The five-star hotel Nikko Saigon on Sunday officially opened in HCMC after two years of construction, taking the total number of five-star hotels in the city to 14.
Vietnam and Italy have signed cooperation agreements on tourism and development during the visit to Italy by State President Nguyen Minh Triet.
Also on the occasion, the Vietnamese and Italian education ministries inked a memorandum of understanding on cooperation in research, science and education.
Swedish company ScandiaVilla & Resort on August 4 broke ground on an international tourist village in the southern central coastal city of Tuy Hoa. Upon completion five years later at an estimated cost of 10 million USD, the beach resort will be able to host 1,000 tourists a day, said Helena Van, the company’s Chief Executive Officer.
Covering an area of over 38 hectares, the village includes 200 villas, 120 hotel apartments, a four-star spa resort and a
Singaporean luxury resort developer Banyan Tree said Saturday it will build a large resort near the historical town of Hue at an estimated cost of US$900 million.
When fully developed, the 280- hectare beachfront resort will comprise seven hotels with a total of 2,000 rooms, a golf course, residences and convention facilities.
The resort is about one hour's drive from Hue, an ancient imperial capital in central Vietnam and a United Nations
The Chan May-Lang Co Economic Zone (EZ) has, since its inception attracted 33 projects with a total registered capital of over 31 trillion VND (nearly 1.9 billion USD).
According to the Zone Management Board’s report released on July 30, the investment capital includes 1.4 billion USD from 10 foreign-invested projects.
Prime Minister Nguyen Tan Dung has approved a project to upgrade the Phu Bai International Airport in central Thua Thien-Hue province through 2030 to the tune of over 12.57 trillion VND (718 million USD). Once the project is completed, the airport will be able to receive A320, A321, Boeing 767, and Boeing 777-200LR planes.
By 2020, the airport is expected to be able to accommodate 20 aircraft landings at peak hours, and 5 million passengers each year.
The U.K. Starbay Holding Ltd is clearing the site for its US$1.8 billion resort on Phu Quoc island off Vietnam’s southern province of Kien Giang.
Pham Vu Hong, chairman of the Phu Quoc island development board, confirmed that Starbay will start the project as soon as it completes site clearance.
Hong added that the board has given a nod to Tructsse Holdings of Switzerland for an expected US$2 billion realty project adjacent to Starbay’s resort.
