Investors eye 2 tourism projects worth $312 mln in Quang Tri
Vietnamese investors Thang Long Investment Group and B.J Korea Quang Tri have proposed to develop two tourism projects worth a total VND7,750 billion ($312 million) in the central province of Quang Tri.
Cua Tung beach in Quang Tri, central Vietnam. Photo courtesy of the Quang Tri investment promotion center.
Hanoi-headquartered Thang Long Investment Group JSC (TIG) has proposed a tourism complex on Cua Tung beach in Vinh Linh district. The 200-hectare project, with an investment of VND7,600 billion ($306 million), features a tourism and commercial zone, houses, villas, bungalows, among others.
Meanwhile, B.J Korea Quang Tri Limited Company has proposed an eco-tourism complex named Ta Du, with an area of 57 hectares. The VND150 billion ($6.04 million) project aims to build an eco-tourism zone, an entertainment park, among others.
In reply, Quang Tri Chairman Vo Van Hung gave in-principle nods for the investors to study the projects. He added that the investors must cooperate with the province in protecting the ecosystem, preserve local culture, and boost sustainable tourism.
Thang Long Invest Group is a real estate developer with projects like Vuon Vua Resorts & Villas, Imperial Plaza, TIG Dai Mo, and Bock 8.1 Minh Dinh apartments.
B.J Koreas Quang Tri, a Vietnamese company mainly involving industrial and civil electricity facility construction, was established in September this year.
Quang Tri’s tourism revenue is modest at VND2.64 billion ($106,200) in the first nine months of this year, up 74.15% year-on-year, according to the provincial statistics office.
- Related News
- Read More
ASEAN members agree to build safe digital environment
Thai Deputy Prime Minister and Minister of Digital Economy and Society Prasert Jantararuangtong said that participants at the 5th ASEAN Digital Ministers Meeting (ADGMIN) have agreed that online fraud and call center gangs are urgent issues that require a collective effort to address.
Southeast Asia - Mon, January 20, 2025 | 8:20 pm GMT+7
Thailand to have first FTA with Europe’s trade bloc EFTA
A free trade agreement between Thailand and the European Free Trade Association (EFTA), including Switzerland, Norway, Iceland and Liechtenstein, will be signed in Davos on Thursday, becoming the first pact of its kind between the Southeast Asian country and the trade bloc.
Southeast Asia - Mon, January 20, 2025 | 8:16 pm GMT+7
Suntory Pepsico to up output of northern Vietnam factory by 65%
Suntory Pepsico Vietnam Beverage (SPVB) is seeking permission to increase the output of its factory in Vietnam’s northern province of Bac Ninh by 65%, from 500 million to 825 million liters a year.
Industries - Mon, January 20, 2025 | 7:35 pm GMT+7
State utility EVN signs feasibility study contract for $2.1 bln LNG power plant
Power Project Management Board 2, under state utility Vietnam Electricity (EVN), has signed a consulting contract for the $2.1 billion Quang Trach II LNG-fired power plant's feasibility study report.
Energy - Mon, January 20, 2025 | 4:43 pm GMT+7
Vietnamese lender SeABank reports $239 mln profit in 2024
Vietnamese private creditor SeABank recorded VND6,039 billion ($238.5 million) in pre-tax profit in 2024, up 31% year-on-year.
Banking - Mon, January 20, 2025 | 4:07 pm GMT+7
Vietnam to add biomass power to DPPA: draft decree
Vietnam’s Ministry of Industry and Trade plans to add biomass power to the direct power purchase agreement (DPPA) mechanism, according to its draft decree to replace Decree 80/2024 on DPPA mechanism.
Energy - Mon, January 20, 2025 | 12:39 pm GMT+7
Dairy giant Vinamilk contributes $70 mln to shareholder Fraser and Neave's profit in fiscal year 2024
Vinamilk, one of the biggest dairy firms in Vietnam, contributed SGD95 million ($69.5 million) to the profit before interest and tax (PBIT) of shareholder Fraser and Neave (F&N) in fiscal year 2024 (October 2023-September 2024).
Companies - Mon, January 20, 2025 | 11:49 am GMT+7
Korean bank Shinhan, Vietnam insurer PJICO ink strategic cooperation deal
South Korea’s Shinhan Bank Vietnam Limited and Petrolimex Insurance Corporation (PJICO) have signed a strategic cooperation agreement to leverage the potential of both sides.
Banking - Mon, January 20, 2025 | 11:17 am GMT+7
Czech conglomerate PPF urged to expand operation in Vietnam after Home Credit Vietnam stake sale
The Czech Republic’s multinational conglomerate PPF Group should expand its operation in Vietnam after selling its entire stake in subsidiary Home Credit Vietnam to Thailand's Siam Commercial Bank (SCB), Prime Minister Pham Minh Chinh said in Prague on Sunday.
Finance - Mon, January 20, 2025 | 10:01 am GMT+7
Vietnam's fertilizer exports hit nearly $710 mln in 2024
Vietnam's fertilizer exports totaled approximately 1.73 million tons in 2024, generating nearly $710 million in revenue, with an average price of $411.1 per ton.
Economy - Mon, January 20, 2025 | 9:08 am GMT+7
Vietnam holds potential to become Czech carmaker Skoda's manufacturing hub in ASEAN: exec
Vietnam boasts great potential to become an auto export and manufacturing hub of the Czech Republic’s Skoda Auto in ASEAN and other markets, said its chairman Klaus Zellmer.
Industries - Sun, January 19, 2025 | 11:30 pm GMT+7
Vietnam PM calls on Czech giant Sev.en Global to expand investment into wind, solar power
The Czech Republic’s Sev.en Global Investments, given its strengths, should expand investment in Vietnam into areas like wind and solar power, culture and sports, and football, said Prime Minister Pham Minh Chinh.
Industries - Sun, January 19, 2025 | 10:59 pm GMT+7
Northern Vietnam port operator posts record revenue, profit in 2024
Hai Phong Port JSC, headquartered in the northern city of Hai Phong, reported total throughput of nearly 40 million tons in 2024, with revenue reaching nearly VND3 trillion ($118.44 million) and pre-tax profit estimated at VND1.16 trillion ($45.8 million).
Companies - Sun, January 19, 2025 | 4:07 pm GMT+7
Vietnam's new regulations in energy, mineral and construction sectors
The Vietnamese government recently introduced the amended PDP8 implementation plan, the tariff for rooftop solar energy in 2025, new rules on management of construction activities, and the new Law on Geology and Minerals. Vilaf law firm provides analyses on these newly-promulgated regulations.
Consulting - Sun, January 19, 2025 | 1:38 pm GMT+7
Indonesia prepared for impacts of US trade policies
Indonesian Minister of Trade Budi Santoso has affirmed his country's readiness to address potential impacts of a trade war between the U.S. and China when Donald Trump assumes the presidency.
Southeast Asia - Sun, January 19, 2025 | 12:34 pm GMT+7
Japan's Itochu acquires 20% stake in Thai non-life insurance company
Japanese trading firm Itochu is set to purchase a 20% stake in Thailand's non-life insurer Thaivivat Insurance, a deal that highlights the global investor’s interest in the Southeast Asian country’s growing insurance market.
Southeast Asia - Sun, January 19, 2025 | 12:29 pm GMT+7
