Friday, 03/10/2008 15:45

US firms to invest $8bil in Quang Nam

The central province of Quang Nam has just submitted a US$8 billion project to the Government.

The provincial People's Committee recently reported that two American companies, Tano Capital LLC and Global C&D, asked for permission to build a tourism, entertainment and service project over an area of 400ha in Dien Duong Commune, Dien Ban District.

"Dragon Beach is a big project. The province does not have enough authority to decide on it so we have to wait for input from the Government," said an official from the committee.

According to the submission, Dragon Beach will be an ecological tourism and entertainment complex along with an international convention centre.

"The complex will be a beautiful sight. Most hotels in the complex will be five stars," said Nguyen Oanh Thi, an official from the Foreign Economic Section under the provincial Planning and Investment Department.

Upon completion, the Dragon Beach complex will supply many services relating to hotels, restaurants, bars, entertainment and electronic games for foreigners.

"We already sent documents relating to the projects to relevant ministries for consideration. After that, the Ministry of Planning and Investment will send the project to the Government," said Le Minh Anh, chairman of the provincial People's Committee.

Anh said that such a massive project in the central region would bring jobs to local people.

He added that it should also help the province to further develop.

VNN

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