A 50-storey condotel and 5-star hotel complex fronting Thuy Van Street, in the heart of Back Beach (Bai Sau), Vung Tau
🏢 Công ty CP Tổng hợp Thế Giới Xanh (Green World) - thành viên Tập đoàn Quốc tế Năm Sao (Five Star Group) · 📍 Vung Tau Ward (formerly Thang Tam), Ho Chi Minh City
PriceThe developer has not released an official price list; the project is in its priority registration stage, and the product is a tourist apartment (condotel) rather than a residential apartment - the certificate is issued for the project's land use term. Happy Land will update the price list and inventory as soon as Five Star Group publishes them.
Price/m²Chưa công bố chính thức (tham khảo mặt bằng chung của khu vực, không phải giá Five Star Odyssey: giá căn hộ ven biển Vũng Tàu đã vượt 100 triệu đồng/m² theo ghi nhận thị trường tháng 5/2026)
SizeChủ đầu tư chưa công bố chính thức
HandoverNo official handover date has been announced. The project broke ground on 24 March 2024, received construction permit No. 46/GPXD dated 15 June 2025, officially started construction on 21 June 2025 and has been executing structural works since July 2026 (for reference).
ScaleLand area 8,189.2 sqm; 50 above-ground floors (approximately 196.5-199.5 m tall depending on the source: the developer's website states 196.5 m, CAND newspaper states 199.5 m) and 4 basement levels; total floor area about 193,930 sqm; 1,031 hotel apartments (condotel) and 436 five-star hotel rooms according to the developer's website fivestarvungtau.com.vn (CAND newspaper reports 996 tourist apartments and 427 hotel rooms); total investment of nearly VND 4,000 billion.
Overview
About Five Star Odyssey Vũng Tàu
Five Star Odyssey is a five-star hotel and tourist apartment (condotel) complex at 165 Thuy Van, Vung Tau Ward (formerly Thang Tam Ward), Ho Chi Minh City. The project faces Back Beach (Bai Sau) directly and is being developed on an 8,189.2 sqm site with 50 above-ground floors and 4 basement levels, standing roughly 196.5-199.5 m tall depending on the source (the developer's website states 196.5 m, CAND newspaper states 199.5 m), for a total floor area of about 193,930 sqm. On unit numbers, the developer's website announces 1,031 hotel apartments (condotel) and 436 five-star hotel rooms; CAND newspaper records 996 tourist apartments and 427 hotel rooms, while VnExpress (July 2026) cites a combined figure of more than 1,200 apartments and hotel rooms - so buyers should cross-check the figures against the official sales documentation. The architecture is inspired by a lighthouse rising above the coastal city. On the legal and construction timeline: the ground-breaking ceremony took place on 24 March 2024; construction permit No. 46/GPXD was issued on 15 June 2025; the project officially started construction on 21 June 2025 and the structural works ceremony was held on 13 July 2026. Sol E&C is the design-and-build main contractor, with Artelia as supervision consultant. At the same time, the developer began work on sea tunnel No. 4 along the Thuy Van axis.
On the legal side, note that this is a **tourist apartment (condotel)** product on commercial-service land, not a residential apartment: the certificate is granted for the project's land use term rather than as a long-term residential pink book (so hong). That single point governs the ownership term, how the unit can be operated for rent, and who is eligible to be named on the title. The developer has not yet released an official price list: distributors are running a priority registration/deposit phase with reference prices that differ very widely, so any figure circulating in the market should be checked against official documents from the developer before you commit funds. The "above VND 100 million per sqm" level often quoted is only the general benchmark for beachfront apartments in Vung Tau as recorded by the market in May 2026, not Five Star Odyssey's selling price.
**About the developer.** The project is developed by Green World General Joint Stock Company (Cong ty CP Tong hop The Gioi Xanh), a member of Five Star Group (Tap doan Quoc te Nam Sao). Under the 2024 investment approval decision, total project capital is nearly VND 4,000 billion. On the same Thuy Van axis, Five Star Group is also developing a twin project, the 43-storey Five Star Poseidon registered under AgriTour - a separate project that should not be confused with Five Star Odyssey. The developer has announced partnerships with international firms for design, management and operation, with the hotel block expected to be operated by Accor under the Mövenpick brand. The project was also honoured at the Hubexo Asia Awards 2026.
**Who is it for?** The product is aimed at Vietnamese investors seeking a cash-flow asset driven by coastal tourism, who accept a term-limited ownership model tied to the land use term and entrust operations to a hotel management company. It is not a choice for buyers who want a long-term home or need a long-term residential pink book, and it is not yet suitable for foreign buyers: under current regulations, foreign individuals may not buy or lease-purchase a tourist apartment in Vietnam or be named as its owner, and the proposal to allow this is still only at draft stage (Ministry of Construction, July 2026). Investors should model the operating commitment, management fees, profit-sharing ratio and payment schedule carefully before signing.
