Binh Dinh seeks investors for tourism projects in Eo Gio

Binh Binh authorities are looking for investors to implement tourism projects in Eo Gio, a top tourist attraction in the south-central province after the investment license of FLC Group was withdrawn.

The committee assigned Quy Nhon authorities to manage, operate and organize tourism activities in the Eo Gio area, Nhon Ly commune, Quy Nhon town.

The town People’s Committee was asked to coordinate with relevant departments and agencies to set entrance fees in line with the law.

Meanwhile, the provincial Economic Zone Management Board was assigned to coordinate with relevant agencies to soon organize biddings to select investors to implement projects in the area in accordance with state regulations.

Earlier, provincial authorities had licensed FLC Group to manage and develop tourism in the Eo Gio area. This group built a sight-seeing platform, a concrete road running along the rocky mountainside to the coast and an entrance gate as well as collected entrance fees of VND25,000 ($1) per person.

However, since the beginning of May 2022, FLC stopped selling tickets and tourists can visit the Eo Gio area free of charge.

Eo Gio means "Strait of the Winds", also known as the "Waist (due to the curved-in mountain) of Winds" in Vietnamese, according to Tripadvisor, an American online travel company.

Previously, Binh Dinh had withdrawn two projects of FLC in Quy Nhon, namely the Bamboo Airways aviation training institute and Eo Gio high-end eco-tourism resort, since the group failed to fulfil investment procedures as scheduled.

The Eo Gio high-class eco-tourism resort project had a total investment of VND1.6 trillion ($64.4 million). It was approved to cover more than 17 hectares of land and over four hectares of sea surface in Nhon Ly commune.

Many provinces in Vietnam have terminated FLC Group's investment projects over delays after the arrest of its former chairman Trinh Van Quyet for alleged stock market manipulation.