Five Star Odyssey Vũng Tàu

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.