With a total area of 22 hectares and a dense forest, Reu Island is home to thousands of monkeys and diverse species of animals.— File Photo

HA NOI(Biz Hub) —Vingroup has planned to invest VND957 billion (US$45.5 million) in a project to build a luxury resort on Reu Island in the northern Quang Ninh Province's Ha Long City.

The announcement was made at a meeting between the Quang Ninh Province's People Committee and Vingroup's representative in late May.

According to the project, the complex will include a 12,000 square metre tourist reception zone in Bai Chay Town and five star hotels and resorts at an area of 49,600 square metres in Reu Island. The resort will comprise 350 hotel rooms, high-quality entertainment, health-care services and international standard conference halls.

According to Vingroup, the complex will also help connect with other famous destinations in the province. The tourists will be transferred from the reception zone in Bai Chay to the resort on the island by speed boats.

With a total area of 22 hectares and a dense forest, Reu Island is home to thousands of monkeys and diverse species of animals.

During the meeting, the Chairman of Quang Ninh People's Committee Nguyen Van Doc required Vingroup to complete the master plan of the project before June 10 while he promised to create the best conditions for the investor to kick off the project in 2014.— VNS