Quang Nam welcomes more tourism projects
17/11/2006 (GMT+7)
Quang Nam, the beautiful land in the central region, has been attracting many foreign invested projects on tourism.
The Quang Nam Peoples’ Committee on November 15 announced that the US-based Qudos Asia, a travel company, had applied for a licence to build a high-grade resort in Cam An yard, Hoi An town. The resort is expected to cover an area of 8.5ha and cost $20mil. Qudos Asia has reached an agreement with Hoi An town authorities on the place for the project, and it is now following administrative formalities in order to initiate the project in mid 2007.
Qudos Asia has agreed to pay more than VND9bil to subsidise site clearance and resettlement. Moreover, it has paid a deposit of $85,000 and given a no-interest loan worth $165,000 to Hoi An. The loan will be used to build a resettlement area, which will help speed up the site clearance for the Vietnam project.
The Quang Nam Peoples’ Committee has officially permitted Indochina Land, a member of Indochina Capital, to build a golf course on an area of 125ha in Dien Ngoc and Dien Duong communes in Dien Ban district. The detailed project will be drawn up by Indochina Land and likely kicked off at the end of the next year.
This will be the second standardised golf course to be built in Dien Ngoc – Dien Duong, which is 3.5km far from the golf course developed by Sai Thanh International Joint Stock Company. It is estimated that some 300 households will have to move from their current residences.
(Source: VNN)
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