First phase of $4-billion resort complex to be completed in late 2019

Saturday, Aug 24, 2019 07:49

An artist's impression of the South Hoi An resort's first phase. — Photo

The first stage of a US$4 billion luxury integrated resort in the central province of Quang Nam is slated for completion in late 2019, a briefing heard in the capital city on Friday.

Financed by Viet Nam-focused asset management firm VinaCapital, SunCity Group, and Hong Kong-based VMS Investment Group, the Hoiana resort covers a total area of nearly 1,000ha in three communes of Duy Hai, Duy Nghia and Binh Duong. The project is divided into seven phases and will be developed by Hoi An South Development Co over 13 years.

The first phase will include an 18-hole golf course, four hotels with 1,000 rooms, villas and other entertainment facilities. Up to 4,000 local jobs will be created once this stage is fully operational.

In the other six phases, Hoi An South Development Co will further develop the site which will comprise residential dwellings, commercial and retail areas, opportunistic developments such as cultural villages and entertainment facilities and other public facilities. — VNS

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