The Saigon Travel Service Company (Saigontourist) has recently announced a plan to invest 2 billion USD in a number of infrastructure projects in the 2011-2015 period.

The projects to benefit include the sea-encroached town of Sun bay located in Can Gio district, 50 km from Ho Chi Minh City, with a total capital of 1.2 billion USD.

The second phase of the Saigon Exhibition Centre, costing an estimated 300 million USD and several others such as the Kim Do office and hotel complex, Majestic Tower and the Saigon-Gemadept Tower, with a total cost of 50-100 million USD.

The Dau Tu (Vietnam Investment Review) newspaper quoted Nguyen Huu Tho, Saigontourist’s Director General, as saying that apart from these new projects, the company will continue investing in several others such as the Sai Gon-Phu Quoc tourism area, with an expected capital of 200 million USD and the Thu Thiem complex, with 200 million USD.

Saigontourist will also attaches a lot of importance to upgrading technological and material facilities, personnel training and improving the quality of its products, said Tho.

In term of overseas investment, the company has injected an initial 27 million USD into the Cho Ray Hospital in Cambodia. It is also a shareholder in a 5,000 ha rubber project in Laos and owns a 200-room hotel worth 50 million USD in the US./.