Tanzanite to invest in luxury resort in Vietnam

(VOV) - Officials at Tanzanite International on November 9 announced plans to inject US$500 million in a 5-star hospitality resort to be located in the southern province of Ba Ria – Vung Tau.

“The project will be located on a 37 hectare tract of land along the beach at the Ho Tram Strip, said Tanzanite International Vice President Peter Mach.

Mach said it would take 10 years to complete and construction on the US$80 million first phase is scheduled to commence in the second quarter of 2016.