Nghe An appeals for tourism investment

Nghe An, the largest province in the North Central part of Viet Nam, is calling on massive investment of around US $250 million in 22 projects on marine and eco-tourism from now to 2015.

These projects include an eco-tourist area at Khe Kem Waterfall (worth of US $63 million), a tourist area at Quyet Mountain-Ben Thuy (US $25 million), Sao Va Waterfall (US $10 million), and Nghi Thiet Beach (US $6 million).

To tap its tourist potentials, the local authorities of Nghe An called upon investors to get involved in sea, convalescence and eco-tourism, sites in Quynh Lưu, Cua Lo, Nghi Loc, Con Cuong and Nam Dan Districts.

These projects are expected to create new, attractive and typical tourist products for Nghe An and the Central region of Viet Nam.

In addition, the locality also thirsts for more flows of investment building more commercial centers, sports services, entertainment parks, and so on.

The authorities of Nghe An pledge to grant numerous incentives for investors in terms of investment promotion, site clearance, better infrastructure, and land lease.

Source: Government website

Province ready to be tourism wonderland

The United States-based Emerging Market Group wants to set up a multi-billion-dollar tourism project in northern Quang Ninh province. The firm last week met Quang Ninh provincial leaders to propose a $3 billion project in the Van Don Economic Zone, which would cover Van Don Island and represent the province’s biggest investment project. The project includes a five-star hotel and casino complex with around 2,000 rooms, a golf course, an international convention centre, a horse-racing track, a high-rise apartment building and an entertainment park. “If Emerging Market Group’s project is developed, it will be a strong gravitational force to lure more tourists and investors to the province,” said the provincial People’s Committee vice chairwoman Nhu Thi Hong Lien. The investor must provide further project details by the middle of next month and submit an investment plan, including environment impact assessment to the province. The project will then be submitted to the government for approval. “They [representatives of Emerging Market Group] have just given us a proposal and we would like to learn more about the project feasibility as well as the investor’s ability,” said Lien. Quang Ninh is home to the world-famous Halong Bay and is already a popular northern Vietnam tourist destination. However, the province has not yet sucessfully attracted giant tourism projects as central and southern areas like Danang city, Quang Nam, Ba Ria-Vung Tau and Khanh Hoa provinces remain preferable destinations for foreign investors. Last year, United Arab Emirates’ Limitless, a business unit of Dubai World, signed a memorandum of understanding with Quang Ninh People’s Committee to develop the Mac Dynasty Lagoon project. But, the project is in limbo after Dubai World’s publicised financial troubles. Lien said several other investors were interested in developing large projects in the Van Don Economic Zone. Another American company, Rockingham Asset Management LLC, last October submitted Quang Ninh People’s Committee an investment plan for an airport project. Under the proposal, the airport will have total investment capital of around $1.2 billion and the construction will be implemented since 2010 to 2030. Rockingham Asset Management will develop the airport project under build-operate-transfer investment form. The first phase of Van Don airport could be put into operation in 2014. Nhu Ngoc

Source: monre.gov.vn