US$100m tourism project approved in Binh Thuan

Binh Thuan Province has given the green light to the domestic firm Thien Hai to develop a tourism project worth 1,880 billion dong (US$100 million).

The province’s Department of Culture, Sport and Tourism told the Daily that the investor would develop the project in the Long Son quarter in Mui Ne of Phan Thiet City, which is already home to a host of resorts.

The project will comprise villas, a hotel of three to five-star standard, entertainment facilities, and other services.

A source from the department said that the project on 107 hectares would become one of biggest tourism projects of Phan Thiet City. “It’s one of the biggest projects there. The company will start work on the project within the next 12 months,” she said.

By the middle of last April, the province had licensed 403 tourism projects with total pledged capital of 19.4 trillion dong (US$1.2 billion). Among them, 208 projects cover 1,145 hectares in Phan Thiet and are capitalised at 8.2 trillion dong.

The central coast province of Binh Thuanis attractive to tourism project developers thanks to beautiful white-sand beaches.

Early this year, the Hong Kong-based Polo Beach International Limited submitted a plan to build a tourism complex called Cali Beach worth US$3.5billionon943hectaresinBacBinhDistrict. lf licensed it will be the biggest tourism project in the province.

The province’s tourism sector expects to welcome two million local and foreign tourists this year, up by 200,000 from 2007, with revenue amounting to 1.2 trillion dong, says a report of the provincial Department of Culture, Sport and Tourism.

 

Category: Business