Hideo Sawada, Chairman of H.I.S, a leading travel conglomerate in Japan, has recently confirmed the group will take part in a hotel and resort project in Cam Ranh city, the central coastal province of Khanh Hoa.
A view of Cam Ranh Bay
in the central coastal province of Khanh Hoa. (Photo: Frank Hoang)
Cam Ranh, only an hour from Ho Chi Minh City by air, is blessed with beautiful
ports and beaches, Hideo told Japan’s Nikkei newspaper.
He said H.I.S will work with a Vietnamese group to develop a 1.8-billion-USD
resort complex with 5-6 hotels, one or two of which to be built by the Japanese
firm.
The main investor in Vietnam will build a large-scale theme park inside the
complex similar to Huis Ten Bosch Park in Nagasaki prefecture in Japan, he
noted, adding that the Huis Ten Bosch attracts about 3 million visitors and
generates 89.5 million USD in revenue every year.
In many developing countries, rising incomes result in more demand for major
entertainment centres. The project will be a success if there are at least 10
million people living in the neighbourhood, because local residents normally
account for 60 – 70 percent of visitors to such a park, he explained.-
Source: VNA
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.