UK-based Atkins Inc. has created a master plan for the development of a new resort hotel, marina, and luxury villas for Vung Ro Bay. The development is supposed to include several hotels, over 4300 apartments, 100 luxury townhouses, a variety of retail shops,, schools, and healthcare facilities. Although construction was slated to begin in 2014, nothing has been done as yet.
The marina will be under the stewardship of ONE 15 Marina Club, of Singapore. This will be their first venture into Vietnam, and they will be in partnership with Vung Ro Petroleum Co.
The Vung Ro Bay Master Plan won the Silver Award at the 2013 MIPIM Asia Summit in Hong Kong, an annual gathering of the top real estate professionals from around the world.