Invested by Vingroup, Vietnam’s leading real estate developer, the 39-hectare Vinpearl Cua Hoi project has total investment capital of more than VND900 billion (US$40.6 million), including high-end resort villas, five-star hotel, restaurants, and other facilities. It is located at Cua Hoi beach, 15 kilometres from Vinh city.
Speaking at the ceremony, Chairman of the provincial People’s Committee Nguyen Xuan Duong said that the project is significant to the provincial development.
Upon completion, the international standard complex will mark a giant stride in the local tourism sector, he noted, adding that the province commits to creating favourable conditions for the investors to effectively implement the project.
Vingroup also launched construction of the 16-hectare Cua Sot villa complex in Loc Ha district, Ha Tinh province on the same day. The two top-notch complexes are expected to mark a major advance in the regional tourism.
Also on June 26, the provincial People’s Committees of Nghe An and Ha Tinh started works on Cua Hoi bridge across Lam river, connecting Cua Lo resort town (Nghe An province) and Nghi Xuan district (Ha Tinh province).
The VND1 trillion (US$45.1 million) bridge on the approved route along the central coast line will facilitate socio-economic development and consolidate security defence in the two provinces and the north central region.