The domestic FCL Group held a ground-breaking ceremony on May 23 to launch the construction of the Nhon Ly golf, resort, villa development and high-end entertainment complex in southern Binh Dinh province’s Quy Nhon city.

Covering an area of 300 hectares, the 162.8 million USD project includes an 18-hole golf course, a five-star, 600-room hotel, an international convention centre, a restaurant chain and swimming pools, all built to international standards according to FCL Group Chairman Trinh Van Quyet.

The project will be built at a total cost of 3.5 trillion VND (162.8 million USD) and 70 percent of the capital is loan from the Bank for Investment and Development of Vietnam (BIDV).

This is the second tourism project granted an investment certificate in Nhon Hoi Economic Zone, said Ho Quoc Dung, Chairman of the provincial People’s Committee.

He added that the project will be a driving force to draw more investment in the province, aiding local socio-economic development.

The complex is scheduled to become operational by the end of Q2 in 2018.-VNA