Gia Lai province in Vietnam has approved three floating urban-tourism projects at De Gi Lagoon with a combined value of about 8.5 trillion VND (over $322 million USD). Investment licences were handed to Arque Degi JSC on 28 November 2025. The projects are planned to support long-term tourism and service development in the southeastern growth corridor.
Spanning more than 500 hectares across De Gi and An Luong communes, the developments feature floating hotels, villas, resort areas, retail and service facilities, green zones, social amenities and a superyacht marina. Arque Degi will operate the projects for 50 years, managing floating service areas and a coordinated transport network.
Secretary of the provincial Party Committee Thai Dai Ngoc said the projects form “a significant milestone in the province’s socio-economic development strategy”. He added that provincial authorities expect the developments to draw “global billionaires, political figures and leading personalities seeking premium leisure experiences”.
According to Vietnam Finance, the three projects are divided into Subdivision 16.1 (Southern De Gi), Subdivision 16.2 (Central De Gi) and Subdivision 16.3 (Northern De Gi). Subdivision 16.1 in De Gi Commune spans approximately 225 hectares with an investment of more than $86 million, including $7.5 million for compensation and resettlement.
Subdivision 16.2 covers around 187 hectares in An Luong Commune, with a total investment of $102 million and a projected contribution of 5.2% to the provincial budget. Subdivision 16.3, also in An Luong Commune, occupies about 160 hectares with an investment exceeding $135 million.
Tong Duc Hieu, Chairman of Lac Viet Group and Director of Arque Degi JSC, described De Gi Lagoon as the “world’s first fully zero-emission floating superyacht community”, adding that it is “an unprecedented model designed to position Vietnam at the forefront of global luxury and sustainable living”.
Before selecting the Cat Tien-De Gi area, Arque Degi, Finance Suisse and Palmer Johnson surveyed roughly 3,200 kilometres of Vietnam’s coastline, citing natural conditions, climate and cultural factors as elements for the site choice.
Vietnam Finance also reported that Arque Degi JSC was first registered in September 2024 with full domestic ownership and a charter capital of $56 million. The company is now the subject of a proposed share transfer.
Palmer Johnson Inc. and Panasuisse International have requested approval to acquire 75% of the company’s shares. If approved, Palmer Johnson would hold 65% and Panasuisse International 10%. Palmer Johnson is a long-established superyacht builder, while Panasuisse International operates within the Finance Suisse AG network, providing asset management and financial services.
