The People’s Committee of the central coastal city of Da Nang signed a US$5 billion contract on October 19 with Vinpearl Joint Stock Company to build the Lang Van five-star luxury resort complex on the sea coast.
Tourism developer Vinpearl signs a US$5 billion contract with the Da Nang People’s Committee to build the Lang Van resort complex in Da Nang City (Photo:nhandan.com.vn)
The first phase of the project will begin in 2012 at a total investment of US$1 billion. The resort will open to visitors by 2015 and the entire complex will be complete by 2020.
The Lang Van resort complex will cover 1,065 hectares of land area and 500 hectares of sea. It will be the largest five-star international property project Vinpearl has ever developed.
The resort and entertainment complex will comprise of a five-star hotel with over 1,000 luxury rooms and a large compound with premium apartments and villas.
The resort will also feature a commercial and service complex, an entertainment theatre, an international convention hall, a helicopter pad and many other sports and recreational facilities, including a golf course.
Lang Van, situated on a small peninsula at the foot of Hai Van Pass, with white sand beaches and crystal clear water, is an ideal location for developing a luxury resort.