U.S. Global Consult to Build Vietnam's Biggest Int'l-Standard Racecourse
An international-standard racecourse, the biggest of this kind in Vietnam will be built in Soc Son District, Hanoi in the coming time after a rather long-term delay, state media said November 22.
The Global Consultant Network L.L.C of the U.S. and the Hanoi tourism company will implement and manage the project at a total cost of between US$500 million and US$1 billion on an area of 235 hectares.
It will include an international-standard racecourse, a five-star hotel, trade centers, a golf course, a water park, residential area and a resort complex.
The racecourse will be a luxurious entertainment venue for foreign and domestic guests, the Hanoi tourism company General Director Nguyen Manh Hung, said, adding that it will create jobs for at least 10,000 local people.
Time schedule for the project construction has not made available at the moment.
According to Hung, the project was firstly licensed in 1999. It, however, was postponed as the project investors gave it up.
At present, Phu Tho Racecourse in Ho Chi Minh City which was set up in 1932 is regarded as the first horse racing track in Vietnam. (Young People)
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