Thua Thien-Hue seeks investors for $85 mln coastal resort project
Thua Thien-Hue province is calling for investors to develop an eco-coastal resort worth VND1,985 billion ($84.5 million), with August 23 the deadline for submission of investment registration documents.
Laguna Lang Co resort complex in Phu Loc district, Thua Thien-Hue province, central Vietnam. Photo courtesy of Tai nguyen va Moi truong newspaper.
The project covers 75.39 hectares of land in Giang Hai town, Phu Loc district. It aims to build a three to five-star resort complex, which can host 5,000 guests and 2,000 visitors per day.
It features a luxury hotel area, luxury resort area, shopping center, food zone, theme park, dedicated zone for local experiences, and other facilities.
The project, with a lifespan of 50 years, must be conducted within 48 months since land is allocated, according to local authorities.
Hue, capital of Thua-Thien Hue in central Vietnam, is home to the Imperial Citadel, a UNESCO heritage site, and close to the tourism city of Danang and the ancient town of Hoi An, another UNESCO heritage site in Quang Nam province.
- Related News
- Read More
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
NSH Petro suffers second successive quarterly loss as Q1 revenue plunges 88%
Nam Song Hau Trading Investing Petroleum JSC, or NSH Petro - a major fuel supplier in Vietnam’s Mekong Delta region, incurred a net loss of VND24 billion ($942,730) in Q1 this year, a stark contrast to the VND199 billion profit recorded in the same period of 2023.
Companies - Tue, April 23, 2024 | 3:27 pm GMT+7
Taiwanese bike manufacturer Giant to invest $120 mln more in southern Vietnam
Giant Group, a Taiwan-based bike manufacturer, plans to invest $120 million more in Binh Duong province, a southern industrial hub of Vietnam, said Bonnie Tu, chairperson of the group.
Industries - Tue, April 23, 2024 | 2:56 pm GMT+7
Lukewarm interest in Vietnam’s first gold auction after 11 years
Just two companies submitted bids to buy 3,400 taels of SJC-branded gold bars, or 20.2% of the volume offered, at an auction held by Vietnam’s central bank Tuesday.
Banking - Tue, April 23, 2024 | 2:45 pm GMT+7
High-speed ferry operator Superdong Kien Giang posts 40% fall in Q1 profit
Superdong Fast Ferry Kien Giang JSC reported an after-tax profit of VND20 billion ($785,700) on net revenue of nearly VND108 billion ($4.24 million) in Q1/2024, down 40% and 8% year-on-year, respectively, according to its financial statements.
Companies - Tue, April 23, 2024 | 1:52 pm GMT+7
ESG rules must be tightened to unlock green capital flows: HSBC exec
Lam Thuy Nga, country head of large corporate, wholesale banking at HSBC Vietnam, shares her thoughts from the Vietnam Connect Forum 2024.
Consulting - Tue, April 23, 2024 | 11:05 am GMT+7
US chip giant Nvidia delegation discusses AI, semiconductor cooperation with Vietnam
Executives from U.S. chip and Artificial Intelligence (AI) giant Nvidia led by vice president Keith Strier are in Vietnam to explore investment opportunities in AI and semiconductors.
Industries - Tue, April 23, 2024 | 10:03 am GMT+7
New retail player Van Thai Land to rekindle ‘old’ brand
Among several new commercial centers set to open in Ho Chi Minh City this year is District 8’s Parc Mall, marking the rekindling of an “old” brand by “new” developer Van Thai Land.
Companies - Tue, April 23, 2024 | 8:07 am GMT+7
Sugar cane output of world's second-largest exporter Thailand falls sharply due to drought
Thailand's sugar cane output declined in the 2023-24 crop because of severe drought, according to the Office of the Cane and Sugar Board (OCSB).
Southeast Asia - Mon, April 22, 2024 | 10:13 pm GMT+7
Malaysia attaches importance to high-quality investments, start-ups
Six Malaysian ministers on Monday made a joint commitment to ensure a coherent approach to achieve the goal of the Kuala Lumpur 20 Summit 2024 (KL20 Summit 2024) to make Malaysia a vibrant hub for startups and high-quality investments.
Southeast Asia - Mon, April 22, 2024 | 10:10 pm GMT+7
Thailand expects to export 1 million tonnes of durian this year
Thailand expects to export about 1 million tonnes of durian, valued at an estimated THB130 billion ($3.53 billion) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
Southeast Asia - Mon, April 22, 2024 | 10:09 pm GMT+7
Thailand urged to increase proportion of renewable power generation
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
Southeast Asia - Mon, April 22, 2024 | 10:07 pm GMT+7
Malaysia sees increased number of young millionaires
The number of young millionaires in Malaysia is on the rise, with a 75% increase in millionaires aged 30 and under recorded in 2022.
Southeast Asia - Mon, April 22, 2024 | 10:07 pm GMT+7
Thai government targets 20 million jobs from 'soft power' project
The Thai government will kick off its One Family One Soft Power (OFOS) project in June, aiming to create 20 million jobs with a minimum annual salary of THB200,000 (about $5,400), said a senior official.
Southeast Asia - Mon, April 22, 2024 | 10:05 pm GMT+7
