxury apartment complex on nearly 1 ha of land, comprising 2 apartment towers of 21 floors with 600 units ranging from 1-3 bedrooms, integrated with commercial podium.
• Van Phuc Saigon Hospital 6-story, 350-bed multi-specialty hospital with advanced medical equipment and quality medical staff, providing healthcare services to township residents and the surrounding area.
• Emasi International Bilingual School International bilingual school (with affiliated Hugo House preschool) located within Van Phuc City, providing Cambridge and American Common Core curricula from kindergarten through high school; Van Phuc City residents receive a 20% tuition discount.

Quantifiable outcome

• Property price appreciation of 300% over 3 years for Van Phuc Riverside products
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered minor, major and core.

• VinFastminorGTM or Marketing Partner · 14 July 2024Van Phuc Group served as venue sponsor for THE NINE by VinFast launch event held at Marina Royal yacht harbor. The event featured VinFast vehicles, luxury brands, and celebrity appearances including supermodel Thanh Hang and singer Chi Pu.
• Daemyung Group (Korea)majorStrategic or Co-development Partner · 1 May 2017Joint development partnership with Korean Daemyung Group (top 10 in Korea) for Ocean World Ho Chi Minh international entertainment park. Ocean World is one of Korea's most famous water parks. The project has 300 million USD investment and capacity for 10,000+ visitors. Planned to include water slides, artificial beach with 3m waves, 300m lazy river, spa facilities, restaurants, and 5-star hotel.
• Emasi International Bilingual SchoolcoreStrategic or Co-development PartnerOn-site international bilingual school providing Cambridge and American Common Core curricula. Van Phuc City residents receive 20% tuition discount. Part of comprehensive education ecosystem including Hugohouse preschool.
• VietyachtcoreImplementation/ SI/ Consulting PartnerExclusive management and operation partner for Dragon Bay yacht harbor. Vietyacht is a leading yacht distributor in Vietnam. Dragon Bay harbor is 100m long with 2 large piers.
• Van Phuc City General HospitalcoreStrategic or Co-development Partner6-story, 350-bed multi-specialty hospital with advanced medical equipment and quality medical staff. Provides healthcare services for residents and surrounding areas.
• PepsiminorGTM or Marketing PartnerPepsi co-sponsored Ravolution Music Festival 2023 (3rd year of partnership) at Van Phuc City. Festival attracted thousands of attendees.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Sun Group: Large Vietnamese conglomerate developing resort and entertainment-integrated townships (e.g., Sun World complexes, Sun Grand City, Phu Quoc projects) combining residential, theme park, and hospitality — closely aligned with Van Phuc City's mixed-use and event-driven positioning.
• Novaland Investment Group: One of Vietnam's largest privately held real estate developers with multiple master-planned township projects including Aqua City and NovaWorld, sharing the same target market of affluent Vietnamese urban residents and integrated amenity strategy.
• Phu My Hung Corporation: Taiwanese-Vietnamese joint venture that developed the Phu My Hung urban area in District 7, HCMC — a large-scale master-planned mixed-use township with residential, commercial, hospital (FV Hospital), and international school components that closely mirrors Van Phuc City's integrated amenity model.
• Ecopark Corporation: Developer of the Ecopark eco-township in Hung Yen near Hanoi, a large master-planned residential community built around lakes, green space, and integrated amenities with a similar premium waterfront/eco positioning to Van Phuc City.
• Vinhomes (Vinhomes JSC): Vietnam's largest listed real estate developer and the dominant master-planned township operator, with flagship projects such as Vinhomes Ocean Park and Vinhomes Grand Park featuring integrated amenities, lakes, parks, and entertainment venues comparable to Van Phuc City's positioning.
• Nam Long Investment Corporation: Established Vietnamese real estate developer with master-planned townships such as Ehome Southgate, Fuji, and Valora, targeting the same mid-to-upper residential segment with integrated amenities and township planning.

Broad incumbents

• Gamuda Land (Vietnam): Malaysian-listed developer with Vietnamese townships such as Celadon City and Elysian, applying master-planned township models similar to Van Phuc City while operating across multiple Southeast Asian geographies as a regional incumbent.
• CapitaLand (Vietnam): Singapore-headquartered real estate group operating residential (e.g., The Vista, Feliz en Vista) and integrated developments in HCMC, competing in the same premium residential market as Van Phuc but as a multinational incumbent with broader portfolio exposure.
• Keppel Land (Vietnam): Singapore-based international developer with a substantial Vietnam portfolio of mixed-use and residential projects (e.g., Saigon Centre, Estella), operating as a broader incumbent in the same urban real estate market as Van Phuc City but with a wider Southeast Asian footprint.

Regional players

• Becamex IDC / VSIP: Vietnamese state-linked developer of large integrated industrial-urban townships (VSIP network) across Binh Duong and other provinces; comparable scale of land development and integrated township planning but with a primarily industrial-anchored focus rather than Van Phuc's residential/event-driven model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/van-phuc-city-official

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Van Phuc City - Khu đô thị Vạn Phúc