Monday, December 18 2017


Vân Đồn to get US$220 million resort complex

Update: September, 18/2017 - 16:30
A view of Vân Đồn Island in the north-eastern Quảng Ninh Province. CEO Group proposes to build a US$220 million resort complex in the island. — Photo
Viet Nam News

HÀ NỘI — Vân Đồn, a rural district of Quảng Ninh Province in the northeastern region of Việt Nam, may soon see a VNĐ5 trillion (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 Vân Đồn, which has been sluggish for the past decade.


The CEO Group’s investment plans for Vân Đồn 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 Quảng Ninh Province, especially the special economic zone mechanism in the near future, the CEO Group chose Vân Đồn to be the next strategic location in its investment and development in Việt Nam. — VNS



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