Cat Ba Tourism Urban Zone
The Vietnam Construction Import-Export Corporation (Vinaconex) is moving ahead with its project on Cai Gia tourism urban zone on Cat Ba Island Vietnam.
According to the Vietnam National Administration of Tourism, this is the first tourism urban zone to be set up in Vietnam, which will serve as the impetus to promote tourism on Cat Ba Island off the coast of the sea city of Hai Phong Vietnam.
The tourism zone is expected to cover an area of 171 ha, belonging to Cai Gia bay of the Cat Ba Island-Ha Long Bay Vietnam complex. The project is estimated to cost over $600mil, and the time needed to fulfill the project is 8-10 years.
According to the design, the urban area will have many functional areas, including 1,000 villas in four villa areas. The areas can create groups of resorts, which comprise individual villas, and 3-5-star hotels. There will also be areas for tourism and entertainment services, expected to consist of an international conference centre, 25,000 sq m wide, Tung Thu national aquarium and bathing beaches, yacht clubs and sports areas.
According to Tran Ngoc Quang, director of the project management board, once the project becomes operational, it will create a new area which has the surface area and population equivalent to that of the existing Cat Ba town. This will become a new tourism centre of Cat Ba Vietnam, turning Cat Ba Vietnam into a luxurious tourism point, which can be compared to other famous regional destinations.
While implementing the project, the state will carry out a lot of infrastructure projects to support the development of Cat Ba tourism, including Highway No 5B, Dinh Vu Bridge, and the cross-island road. It will take two hours only to travel from Hanoi to Cat Ba Vietnam.
The investor has completed the work of site clearance, and is preparing to build the first items of the tourism urban zone on an area of 10 ha. The zone will provide two new bathing beaches for Cat Ba, create an international wharf, making Vietnam a stopover on the itinerary by yacht from Hong Kong to Singapore.
According to Mr Quang, in order to speed up the construction pace, Vinaconex is preparing to establish a joint stock company, which will gather many big investors, including banks and economic groups. Vinaconex will also call for investment cooperation in the tourism urban zone. He said Vinaconex would complete the infrastructure works and develop some items, and then cooperate with other investors to build and develop other items there.