The Sai Gon General Service Joint Stock Company (SAVICO) recently started work on construction of the Mercure Sontra Resort in the center of the Son Tra Peninsula in Tho Quang Ward, Son Tra District, the city of Da Nang.

The Binh Dinh Economic Zone Authority gave the Trung Hoi Tourist Co., Ltd. an investment license for construction of the Trung Hoi Resort Project on almost 106ha at a total cost of about VND2.27 trillion.

Petrocapital and Infrastructure Investment JSC, or Petroland, has said it will start building a four-star hotel in the southern province of Tay Ninh this weekend, marking its first step into the hospitality sector.

Vietnam is an attractive destination for investors involved in the entertainment business, said the Executive Producer of KB Creative Advisors, Steven Ryan. The growth in the recreation business is attributable to the stable economy, an overwhelmingly young population and an increase in people’s purchasing power, he added.

Since 2005, the ancient town of Hoi An in Quang Nam province has invested nearly VND67 billion in projects to restore and preserve its cultural and historical sites. Of the sum, more than VND20 billion came from the province’s budget, while the local people contributed more than VND5 billion.

A master plan to develop Phu Quoc Island to 2030 is creating a lot of investor interest, the Construction Ministry and the Kien Giang People’s Committee said. Bui Ngoc Suong, chairman of the local people’s committee, said the plan had been created by Vietnamese companies and the US-based design company WAGT.

The ASEAN Tourism Investment forum will take place in HCMC as part of the annual International Travel Expo slated for September 30 to October 2 at the Saigon Exhibition and Convention Center in District 7, the organizer said.

The Outrigger Vinh Hoi Bay Resort and Spa, a 5-star resort accommodation, will be co-designed and managed by Hawaii-based Outrigger Enterprises Group, according to the family-owned company’s recent news release.

Work on construction of a 110 million USD resort started in the central city of Da Nang on May 4 by the Saigon-Da Nang Investment Joint Stock Company (SDN), a member of Saigon Investment (SGI).

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 United States-based Emerging Market Group wants to set up a multi-billion-dollar tourism project in northern Quang Ninh province.

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.

Life Resort Da Nang of the Hoang Tra Tourist Co., Ltd. will be open on March 20 comprising of 187 Superior, Deluxe, Suite, Presidential Suite and villa rooms, plus a 1,400sq.m, 10-room spa area, healthcare center, tennis court, swimming pool, meeting room and restaurants including Senses with 300 seats.

The Hanoi authorities have approved a $1.2 million project to preserve the Thang Long royal citadel in Hanoi, funded by the UNESCO. This project will be carried out by the Centre for Conservation of Co Loa Relic and Hanoi Ancient Citadel.

The Binh Phuoc provincial People’s Committee on February 8 granted an investment license to the Binh Phuoc Entertainment Company Limited to build an international standard racetrack.