Indochina Kajima commences Phu Yen luxury tourism project 13:04 | 05/04/2021 The developers breaking ground on the ambitious resort venture The resort, invested by Indochina Kajima Development Company, is estimated to be completed in two years and covers 60 hectares of land and 35ha of water surface area. Situated ideally on the coastline between Quy Nhon city of Binh Dinh province and Tuy Hoa city of Phu Yen, Bai Nom, one of the most beautiful tourist spots in the province, is surrounded with green hills and pristine sandy beach with calm and clear sea that fits all type of watersport and recreational activities. This is the latest luxury tourism project from Indochina Kajima, which committed to invest $1 billion in Vietnam in 2016. The group is a joint venture between Vietnamâs premier high-end real estate development firm Indochina Capital and the largest Japanese overseas real estate developer Kajima Corporation, to launch and carry out new hospitality and real estate development platforms in Vietnam.