Delegates launch the Van Village project – a luxury entertainment and resort complex – at the foot of the Hai Van Pass after a 10-year hiatus. Photo Vingroup

Local tourism property developer, Vinpearl joint-stock company, a member of VinGroup, has restarted the Van Village project – a luxury entertainment and resort complex – at the foot of the Hai Van Pass after a 10-year hiatus.

The Lang Van (Van Village) project, which covers 1,000ha in the former Van Village, will be built with total investment of VND35 trillion (US$1.5 billion) – 10 times as much as its initial approved plan of investment.

The site, which is only accessible by boat and by foot, will be one of the largest entertainment and resort projects in Da Nang, and it would host five million tourists per year in the near future.

The project would spark future investment in five-star entertainment and tourism as it is situated in the key economic centre in the northwest zone, near Lien Chieu Port; Nam O eco-tour site and resort invested by Trung Thuy Group; the National Historical Relic and Architecture of Hai Van Gate on the top of Hai Van Pass linked with National Highway No 1, Kim Lien railway station, a logistics centre, the East-West Economic Corridors and the Chan May-Lang Co Economic Zone in Thua Thien Hue.

The project, which was first planned by the authorities of Da Nang in 2011, had been delayed due to adjustments of the Master Plan.

Da Nang People’s Committee had to fine-tune the plan for the project in 2016.

Da Nang will build a new Lien Chieu Port as an international hub for handling cargo ships with 100,000 deadweight tonnage (DWT) and container ships with loading capacities from 6,000 to 8,000 twenty-foot equivalent unit (TEUs) near the Lang Van complex project.

According to the city’s Investment Promotion Agency, VinGroup has poured hundreds of millions of US dollars in projects, including a 222-bed international hospital; two Vinpearl luxury resorts; the Vincom trading centre, and Vinpearl condotel in the city. — VNS