Investment Projects

Petrocapital and Infrastructure Investment JSC, or Petroland, has said it will start building a four-star hotel in the southern province of Tay Ninh this weekend, marking its first step into the hospitality sector. (Detail)

Construction of the Hoa Phuong Island Complex with an investment capital of VND2,000 billion started in Do Son district, Hai Phong City, on August 6.(Detail)

The Central Highlands province of Kon Tum has spent more than VND20 billion (about USD1.04 million) on building and restoring Rong house (communal house), the traditional and spiritual home of the local ethnic minority groups.(Detail)

The Huu Nghi-Huu Nghi Quan (Friendship-Friendship Gate) tourism complex will be built across the border of Vietnam and China to bolster the two countries’ friendship and cooperative relations. (Detail)

The five-star Majestic Hotel in downtown HCMC will start work on an expansion project early next year, with a new 28-story building of 205 rooms and 19,000 square meters of office space plus parking space to be developed. (Detail)

The Hung Duy Trading Import Export Transportation Company will invest VND130 billion in building an eco-tourism area in Hoa Thanh district, Tay Ninh province.(Detail)

The Outrigger Vinh Hoi Bay Resort and Spa, a 5-star resort accommodation, will be co-designed and managed by Hawaii-based Outrigger Enterprises Group, according to the family-owned company’s recent news release. (Detail)

Poland is to share the 37,000 USD cost of preserving a stele engraved with King Tu Duc’s teachings that sits in front of the old national university in Hue City with a donation of 18,700 USD. (Detail)

Nearly 17,000 cherry trees will be planted around Tuyen Lam Lake in the Central Highlands resort city of Dalat by the end of this year.(Detail)

Five enormous gates to welcome visitors to the capital city of Hanoi will be built on the five main highways leading into the city, say the municipal People’s Committee. (Detail)

VND37 billion will be earmarked for a pilot project to restore Towers E7 and F1 of the UNESCO-recognised Cultural World Heritage site of My Son in the central province of Quang Nam.(Detail)

The Government has drawn up a roadmap for restoring the Hue royal citadel through 2020 as part of an overall programme to conserve the world heritage site.(Detail)

The German Consulate General in Ho Chi Minh City has announced four cultural conservation and training projects in Vietnam, an indication of the support and cooperation in culture between the two countries.(Detail)

Vinaconex Investment & Tourism Development Joint Stock Co., or Vinaconex-ITC, has launched the Cat Ba Amatina tourism urban area project in Haiphong City with a total investment of US$1 billion.(Detail)

The five-star residential-commercial-hotel complex Le Meridien Danang Resort & Spa got off the ground on May 4 in the central coast city of Danang for completion in 2013, said the investor Saigon-Danang Investment Corporation.(Detail)