Van Don, a rural district of Quang Ninh province in the northeastern region of Vietnam, may soon see a US$220 million resort complex.


Real estate developer CEO Group has proposed to the provincial People’s Committee its intention to build the SonaSea Dragon Bay complex which will have a total area of 94ha. 

This will include a hotel complex of 5,000 rooms, a water park, shopping centres and a shop house, as well as docks and a public beach. The project is expected to take shape during the 2018-22 period.

The committee has asked the group to complete its planning and submit a proposal for consideration this month.

With this investment plan, the CEO Group will revive the largest tourism project in Van Don, which has been sluggish for the past decade.

The CEO Group’s investment plans for Van Don come just before the National Assembly prepares for the approval of the Special Administrative-Economic Zone Act, which will create preferential policies on governance, tax incentives and business operations. 

Holding in high regard the advantages of tourism and its mechanism to attract investors to the Quang Ninh province, especially the special economic zone mechanism in the near future, the CEO Group chose Van Don to be the next strategic location in its investment and development in Vietnam.

 

                                              Source: VOV

Related Topics


1.5 tonnes of fries released to regenerate aquatic resources in Hoa Binh Lake

The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).

Hoa Binh leader meets Indian Ambassador

On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.

Conference looks to promote Hoa Binh – India cooperation

Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.

Cao Phong promotes great national unity strength in building new life

In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.

Yen Thuy moves to boost export of shallot products

From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.