Tourism focuses on southeast region

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The Prime Minister has approved a master development plan on culture, family, sports and tourism for the southeast region to 2020. The plan will focus on Ho Chi Minh City and the provinces of Ba Ria-Vung Tau, Dong Nai, Binh Duong, Binh Phuoc, Tay Ninh, Long An and Tien Giang. It aims to turn the region into Viet Nam's centre of culture, arts, sports, and tourism. HCM City, the region's largest city, is expected to provide cultural and arts training and research for the country, and be the biggest market for fine arts, theatre, film and performing arts. The plan's priority is restoring and promoting the region's heritage, especially world heritage sites and national relics, as well as the country's traditional and contemporary performing arts such as don ca tai tu (Southern folk music), cai luong (reformed opera) and hat boi (classical opera). The plan calls for more high-quality contemporary music performances and fine art exhibitions, and the use of modern equipment in theatres … [Read more...]

Tourism focuses on South-east

Tourists riding on horse carts for sightseeing in Chau Thanh District, Ben Tre Province. The Prime Minister has approved a master development plan to turn the southeast region into Viet Nam's centre of culture, arts, sports, and tourism. — VNA/VNS Photo Tran Thi Thu Hien

HCM CITY (VNS) — The Prime Minister has approved a master development plan on culture, family, sports and tourism for the Southeast region to 2020. The plan will focus on HCM City and the provinces of Ba Ria – Vung Tau, Dong Nai, Binh Duong, Binh Phuoc, Tay Ninh, Long An and Tien Giang. The plan aims to turn the region into Viet Nam's centre of culture, arts, sports, and tourism. HCM City, the region's largest city, is expected to provide cultural and arts training and research for the country, and be the biggest market for fine arts, theatre, film and performing arts. The plan's priority is restoring and promoting the region's heritage, especially World Heritage Sites and national relics, as well as the country's traditional and contemporary performing arts such as don ca tai tu (Southern folk music), cai luong (reformed opera) and hat boi (classical opera). The plan calls for more high-quality contemporary music performances and fine art exhibitions, and the use of … [Read more...]

Local estate developers hunt for foreign capital

The Hoa Binh Construction and Real Estate Trade JSC signed a series of contracts with foreign investors and contractors in the first eight months of the year.

VietNamNet Bridge - As the domestic financial sources are limited, Vietnamese real estate developers tend to seek capital foreign capital and look for their opportunities by cooperating with foreign firms. In July 2013, the company signed a VND400 billion contract on undertaking a part of the SORA gardens I in Binh Duong City new city project. This is a package deal belonging to the Japanese invested Tokyu Binh Duong Garden City, which has the total investment capital of $1.2 billion. At the end of the second quarter of 2013, Hoa Binh signed a contract on undertaking the management over GEMS, a high end house - shopping mall - hotel complex in Yangon, Myanmar. In May, Jesco Asia, the foreign partner in Hoa Binh, poured tens of billions of dong to upgrade the designing, the electro-mechanics and infrastructure execution. In late March 2013, PT Nikko Securities Indonesia spent over $10 million to buy HBC shares at the prices higher than the market price. Khang Thong, also a big … [Read more...]

“Mysterious” billionaire wants to invest in $27 billion oil refinery

The Saudi Arabian billionaire Thureign Augn, second from right.

VietNamNet Bridge - Mr. Thureign Augn was introduced by PTT Thailand as a Saudi prince, billionaire, and also a potential investor in the super-petrochemical project which was just kicked off in Nhon Hoi, Binh Dinh province. "After being proposed to participate in the Nhon Hoi oil refinery project of PTT, we have accepted and committed to support investment because we see the potential of the project from the input as well as the output of this petrochemical complex in the near future," Thureign Augn said at the ceremony. Along with the title "prince, billionaire," Thureign Augn was also introduced as the president of a bank called Hypo Commerce Bank. Chairman of Binh Dinh Province - Mr. Le Huu Loc confirmed with VNE that Augn is an "Arabian billionaire who is not only rich in financial resources but also in experience in oil-refining business." He also said that Augn is the strategic partner of Khang Thong Group (Thailand) - a major investor in Nhon Hoi Economic Zone. Khang … [Read more...]

