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VietNamNews

Group to develop $153m luxury resort

Update: June, 30/2012 - 08:49

HA NOI — Kien Giang People's Committee has granted an investment licence to Nam Cuong Group to invest in a 322ha resort on Phu Quoc Island with a total investment of VND3.2 trillion (US$153 million) between 2012 and 2018.

The Phu Quoc-Nam Cuong luxury resort will include hotels, amusement parks, and high-end villas.

To carry out the project, Nam Cuong Group has signed a co-operative agreement with the Bank for Development and Investment of Viet Nam to finance and provide banking services for the project.-VNS

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