Vingroup’s mega-resort project worth US$1.51 billion kicks off in Danang
The project is expected to contribute to the development of Danang city and the central region.
Works on Lang Van resort and entertainment complex with its total investment of VND35 trillion (US$1.51 billion) kicked off in Hoa Hiep Bac ward, Lien Chieu district, the beach city of Danang, after many years of delay due to prolonged site clearance and compensation issues.
|The Lang Van resort and entertainment complex is Vinpearl's biggest project. Photo: baodanang|
The mega project, invested by Vinpearl JSC, a subsidiary of Vingroup - the Vietnamese conglomerate, covers an area of 1,000 ha.
The five-star complex is Vinpearl’s biggest project. It will feature a five-star hotel with over 1,000 luxury rooms, high-end villas, a performing arts theatre, an international convention hall, a golf course, helicopter pad and other recreational facilities.
The project is expected to contribute to the development of Danang city and the central region, Nguyen Viet Quang, Deputy Chairman and CEO of Vingroup, said.
In 2011, the Danang People’s Committee and Vinpearl signed a deal estimated at US$5 billion to build the Lang Van resort and entertainment complex, including land area and lake surface.
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