Vietnam-U.S. Joint Venture to Build US$112 Mln Tourist Area in Quang Ninh

1:06:46 PM | 30/10/2007

The Vietnam-U.S. joint venture has received a license from the northern Quang Ninh province to build a luxury tourism complex worth US$112 million in Van Don Economic Zone, said Vu Nguyen Nhiem, chairman of the provincial government.
The complex covering 300 hectares is the biggest tourism project licensed into Van Ron since July when Prime Minister Nguyen Tan Dung agreed to develop Van Don District into an economic zone.
It will include a 27-hole golf course, a five-star hotel of 15 stories, villas for rent, resort area, an outdoor concert area and many tourism facilities.
The investor would build major works for the complex such as the golf course and the hotel during 42 months. It is also seeking permission from the Prime Minister to build a casino section there.
Van Don Economic Zone covers the entire precincts of Van Don District with the total area of 2,200 square kilometers, and comprises 600 islands and islets in Bai Tu Long Bay of Quang Ninh.
Currently, investors are surveying the investment potentials in the zone.
The provincial authorities are working with the National Institute for Urban and Rural Planning under the Ministry of Construction to organize a contest to seek the best ideas to make an overall planning scheme for Van Don Economic Zone. (SGT, VietNamNet)