A view of the model bulgalow in the FLC Samson Golflink & Resort project in the central Thanh Hoa Province. —  Photo courtery of FLC Group

THANH HOA (Biz Hub) — FLC Group's Samson Beach and Golf Resort in the central Thanh Hoa Province will open by the beginning of May to welcome the National Tourism Year 2015 in the area.

The group will inaugurate a 1,300-seat convention centre, an 18-hole golf course designed by Nicklaus, the five-star Fusion Resort Samson with 83 rooms and the four-star Alacarte Samson Hotel with seven floors and 200 bungalows.

FLC Chairman Trinh Van Quyet told a press tour held over the weekend that they have enough money for the more than VND5.5-trillion (US$257 billion) project, though several large banks are ready to lend money for the major project.

"Vietinbank has committed to lend about VND1 trillion ($46.7 billion) for the project. However, we do not need a loan at the moment. The loan will be used for other projects," Quyet said.

He added that the group has rushed to speed up its project's progress as he expects the property market to improve this year.

"FLC wants to take advantage of the opportunity. I can give an example. If the project's progress is slow, we could lose a turnover of VND3 billion ($140,000) a day or VND1.2 trillion ($56 billion) a year," he said.

That is the reason why the group has mobilised up to 3,000 workers to work 24/7 for the project.

Answering the question whether the hurry could affect the construction's quality, the chairman said that there will be no such situation as they have hired a foreign company to supervise the construction quality.

In addition, if the project's quality is not good, we will suffer losses, he pointed out.

About 1,000 villas will be offered for sale after all construction work is completed. The group will not sell anything if the infrastructure development is not complete.

The province's local authorities said that the project has made rapid progress as it completed a great amount of work of receiving a licence, land clearance and construction in only nine months.

The project is expected to be a breath of fresh air for the Samson tourism area, contributing to attracting foreign investors to the province. It has also created jobs for thousands of local people, and is likely to contribute significantly to the provincial budget. — VNS