S Korean group eyes resort, golf course project in south-central Vietnam

South Korean group RAMID Hotel & Resort is surveying a golf academy, resort and golf course project in the south-central province of Binh Dinh, according to the provincial Department of Planning and Investment.

Chairman of the Korean group Moon Byung Wook revealed the intention at a working session with Binh Dinh's Chairman Pham Anh Tuan in the locality on Friday.

He noted that RAMID Hotel & Resort operates in the hotel, resort and golf sectors. In addition to tourism, it also has strengths in real estate, trade and import-export.

Appreciating Binh Dinh's tourism potential and advantages, Moon expressed a desire for regular information exchanges to better know tourism projects calling for investment in the province.

In response, Tuan introduced several projects and locations that might meet RAMID Hotel & Resort's investment needs and instructed relevant agencies to create favorable conditions for the group’s research.

According to the provincial Department of Planning and Investment, members of RAMID Hotel & Resort have conducted field surveys to explore investment opportunities in the La Vuong Plateau area in Binh Dinh.

The area covers 500 hectares, including 450 hectares in Hoai Son and Hoai Chau Bac communes, Hoai Nhon township; and about 50 hectares in An Hung commune, An Lao district.

Binh Dinh aims to develop this area into an ecological tourism complex that offers resort services and recreational sports based on its nature and distinctive culture. Together with the La Vuong wind power plant, it is expected to create a new impetus for regional development.

RAMID Hotel & Resort, established in 1980, has developed brands such as Ramada, Miranda Hotel, MsClub, Victoria Hotel & Wedding, and Flamingo Country Club to operate international-standard hotels, resorts and golf courses worldwide.

In the first eight months of 2024, Binh Dinh licensed 34 projects worth VND4.19 trillion ($168.2 million), approved additional investments of VND1.83 trillion ($73.4 million) for 54 existing projects, and rescinded nine others, according to Dang Vinh Son, head of the Binh Dinh Economic Zone Administration (BEZA).

Notably, the province did not license any foreign-invested projects during the period, he said, adding it expects to attract investments worth hundreds of millions of U.S. dollars in the remaining months of this year.