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Ninh Thuan Province has approved in principle a resort project in Binh Son Beach, Phan Rang Town by Song Viet Trading. The company plans to invest VND150-200 billion in the Red Coral Resort.
The resort will cover 20 hectares and comprise 44 bungalows, a four-star hotel with more than 200 rooms, a water sports section, and a house exhibiting coral and sea creatures. The investor would submit a blueprint in the next two months, and construction will take between 20 and 30 months after the project is licensed.
Ninh Thuan prioritized projects by local and foreign investors to develop tourism there as the industry is seen to hold good prospects for development. Ninh Thuan caters to about 15,000 tourists every month, but international arrivals account for a mere 6% to 7%.
The province will complete the detail plans for two big resort projects to call for investment. One is in Vinh Hy Cape, which will need an investment of VND300-500 billion (US$20-32 million). The other in Mui Dinh Beach, estimated to cost VND1 trillion (US$65 million), will have various entertainment and sport facilities, in addition to hotel facilities.
The provincial government wants this resort to include such facilities as horse and dog racing courses, sand sports, water-skiing, sailing and convenience hotel facilities. Investment is estimated at VND1 trillion, or some US$65 million.
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