Vingroup project on Vu Yen Island a key part of efforts to develop tourism in northern city.
Prime Minister Nguyen Tan Dung has approved the Vu Yen Island Ecotourism Urban Area project in the northern port city of Hai Phong, invested by Vingroup.
He assigned the Hai Phong City People’s Committee to collect opinions from the Ministry of Construction and other ministries and related agencies for project planning and to take responsibility for investor selection.
The Vu Yen Island Ecotourism Urban Area has total investment capital of $1 billion, with construction expected to begin this year and be completed by 2019.
The project will include ecological villas, a 36-hole golf course, amusement parks, and an ecological park, on an area of 872 ha.
Chairman of the Hai Phong City People’s Committee Le Van Thanh said that Vu Yen Island is a prime location that plays an important role in the development of tourism in the city. For the city’s tourism to develop it is necessary for it to have parks and entertainment areas.
He also asked that consultants continue with planning efforts to ensure consistency and to add plans for a five-star hotel, casino, marina, and cable car on the island.
Vu Yen Island is located between Hai An and Thuy Nguyen districts in the city.