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 12-hectare Le Meridien Danang Resort and Spa lies on 500m long Son Tra-Dien Ngoc coastline. It includes a five-star hotel with 349 bed rooms and a villa and apartment area for sale and lease.

Close to the World Cultural Heritages of Hoi An ancient town, My Son sanctuary and Hue ancient city and Da Nang international airport, Le Meridien Danang Resort and Spa is expected to meet demands on entertainment, shopping and sightseeing of visitors and residents.

The project, the third of its kind invested in Da Nang by the SDN, is scheduled to be complete and operational in 2013.

Also on this occasion, the SGI and the SDN donated 1 billion VND to the Fund for the Poor of Ngu Hanh Son district, Da Nang city./.