Vietnam: Tuan Chau Group to invest in Vung Tau mega project

The Hanoitimes – Tuan Chau Group has proposed building a large resort complex named “Vung Tau Marina City” in Vung Tau, according to the Ba Ria-Vung Tau People`s Committee.

Tuan Chau Group confirmed that the group is preparing to invest in Vung Tau Marina City, but has denied to provide specific information on this project. “Currently, the investment planning in this project is not finished, we will provide more information when it is complete,” Tuan Chau Group representatives told Hanoitimes.
The project will be implemented on a land area of 345 hectares stretching from the beach front to Bai Dau and will be able to accommodate about 7,500 settlers and 12,000 overnight visitors.
It is expected that the investor will build a public bathing area and an international boat port to welcome guests. In addition, tourism services at the complex will include high-end commercial facilities, luxury hotels, condotel condos, and sea villas. The project will also include amusement parks and a marine circus with dolphins, seagulls, lion-sea lions, as well as music-movie-fashion centers, fireworks, and water music venues. night, according to Ba Ria-Vung Tau People’s Committee report.
The goal of the project is to build a port complex and a modern multi-functional tourism hotspot in harmony with the  natural landscape to meet the increasing local and overseas demands for entertainment and relaxation. Additionally, a modern yacht port system will be constructed to connect with domestic and international yacht ports.
The total investment  of the project has not been disclosed and Tuan Chau Group will have to complete the procedures for obtaining investment licenses from local authorities. If the project is implemented as planned, this will be one of the largest resort property projects in Vung Tau.
Last year, Tuan Chau Group proposed to invest in a boulevard along Saigon River with a length of 61 km, linking Ben Suc Bridge (Cu Chi district) along the Sai Gon River to district 1, Ho Chi Minh City. In addition, the group plans to invest in several big projects in Can Gio and Cu Chi districts. However, these projects have not been implemented yet.

Source: http://www.hanoitimes.vn/investment/on-going-projects/2018/03/81E0C30C/tuan-chau-group-to-invest-in-vung-tau-mega-project/