Two Tourism Projects in Quang Nam-Da Nang Get Given the Nod

The central city of Da Nang has licensed a five-star tourist area project to be built by the Indochina Capital Group on the coast of Ngu Hanh Son district.

Chairman of the Da Nang City People's Committee Tran Van Minh (L) shakes hands with General Director of Indochina Capital Group Peter Ryder (Photo: Tuoi Tre)

A company of the group, Indochina Land, will invest US$80 million to construct a five-star tourist area covering 20 hectares with 250 rooms, 150 luxury apartments and 40 villas.

Work will begin on the project later this year and is scheduled to be completed by 2009.

The Quang Nam Province People’s Committee also licensed the construction of a golf course at a cost of US$36 million for Indochina Land.

The Indochina Capital Group has so far funded 7 projects in Viet Nam with the total capital investment of over US$1 billion.


Source: Tuoi Tre – Translated by Thuy Hang

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