Happy Land follows the legal progress and launch plans of Five Star Odyssey closely. Contact the Happy Land team to receive the developer's original price list, updated inventory by floor and sea view, payment policies and a legal cross-check as soon as the project is officially released.
Five Star Odyssey Vũng Tàu gallery
Location
Location & connectivity
📍 Vung Tau Ward (formerly Thang Tam), Ho Chi Minh City
Five Star Odyssey stands at 165 Thuy Van, in Vung Tau Ward - the new administrative unit merged on 1 July 2025 from Thang Tam and Thang Nhi wards and former Wards 1 to 5 of Vung Tau City, now under Ho Chi Minh City following the merger of Ba Ria - Vung Tau. This is a frontage position facing Back Beach (Bai Sau), the longest and most vibrant bay in Vung Tau, where most of the city's hotels, restaurants and tourism services are concentrated. Directly opposite the project is Thuy Van beach park, inaugurated in December 2025 with total capital of more than VND 1,000 billion, covering nearly 20 ha along 3.2 km of coastline with a central plaza, artistic lighting and underground public service stations - a project that has visibly transformed the entire Thuy Van axis. For regional connectivity, the Bien Hoa - Vung Tau expressway opened along its full length in May 2026, sharply cutting travel time from Ho Chi Minh City and Dong Nai while linking through to Long Thanh International Airport. Within a few kilometres, guests and investors can quickly reach Vung Tau market, the Christ the King statue on Nui Nho, Bach Dinh (the White Palace), the high-speed ferry pier to Ho Chi Minh City, Paradise golf course and the area's existing hospitals and shopping centres. With central beachfront land becoming ever scarcer, projects on the Thuy Van axis hold a location advantage that is hard to replace.
Thuy Van beach (Back Beach) - directly in front of the project
Thuy Van beach park, nearly 20 ha - opposite the project, 1-minute walk
Christ the King statue (Nui Nho) - about 2 km, 5 minutes by car
Paradise Golf Course Vung Tau - about 2 km, 5 minutes by car
Vung Tau market - about 3 km, 8 minutes by car
Vung Tau high-speed ferry pier to Ho Chi Minh City - about 5 km, 12 minutes by car
Bien Hoa - Vung Tau expressway interchange (Ba Ria area) - about 20 km, 25 minutes by car
Long Thanh International Airport - about 70 km, 60-70 minutes via the expressway
Frontage on Thuy Van Street, right in the heart of Back Beach (Bai Sau) - Vung Tau's liveliest coastal strip and one of its scarcest land banks
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50 above-ground floors, roughly 196.5-199.5 m tall depending on the source - one of the tallest buildings under construction in Vung Tau
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About 1,031 tourist apartments (condotel) and 436 five-star hotel rooms in a single complex, with architecture inspired by a lighthouse
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Sol E&C as design-and-build main contractor and Artelia as supervision consultant; officially started on 21 June 2025, with structural works under way since July 2026
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According to the developer's announcement, the hotel block is expected to be operated by Accor under the Mövenpick brand
Amenities
Amenities
Sea-facing infinity poolInternational conference centre for more than 1,000 guestsRetail, service and entertainment podiumGym and spa to five-star hotel standardRestaurants, cafe and high-floor barSky garden and co-working spaceFour basement parking levels connected directly to Thuy Van beach park
🌏 For foreign buyers
Not applicable. Five Star Odyssey is a tourist apartment (condotel) developed on commercial-service land rather than commercial housing, so it does not fall within the scope of the 30% foreign ownership cap set by the 2023 Housing Law. Under current regulations, foreign individuals may not yet buy or lease-purchase tourist apartments in Vietnam; the proposal to allow this is still only at draft stage (Ministry of Construction, July 2026). Vietnamese buyers receive a certificate valid for the project's land use term (distributors state 50 years - for reference only; this should be checked against the land allocation decision). Eligibility must be checked for the property type, project, specific unit and buyer. Read the foreigner guide →
FAQ
Frequently asked questions
What kind of project is Five Star Odyssey?
Five Star Odyssey is a five-star hotel and tourist apartment (condotel) complex at 165 Thuy Van, Vung Tau Ward (formerly Thang Tam), Ho Chi Minh City. It has 50 above-ground floors and 4 basement levels, standing roughly 196.5-199.5 m tall depending on the source, on a site of 8,189.2 sqm. According to the developer's website, the complex comprises 1,031 hotel apartments (condotel) and 436 five-star hotel rooms (CAND newspaper reports 996 tourist apartments and 427 hotel rooms). The developer is Green World General Joint Stock Company (Cong ty CP Tong hop The Gioi Xanh), part of Five Star Group (Tap doan Quoc te Nam Sao), with total capital of nearly VND 4,000 billion. The project broke ground on 24 March 2024, officially started construction on 21 June 2025 and has been executing structural works since July 2026 with Sol E&C as main contractor.
