Vingroup invests VND5 trillion in Vinpearl South Hoi An
Vingroup invests VND5 trillion in Vinpearl South Hoi An
The property and retail conglomerate Vingroup JSC (Vingroup) kicked off construction of the Vinpearl South Hoi An Complex on Sunday.
The complex has investment capital of VND5 trillion (US$220 million) and covers an area of 200ha. It is located in Binh Duong Commune, Thang Binh District, in the central province of Quang Nam.
Vinpearl South Hoi An will include hotels, Vinpearl villas, Vinpearl Golf sports centre and Vinpearl Land amusement park, as well as shopping zones and VinEco hi-tech agriculture area.
The project is divided into two phases. The first phase is expected to be finished on March 3, 2018, with the completion of hotels, villas, convention centre, restaurants and hi-tech agriculture zone. The second period is estimated to cover infrastructure, amusement park and sports centre by 2019.
This complex is located favourably between Hoi An Ancient Town and Mỹ Sơn sanctuary, two world cultural heritages. This will help the project provide high-class tourism services for domestic and foreign tourists.
“The groundbreaking ceremony of Vinpearl South Hoi An Complex is a significant event for Vingroup, not only because it marks the expansion of Vinpearl, but also because it is the first time to launch a five-star complex. We commit to implement the project on schedule with high quality, contributing to Quang Nam Province’s tourism development and becoming a key economic sector in the future,” Vingroup deputy chairman Nguyen Viet Quang said at the ceremony.
According to plans, the complex will provide jobs for some 1000 local workers when it is completed in 2019.
