Travel

Company to invest 700 billion VND in Nga Bay floating market

A company has proposed to the authorities of the Mekong Delta province of Hau Giang a plan to develop tourism at the local famous Nga Bay floating market, Nga Bay town, at a cost of more than 700 billion VND (nearly 30 million USD).
Company to invest 700 billion VND in Nga Bay floating market ảnh 1A corner of Nga Bay floating market (Source: VNA)

Hau Giang (VNA) – A company has proposed to the authorities ofthe Mekong Delta province of Hau Giang a plan to develop tourism at the localfamous Nga Bay floating market, Nga Bay town, at a cost of more than 700billion VND (nearly 30 million USD).

At a working session with the provincial officials on September 4,representatives of Phuoc Loc Trade-Construction Ltd Co said the plan will be conductedin four phases.

The first two phases would be carried out in 2018 and 2019, with thecompany investing 100 billion VND into building a fleet of tourist boats, necessaryservice facilities and an effective management apparatus for the market. Thecompany will also cooperate with local farmers, garden owners and artisans to createorchards, gardens and craft sites supplying products for the floating marketand serving visitors as well.

In the next two phases from 2019 to 2023, the company will build a tradeand service complex at the site, including walking areas, a park and square bythe river, a four-star hotel, restaurants and homestay facilities. Itsambitious plan also envisions large-scale ecotourism sites and an urban area inNga Bay town.  

Le Gia Phuoc, Director of Phuoc Loc Co said considering the location andpopularity of the Nga Bay floating market, the company hopes to develop a tourismsite on a total area of 200 ha.

Chairman of the provincial People’s Committee Le Tien Chau said theprovince lacks capital for tourism development due to limited budget. Heassigned relevant agencies to create favourable conditions for the company toundertake procedures and realise the plan.

The Nga Bay floating market is one of the busiest markets in the MekongDelta, and also one frequented by tourists. It was formed more than one centuryago at the crossing point of seven canals and rivers.

However, when the local authorities moved the market to another site10km away for waterway safety reasons, sales began to fall.

The province is seeking ways to revive the market for tourismpurpose.-VNA
VNA
#Mekong Delta province of Hau Giang #Nga Bay floating market #effective management apparatus #visitors #service complex #large-scale ecotourism sites #tourism site #Vietnamplus #Vietnam News #Vietnam News Agency Hau Giang
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