The Cable and Telecommunication Materials Corporation (Sacom Corp.) under the Vietnam Posts and Telecommunications Group (VNPT) July 28 started construction on a US$134-million resort in Central Highlands Lam Dong province, state media said.
Sacom, headquartered in Bien Hoa Industrial Park 1 in southern Dong Nai province, will build the resort on a site of 270.88 hectares at Dalat town’s Tuyen Lam Lake Tourist Park, the Young People newspaper reported.
The company will build an 18-hole golf course, a 400-room five-star hotel, a 150-room four-star hotel, the paper said.
The resort will also house 400 villas and entertainment facilities, golf and yacht clubs, a trade centre and a water park area.
According to Sacom General Director Do Van Trac, the villas and the golf courses are expected to begin operation in late 2010, while work on the entire projects is due to be completed at the end of 2011.
He added that Sacom’s project will be the largest among 32 registered projects in Lam Dong so far.
Lam Dong province has to date licensed 32 projects valued at VND5.5 trillion (US$327.8 million) to invest in the Tuyen Lam Lake Tourist Park, located six kilometers from Dalat town.
The province, 308 kilometers from Ho Chi Minh City, has great potentials for tourism development with a convenient climate, together with splendid landscapes and cultural resources.
The number of visitors to the province is estimated to reach 700.000-800.000 per year, including 10 per cent foreigners. Hotels and guest houses see a capacity of 20.000 visitors per day. (VNA, Thanh Nien Daily)
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