This Vietnamese integrated resort is about to undergo a major transformation, fueled by a massive US$1 billion Phase 2 investment. Get ready to witness the evolution of this already impressive destination as it expands its offerings and elevates the visitor experience, starting this year!

New CEO, New Era

The driving force behind this acceleration is none other than the newly appointed CEO, Alan Teo. Fresh off his role as COO of NUSTAR in the Philippines, Teo's arrival signals a strategic push for growth and innovation. Hoiana believes Teo is the right person to lead the resort into its next chapter. As Teo himself stated, "I am truly honored to join the exceptional team at Hoiana Resort & Golf as the CEO. Together, we will embrace innovation, continue delivering cutting-edge solutions to our clients, and explore new opportunities for growth.” 

What Does This Mean for You?

Aside from the sheer scale of the project being impressive, Phase 2 promises a whole host of benefits:

• More to Explore: The expansion will cover nearly 209 hectares, meaning more attractions, entertainment, and luxurious experiences for visitors. Imagine even more restaurants, shops, and thrilling activities to fill your days!
• Economic Boost: This isn't just good for tourists; it's a win for the local economy too! The project is expected to generate 2,500 direct jobs and 5,000 indirect jobs over the next two years. That's a huge boost for the region's economic and social development.

Behind the Scenes

There have been some interesting changes in Hoiana's ownership structure recently. Hong Kong-based investment firm VMS Group now holds a 75% stake in Hoi An South Development Ltd (HASD), the operator of Hoiana. This restructuring also saw Steve Wolstenholme step down as President and CEO after seven years, with Benny Chong (VMS Group Chairman and CEO) taking over as President of HASD.

What's Next?

With fresh leadership, significant investment, and a clear vision for the future, Hoiana is poised to become an even bigger player in the Asian integrated resort scene. Keep an eye on this one, folks – it's going to be an exciting ride!