Resort announced in Vietnam?s Hai Phong
Vietnam’s top real estate firm Vingroup is planning a resort island project off the northern port city of Hai Phong?- a project, which state-run media has put at about 19 trillion dong (US$870 million).
Vingroup did not say whether it would be the sole investor or would bring in others, Reuters reported.? It is also planning billions of dollars of investment in other retail and property projects around the country.
The five-year project will include villas, a golf course, an entertainment park, an eco-park and a cable car service in an area of more than 2,150 acres on Vu Yen island, Vingroup said in a statement.? A government news website reported that city authorities also want to add a casino, a five-star hotel and a marina to the project. The golf course is due to begin operation in early 2016, it said.