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US$4 bil project kicks off in central province

Prime Minister Nguyen Xuan Phuc yesterday attended the groundbreaking ceremony of US$4 billion resort Nam Hoi An in the central coastal province of Quang Nam.

Artist interpretation of the project (Photo: SGGP)

The project which is the biggest one ever in the province project locates in a place near the Da Nang Airport; the two recently recognised as a World Heritage sites including Hoi An Ancient Town Hoi and My Son Sanctuary and the World Biosphere Reserve Cham isles.

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Once completed, it will become a five-star resort and entertainment complex featuring a culture, commercial and service center and a tourism processional training school.

In the first phase of the project, two investors VinaCapital and Gold Yield Enterprises Corporations will spend US$550 million to build a resort on the area of 163 ha an 18-hole golf course; a resort area of 1,000 villas, hotel rooms; commercial center and other services.

Speaking at the ceremony, the PM said that the project has contributed to the country’s development and the province’s tourism – a major economy. Subsequently Mr. Phuc ordered the investor to ensure the speeding up of the project as well as paying attention to protecting biological environment.

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