VINADIC to pour $154m in five-star resort in Ba Ria-Vung Tau

Friday, Mar 20, 2020 12:55

A section of National Highway 50 linking HCM City with the southern province of Tien Giang built by VINADIC. — Photo VINADIC

Vietnam Construction Investment Development Company (VINADIC) plans to invest more than VND3.6 trillion (US$154.5 million) in AMACCAO resort and eco-tourism project in the southern province of Ba Ria-Vung Tau.

The investment proposal has been recently submitted to provincial authorities.

The project, expected to cover 18.9ha in Binh Xuyen District, will be a five-star resort, including villas, apartments, hotels, resorts, catering services and restaurants.

If the local authorities approve the plan, the construction will start in the third quarter of this year and come into operation in the third quarter of 2027. The operation time of the project is 50 years.

VINADIC was officially established in 2001, headquartered in Ha Noi. It mainly focuses on construction and engineering activities, including roads, infrastructure, irrigation and civil constructions projects. — VNS

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