• First int’l balloon festival to be held in Binh Thuan

The sponsorship agreement was signed on August 15 at SeaHorse resort of Binh Thuan between the event’s organiser, the Chien Thang Service Ltd, and Vietnam Airlines, Vietnam Posts and Telecommunications Group (VNPT) and the fully foreign invested life insurer Manulife.

The festival is estimated to cost VND20 billion, said Chien Thang company’s vice general director Hoang Ngoc Nam.

Speaking at the ceremony, vice chairman of the People’s Committee of Binh Thuan Nguyen Thanh Tam said that the festival is expected to promote the country’s image in general and the local tourism sector in particular.

More than 50 pilots and international balloonists from 12 countries and territories will take part in the show.

Currently, organisers are putting final touches to preparation for the event.