Spanish firm invests $43m project in Hue

Tuesday, Sep 24, 2019 17:46

Representatives attend the groundbreaking ceremony of Hue Amusement and Beach Park. — Photo

Vinh Thanh Investment Joint Stock Company, a member of Spain’s PSH Group, has held the groundbreaking ceremony of the Hue Amusement and Beach Park in the central province of Thua Thien Hue.

The project is located on 50ha in Phu Vang District with investment capital of more than VND1 trillion (US$43.08 million).

The project includes a tourism service complex including a hotel, resort villas and entertainment areas with a water park,a bird garden, commercial centres and other services.

It will have 1,000 four-star and five-star hotel rooms, 42 luxury villas and other service complexes.

It is expected that the first phase of the project will include a hotel complex with 120 rooms.

Speaking at the ceremony, Chairman of Thua Thien Hue People's Committee Phan Ngoc Tho said that in recent years, with the determination of the provincial leaders in building a transparent and open investment environment, Thua Thien Hue Province was becoming an investment location that attracted domestic and foreign investors, especially in the fields of tourism and services.

Tho said that coastal tourism development was part of the province's strategies to boost the local economy. Provincial leaders had also pledged to create favorable conditions for the project to go into operation soon, becoming a bright spot in the construction of green and environmentally friendly tourist sites in the locality. — VNS

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