How much does Five Star Odyssey Vung Tau cost?
As of August 2026, the developer has not issued an official price list. The project is in a priority registration/deposit phase run through distributors, and the price levels circulating in the market differ so widely that they should not be used as a basis for decisions. Note also that the product is a tourist apartment (condotel) whose certificate is granted for the project's land use term, so it cannot be compared directly with a residential apartment. Purely as a regional benchmark (not Five Star Odyssey's price), beachfront apartment prices in Vung Tau had passed VND 100 million per sqm according to market records in May 2026. Happy Land will send the original price list and inventory as soon as Five Star Group publishes them.
Can foreigners buy at Five Star Odyssey?
Not at present. Five Star Odyssey is a tourist apartment (condotel) on commercial-service land and does not fall within commercial housing, so the 30% foreign ownership cap under the 2023 Housing Law does not apply. Under current regulations, foreign individuals may not yet buy or lease-purchase a tourist apartment in Vietnam or be named as its owner; the proposal to allow this is still only at draft stage (Ministry of Construction, July 2026). Foreign buyers interested in Vung Tau real estate should consider commercial residential apartment projects that still have slots within the 30% quota.
What is the price of Five Star Odyssey Vũng Tàu?
Five Star Odyssey Vũng Tàu is priced The developer has not released an official price list; the project is in its priority registration stage, and the product is a tourist apartment (condotel) rather than a residential apartment - the certificate is issued for the project's land use term. Happy Land will update the price list and inventory as soon as Five Star Group publishes them. (around Chưa công bố chính thức (tham khảo mặt bằng chung của khu vực, không phải giá Five Star Odyssey: giá căn hộ ven biển Vũng Tàu đã vượt 100 triệu đồng/m² theo ghi nhận thị trường tháng 5/2026)). Contact Happy Land for the detailed price list and current available units.
Who is the developer of Five Star Odyssey Vũng Tàu?
Five Star Odyssey Vũng Tàu is developed by Công ty CP Tổng hợp Thế Giới Xanh (Green World) - thành viên Tập đoàn Quốc tế Năm Sao (Five Star Group), located in Vung Tau Ward (formerly Thang Tam), Ho Chi Minh City. Project scale: Land area 8,189.2 sqm; 50 above-ground floors (approximately 196.5-199.5 m tall depending on the source: the developer's website states 196.5 m, CAND newspaper states 199.5 m) and 4 basement levels; total floor area about 193,930 sqm; 1,031 hotel apartments (condotel) and 436 five-star hotel rooms according to the developer's website fivestarvungtau.com.vn (CAND newspaper reports 996 tourist apartments and 427 hotel rooms); total investment of nearly VND 4,000 billion..
What stage is Five Star Odyssey Vũng Tàu at and when is handover?
Five Star Odyssey Vũng Tàu is currently coming soon. Expected handover: No official handover date has been announced. The project broke ground on 24 March 2024, received construction permit No. 46/GPXD dated 15 June 2025, officially started construction on 21 June 2025 and has been executing structural works since July 2026 (for reference).. Contact Happy Land for the latest construction progress and available units.
Where is Five Star Odyssey Vũng Tàu and what is nearby?
Five Star Odyssey Vũng Tàu is located in Vung Tau Ward (formerly Thang Tam), Ho Chi Minh City. Notable connections and amenities: Thuy Van beach (Back Beach) - directly in front of the project; Thuy Van beach park, nearly 20 ha - opposite the project, 1-minute walk; Christ the King statue (Nui Nho) - about 2 km, 5 minutes by car; Paradise Golf Course Vung Tau - about 2 km, 5 minutes by car.
Can foreigners buy Five Star Odyssey Vũng Tàu?
Not applicable. Five Star Odyssey is a tourist apartment (condotel) developed on commercial-service land rather than commercial housing, so it does not fall within the scope of the 30% foreign ownership cap set by the 2023 Housing Law. Under current regulations, foreign individuals may not yet buy or lease-purchase tourist apartments in Vietnam; the proposal to allow this is still only at draft stage (Ministry of Construction, July 2026). Vietnamese buyers receive a certificate valid for the project's land use term (distributors state 50 years - for reference only; this should be checked against the land allocation decision). Happy Land helps check buyer eligibility, project documents and the specific unit before a transaction.
Vung Tau, Greater Ho Chi Minh City — Long Thanh Airport corridor
1–2 bedroom condotels (≈44–91 m²); beachfront villas 350–500 m² 23 ha mặt biển Bãi Sau / Chí Linh, đường 3/2
From around 2.9 billion VND per condotel unit (approx. 42–48 million VND/m²); villas from around 60 million VND/m². Reference prices only — contact Happy Land for the official price list.View details →
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