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Vingroup to commence construction on Vu Yen Island
Vingroup plans to commence construction of a US$1 billion ecological complex on the Vu Yen Island in Hai Phong soon.
This was announced during a meeting in the northern port city of Hai Phong between local authorities and Vingroup leaders on March 5.
City Chairman Le Van Thanh spoke about the scale of the project, which will turn the island into an accommodation, entertainment and ecological complex.
Thanh said given the prime location, the complex will lure more tourists to the city.
The Vu Yen Island is spread over a total area of 872 hectares in the districts of Thuy Nguyen and Hai An and crisscrossed by three different rivers of Ruot Lon, Bach dang and Cam.
As per the design, the island will be developed into an ecological zone with villas, a 36-hole golf course, and amusement parks with an investment of VND22,700 billion (more than US$1 billion).
It was also suggested at the meeting that a luxury marina, dock, five-star hotel and a casino should be added to the construction plan to attract more visitors.
The Chairman urged all parties to speed up the work of planning and investment for a complete project to be submitted to the Ministry of Construction and to the Prime Minister.
Once approved, the project will be started in April and the Vu Yen Island Golf Course is expected to be finished in 2016.
bizhub
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