On August 5, the management of Da Nang Downtown Amusement Park (formerly known as Asia Park) announced that the park will cease welcoming visitors from September 3, marking the beginning of its redevelopment phase after 11 years of operation.

According to Ms. Phung Pham Thanh Thuy, General Director of Da Nang Downtown, the new development of Asia Park aligns with Da Nang’s strategic urban growth vision for the coming years.

Before closing, the park will host a series of special events celebrating Vietnam’s National Day (September 2), including competitions, artistic performances, and carnival-style parades at its vibrant night market.

Asia Park first opened in 2014, featuring iconic attractions such as the Sun Wheel, once ranked among the world’s top 10 largest Ferris wheels, and the grand entrance gate designed by renowned architect Bill Bensley. The park is also home to outdoor thrill rides, cultural spaces, and the lively VUI-Fest food and entertainment zone.

In late July, the Da Nang Department of Agriculture and Environment sought public feedback on the Environmental Impact Assessment report for the project “Commercial and Service Complex Combined with Amusement Park – Da Nang Downtown,” in which the current Asia Park represents Phase 1.

The project is developed by Asia Park Co., Ltd. under Sun Group, with a total investment of over VND 79,790 billion. Of this, VND 12,090 billion comes from the developer’s equity, while the remainder will be financed through credit institutions. The project spans more than 76.9 hectares, with implementation scheduled from 2013 to 2035.

At the heart of the master plan is a 70-storey mixed-use tower covering 1.6 hectares, set to house serviced apartments, 4-5 star hotels, a luxury shopping mall, and an art exhibition space. The five-storey podium will serve as a retail and exhibition hub, while underground levels will connect the various functional zones.

Other key components include a 10-storey theatre, a 2.36-hectare amusement and retail-dining complex, a 41.3-hectare green park, and 21.6 hectares of water features.

If completed as planned, this 70-storey landmark will become the tallest building in Central Vietnam, comparable to Ho Chi Minh City’s Landmark 81 and Hanoi’s Keangnam and Lotte Center.