Syrena Vietnam, a subsidiary of the private multi-sector BIM Group, will build a luxury resort and residential complex in the south central coastal province of Ninh Thuan, to meet rising tourism demands.
The Ninh Thuan Provincial People’s Committee reported that the developer had submitted an investment plan asking for permission to develop its high grade Vinh Hy tourism site in the province.
According to the provincial committee, Syrena wants to invest around US$80 million in the site to develop a project which will comprise of a five-star resort, 60 villas with private pools, 40 guest chalets as well as restaurants and sport and entertainment facilities.
The project covers an area of 66 hectares and Syrena claimed it could complete the project construction within 36 months after receiving an investment certificate.
“The developer has not yet gained approval from the provincial committee because we want to review whether or not the project suits the provincial development plan,” said an unnamed official at the Ninh Thuan Provincial Department of Planning and Investment.
Ninh Thuan, located 350 kilometres north of Ho Chi Minh City, is currently one of the poorest provinces in Vietnam. However, the locality has huge potential for wind and solar energy and attractive beaches which are ideal for tourism.
If Syrena’s resort and residential project is developed, it will contribute to boosting tourism in Ninh Thuan and be the company’s second resort and residential complex in the country.
Established in 2010 by BIM Group, with the chartered capital of US$119 million, the group’s subsidiary is now developing a US$2 billion Halong Marina project in the northern province of Quang Ninh.
Source : VIR/ VOV online