Ninh Thuan Province People’s Committee has granted principle approvals for two large-scale tourism projects, worth a total VND2.5 trillion (US$107.3 million).

Financed by Royal Ninh Thuan development and investment joint stock company, the 87.5ha tourism complex will be developed at Phuoc Diem Commnue, Thuan Nam District. It will comprise a five-star hotel with 500 rooms, 100 high-end villas and a convention centre, restaurants and an entertainment area.

The complex, worth VND2 trillion, is slated for completion in June, 2022.

Meanwhile, the second project — invested by Ninh Thuan international tourism joint stock company — will cover 6.56ha at Khanh Hai Town, Ninh Hai District. Worth VND550 billion, the complex will include a five-star hotel providing between 200-300 rooms, villas and food streets. It is expected to be finished in December, 2021.

Ninh Thuan is seeing rising interest from investors thanks to its potential for tourism.

The central coastal province is home to 61 tourism projects with total registered capital of nearly VND20 trillion.

This year, Ninh Thuan aims to attract 2.35 million visitors, including 100,000 foreigners, and expand its luxury and ecotourism offerings.

Up to 2.19 million holiday-makers travelled to the province in 2018, a year-on-year increase of 15.3 per cent. It earned VND1.05 trillion from tourism services, a yearly increase of 18.9 per cent. — VNS