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
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