3:59:55 PM | 8/5/2009
Asia Tourism and Construction Investment Joint Stock Company under local Cotec Group Wednesday started construction on a sea tourism resort worth VND500 billion (US$29.4 million) in southern Ba Ria-Vung Tau province.
The New Horizon Resort, located on a site of 76,905 square meters, includes a five-star hotel, 16 luxurious villas, 24 single bungalows and 12 pair bungalows, the state-run Thoi Bao Kinh Te newspaper said.
Other facilities are conference and sports areas. Construction on the project lasts two years.
COTEC has developed into a dynamic economic group after 14 years of operations.
It aims to become a multi-sector group by 2015 with 15 affiliates operating in the key areas of industry, real estate, construction, financial investment and communications. (Vietnam Economic Times May 07 p1)
April 24–25, 2026
Kinh Bac Cultural Center, Bac Ninh Province
Vietnamese
