Business

Da Nang restarts 1.5 billion USD resort mega-project

The Da Nang People’s Committee announced on March 30 that a Vingroup mega-project in Lien Chau district worth 35 trillion VND (1.51 billion USD) has been restarted after years of delay.
Da Nang restarts 1.5 billion USD resort mega-project ảnh 1The Lang Van resort and entertainment project will span nearly 1,000 ha at the foot of Hai Van Pass in the northern reaches of Da Nang. (Photo: VNA)
Hanoi (VNA) - The Da Nang People’s Committee announced onMarch 30 that a Vingroup mega-project in Lien Chau district worth 35 trillionVND (1.51 billion USD) has been restarted after years of delay.

The Lang Van resort and entertainment project will span nearly 1,000 ha atthe foot of Hai Van Pass in the northern reaches of the central coastal cityand is expected to further boost local tourism.

An in principle agreement was signed in 2011 between the Da Nang city People’sCommittee and developer Vinpearl JSC, a member of conglomerate VinGroup, on theconstruction of the project, which was then delayed for multiple reasons.

Chairman of the municipal People’s Committee Le Trung Chinh said theLang Van complex is situated at a location significant in terms of naturalresources, culture, and security and defence.

He urged the developer to pay great attention to these elements toensure the harmonious and sustainable development of not only Lien Chieu districtbut also the city as a whole./.
VNA
#Vingroup mega-project #Lang Van resort and entertainment complex #Vinpearl JSC #Lang Van #mega project #Da Nang #Vietnam #Vietnam news #Vietnam news agency #Vietnamplus Da Nang
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