Ly Son island to develop ‘green and clean'

Jul 13th at 19:52
13-07-2016 19:52:39+07:00

Ly Son island to develop ‘green and clean'

The Thien Tan Group in Quang Ngai and Nikken Sekken Civil Engineering Limited Company from Japan inked an agreement on a consultancy and planning project for Ly Son Island, 30km offshore from Quang Ngai Province.

Chairman of the Group, Huynh Kim Lam told Viet Nam News that the agreement will create a mockup for the island construction and development plan with a 1/2000 scale.

He said the plan will help the island district develop as a ‘green and clean' tourism destination with a sustainable outlook.

Lam said the plan costs VND17 billion (US$764,000), of which VND10 billion will be funded by the Bank of Investment and Development of Viet Nam (BIDV).

Last year, the province planned Ly Son as part of a 7,900ha sea reserve off the coast of the island and Binh Chau Commune. The island is planned to have Global Geopark status.

Lý Son attracts over 100,000 tourists per year, but accommodation, including 18 hotels and guest houses and home-stay service with a total of 1,000 rooms are overloaded in the high-tourist summer season.

In 2014, the central province had listed 16 priority projects for socio-economic development with total investment capital of $110 million.

The Island is a tranquil destination with inhabitants living off the farming of garlic and spring onions and fishing.

Last year, Thien Tan Group also started construction of the Thien Tan eco-urban zone project and Thien But Park in central Quang Ngai Province.

In 2014, the group also built the first 19.2MW solar power plant in Viet Nam with a total investment of $40 million.

According to the latest reports, the central province has attracted 36 foreign direct investment projects, worth $4 billion.

bizhub



NEWS SAME CATEGORY

Viet Nam: ideal destination for tourism investment

With picturesque landscapes, stable politics, improved infrastructure, and a surging number of foreign tourists, Viet Nam is increasingly seen as an ideal...

Binh Thuan seeks to lift PCI, improve business climate

Representatives from over 110 enterprises in the central coastal province of Binh Thuan gathered together at a conference on July 12 to discuss how to improve the...

Mekong Delta to get $1.3bn for development projects

Seven credit organisations have committed to give the Mekong Delta region VNĐ28.5 trillion (US$1.3 billion) to implement 73 socio-economic development projects.

Da Nang kicks off Israel-backed startup course for local entrepreneurs

A course has been launched in the central Vietnamese city of Da Nang to provide local entrepreneurs a better understanding on incubator and startup.

Alibaba tech guru invests $3 million in Vntrip.vn

Local online hotel booking site Vntrip.vn has received a $3 million investment from John Wu, former chief technology officer (CTO) of China’s largest e-commerce...

Calls for MEPS testing overhaul

Thousands of local and foreign manufacturers/importers in Vietnam are suffering a major administrative burden regarding energy labeling and minimum energy...

Firms busted for tax fraud

Multi-level marketing companies have been discovered indulging in tax fraud worth several billion Vietnamese dong and the sale of fake goods, the Ministry of...

Three firms receive customs priority status

The General Department of Customs approved the application of three more companies for expedited customs procedures, baodautu.vn reports.

SME law urged to meet business expectations

Policy-makers yesterday were called on to build the law on supporting small- and medium-d enterprises (SMEs) in a way that helps narrow the gap between policies and...

Investment showcase for Hau Giang

The Hau Giang People’s Committee is the organiser of a conference seeking to promote investment in the province within the framework of the Mekong Delta Economic...


MOST READ


Back To Top