Da Nang Adds Cocobay and Three Other Projects to List for Special Measures
On November 6, 2026, the Da Nang city government added Cocobay and the DAP, DAP1 and DAP2 projects to a list eligible for special measures to address long-standing problems. City inspectors had identified issues involving investment, planning and land procedures at the projects.
On November 6, 2026, the Da Nang city government decided to add four projects—The Empire (Cocobay), DAP, DAP1 and DAP2—to the list eligible for special measures under National Assembly Resolutions No. 170/2024/QH15 and No. 29/2026/QH16. The city government approved the list on May 21, 2026, to address difficulties and obstacles affecting long-standing projects.
Cocobay was formed when Thanh Do Investment Development and Construction JSC acquired and consolidated seven component projects. In findings dated September 15, 2026, Da Nang city inspectors identified shortcomings in the project’s investment, planning, construction and land procedures. These included investment approval documents for the consolidated project that did not show the required review, and some construction permits issued without the required documents. The inspectors concluded that state management agencies responsible for reviewing and issuing project documents bore a substantial share of responsibility for the problems, providing grounds for the project to qualify for the special measures.
The Cocobay project development area. Photo provided by the developer.（VietVance）
The DAP, DAP1 and DAP2 projects involve DAP Co., Ltd., DAP1 Co., Ltd. and DAP2 Co., Ltd., respectively. City inspectors found that some incentives in the projects’ initial investment certificates did not comply with regulations. Earlier detailed plans also conflicted with the general plans approved at the time. According to an appendix to the inspection findings, the designated land uses at the project sites now largely conform to the current general and zoning plans.
On land matters, inspectors found that the three projects had been allocated or leased land without an auction of land use rights or a tender for the relevant projects. They also identified problems with the setting and reduction of land rent. Da Nang’s Department of Agriculture and Environment has hired a consultant to help determine the projects’ land rent so that the related financial obligations can be calculated. The inspectors concluded that the three projects also have grounds to qualify for the special measures.
Source: VietVance
