Sun Group to build mega ecotourism area in Mekong Delta
Major Vietnamese property developer Sun Group plans to invest in a 2,800-hectare ecotourism area in Lung Ngoc Hoang natural reserve, Hau Giang province.
The VND345 billion ($14.58 million) project will seek to keep a balance between economic growth and natural preservation, a representative of Sun Group said at a recent meeting with local authorities.
Lung Ngoc Hoang Nature Reserve in Hau Giang province, southern Vietnam. Photo courtesy of titanluxury.vn.
According to Hau Giang province’s tourism development plan until 2020, with vision until 2025, Lung Ngoc Hoang natural reserve is set to become one of Vietnam's biggest tourism destinations in 2030.
Lung Ngoc Hoang, also known as the green lung of Mekong Delta and the biggest nature reserve, is home to 330 types of plants and 206 types of animals, including many in the red list of threatened species.
Sun Group is among the most popular developers of tourism and property in Vietnam. Notable projects include Ha Long international cruise port and Van Don International Airport in the northern province of Quang Ninh; Sun World Ba Na Hills resort complex in the central province of Quang Nam; JW Marriott Phu Quoc Emerald Bay resort in Phu Quoc Island, Kien Giang province, southern Vietnam.
- Related News
- Read More
Former chairmen of An Giang, Soc Trang provinces disciplined
Former chairman of An Giang province Vuong Binh Thanh received a warning from the Central Inspection Committee for his violations, while former chairman of Soc Trang province Tran Van Chuyen was reprimanded.
Politics - Wed, April 24, 2024 | 7:05 pm GMT+7
Mitsubishi taps Vietnam market with $1.8 mln investment in food importer Homefarm
Mitsubishi Shokunin, the food arm of Japanese keiretsu Mitsubishi, has invested VND45 billion ($1.8 million) in Homefarm, a Vietnamese food import start-up, the firm said.
Companies - Wed, April 24, 2024 | 4:45 pm GMT+7
No Vinhomes funding for VinFast: CEO
Vinhomes CEO Nguyen Thu Hang says the residential property development arm of Vietnam’s private conglomerate Vingroup has not provided financing for other companies in the group’s ecosystem, including EV-maker VinFast.
Companies - Wed, April 24, 2024 | 4:37 pm GMT+7
Japan's Vsun Solar begins commercial operations of 4GW silicon wafer plant in Vietnam
Tokyo-headquartered Vsun Solar has commenced commercial production at its 4-gigawatt silicon wafer plant in Vietnam.
Industries - Wed, April 24, 2024 | 3:39 pm GMT+7
Thailand’s Super Energy told to complete paperwork first, construct wind power project later
Super Wind Energy Congly Bac Lieu JSC, under Thailand’s renewable energy developer Super Energy, is looking to restart its 141-MW Bac Lieu wind power plant phase III in Vietnam’s Mekong Delta province of Bac Lieu.
Energy - Wed, April 24, 2024 | 3:32 pm GMT+7
Standard Chartered revises down Vietnam GDP growth forecast to 6%
Standard Chartered Bank has lowered Vietnam's 2024 GDP growth forecast to 6% from 6.7% in January due to lower-than-expected Q1 growth and global trade headwinds.
Economy - Wed, April 24, 2024 | 3:03 pm GMT+7
TPBank targets after-tax profit of $295 mln in 2024
Private Vietnamese lender TPBank targets to earn VND7.5 trillion ($294.75 million) in after-tax profit this year, according to CEO Nguyen Hung.
Banking - Wed, April 24, 2024 | 1:09 pm GMT+7
Sumitomo Mitsui-invested VPBank plans to merge with ailing lender
Hanoi-based VPBank, the biggest private lender by charter capital in Vietnam, will ask for shareholders’ approval to proceed with a plan to acquire a weak bank following a request by the State Bank of Vietnam (SBV).
Banking - Wed, April 24, 2024 | 11:18 am GMT+7
Man arrested after 7 workers die in cement crusher accident
Tran Manh Hung, 44, has been accused of violating labor safety regulations in an accident that killed seven people and injured three others at a Yen Bai province-based cement factory in northern Vietnam.
Society - Wed, April 24, 2024 | 10:12 am GMT+7
Jewelry mogul Doji expands investment portfolio beyond gold
Doji Gold & Gems Group JSC, Vietnam’s leading jewelry maker, has expanded its investment portfolio, ranging from its pillar arm of gold and silver to finance, banking, and real estate.
Companies - Wed, April 24, 2024 | 9:42 am GMT+7
Increased US imports propels Vietnam wood industry growth
Export of wood and wood products reached $3.5 billion in the first three months of 2024, dominated by the U.S. with $1.9 billion, up more than 36.4% year-on-year.
Economy - Wed, April 24, 2024 | 8:09 am GMT+7
Vincom Retail to retain name, new shareholders to boost company growth: AGM
Vincom Retail leaders said Tuesday that the company does not intend to change its name for now and that it will benefit from the extensive operating experience of new shareholders.
Companies - Tue, April 23, 2024 | 10:40 pm GMT+7
Vinh Phuc province vice chairman arrested for accepting Phuc Son Group bribes
Nguyen Van Khuoc, vice chairman of the Vinh Phuc People’s Committee and chairman of the province’s land price appraisal council, has been arrested for accepting bribes in the Phuc Son Group scam.
Politics - Tue, April 23, 2024 | 9:04 pm GMT+7
Vietnam tech giant FPT to invest $200 mln in AI factory, utilizing Nvidia technology
Vietnam’s leading tech firm FPT Corp. will invest $200 million in building an artificial intelligence (AI) factory, utilizing technology provided by U.S. chip and AI giant Nvidia.
Industries - Tue, April 23, 2024 | 5:50 pm GMT+7
VAFIE to maintain core strength focus – offer policy advice, facilitate economic ties
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) will continue participating in policy and law building activities and facilitating multilateral economic relations, its executive committee said at a review meeting Tuesday.
Economy - Tue, April 23, 2024 | 5:36 pm GMT+7
Vietnam economic recovery expected to speed up in H2: WB
Vietnam’s economy has shown signs of uneven recovery in early 2024 and economic activities are expected to firm up in the second half of this year, the World Bank says in its latest bi-annual economic update.
Economy - Tue, April 23, 2024 | 4:37 pm GMT+7