$2bln-property owner has IP project scrapped

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The developer of a mega-theme park has lost its license to develop an industrial park in the southern province of Tien Giang, according to local authorities. An artist's impression of the 212 ha Binh Dong Industrial Park, located in the southern province of Tien Giang, is seen in this image. Khang Thong Group has lost a license to build it because of tardy construction progress. Photo: http://www.khangthong.vn Vo Van Nam, chief of Tien Giang’s Industrial Park Authority, said that he signed last week a decision to withdraw an investment certificate that allowed Khang Thong Group, based in Ho Chi Minh City, to build the 212 ha Binh Dong Industrial Park in Go Cong Town. Khang Thong, which is developing a US$2 billion entertainment complex in neighbouring Long An Province, had earlier asked Tien Giang authorities for a return of the industrial project to the province, citing high land compensation expenses among the reasons. The Binh … [Read more...]

Ninh Binh lures VND9.1 trillion of investment

Chien Thang and Tu Hoang These projects are of very large scale in the context that projects with a similar scale are getting fewer due to the economic downturn. In particular, the largest project is the high-quality steel rolling plant to be developed by Kyoei Steel Vietnam Co. in Khanh Phu Industrial Park with a total investment of over VND3.87 trillion. In the field of tourism, the largest project goes to the Kenh Ga 2 hot springs resort project of Thong Nhat Construction Co. with a total value of some VND3.01 trillion. … [Read more...]

MJ’s dad withdraws from $2bn project in Vietnam

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Joseph Jackson, father of late pop king Michael Jackson, has pulled out of a massive entertainment complex in Vietnam where he signed a deal to be involved in the construction of a major hotel last year. His withdrawal from the development of the hotel which is part of the Happy Land project, a Disneyland-inspired amusement park, was posted on his official website in January, and confirmed Wednesday by Phan Thi Phuong Thao, board chairwoman of its developer Khang Thong Group. … [Read more...]

Vietnam-Russia Businesses Strengthening Cooperation in Various Fields

Cooperation agreement signed by Vietnamese and Russian businesses under the witness of President Truong Tan Sang and his Russian counterpart Vladimir Putin

In the framework of the official Russia visit by Vietnamese President Truong Tan Sang from July 26 to 30, businesses of the two countries had the opportunity to exchange information, explore markets and promote cooperation on potential areas. Business Forum: Opportunity for interaction and exchange To prepare an accompanying delegation, the Vietnam Chamber of Commerce and Industry (VCCI) gathered representatives of 43 companies. VCCI collaborated with its Russian counterpart and Moscow business associations to organise the "Business Forum in Moscow" on July 30. This forum brought together nearly 400 businesses in Moscow and neighbourhoods. Earlier, in Hanoi, VCCI collaborated with Moscow Entrepreneurs Association to organise "Vietnam - Russia Business Forum" for businesses of the two countries to learn about investment and trade environments and policies, seek cooperation opportunities, and boost bilateral development investment cooperation. At the Moscow forum, many important, … [Read more...]

Large entertainment complex constructed in Long An

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An entertainment complex called Happy Land, similar to the famous amusement destinations in the world such as Disneyland and Universal Studio, has been constructed by Phu An Infrastructure Development and Construction JSC, a subsidiary of Khang Thong Group in a quite convenient position in Ben Luc District, Long An Province, only 20 minutes by car away from HCM City. Covering an area up to 338ha, the Happy Land will include theme park, large-scale commercial center, 3-5 star hotels, water parks, studio parks, discotheques, indoor and outdoor theaters, restaurants, shopping centers, floating market, the miniature world with many famous buildings in the world, Vietnamese cultural center, art museum, etc. Designed by Steelman Partners (USA), Happy Land has a total investment up to US$2 billion, of which US$600 million will be reserved for the theme park - a particularly highlight of the complex. In addition, King of Pop Michael Jackson's father, Mr. Joseph Jackson is interested in … [Read more...]

Entertainment property key to tourism development

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Like other property segments, entertainment property projects play an important role in the market as it, besides bringing profits for developers and offering services to communities, will support significantly to the development of the tourism industry. Thanks to having developed large-scale theme parks, some countries have become more popular in tourists' hearts and minds, attracting thousands of visitors every year. However, developing entertainment projects with support facilities attractive enough to lure local and international visitors is a problem that requires adequate investment and market research for most property developers. Speaking at a property conference and exhibition Vietnam International Real Estate Connection (VIREC), hosted by G4B Branding Real Estate Marketing Company in HCMC last week, Nguyen Van Tuan, head of the Vietnam National Administration of Tourism, said Vietnam was a popular destination for international visitors. This was proved by the increasing … [Read more...]

Investors home in on Long An

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Real estate is becoming attractive in southern Long An province thanks to its solid infrastructure, particularly for transport. Long An - illustration photo Travelling between Long An and Ho Chi Minh City, the country's economic hub, has become significantly easier and quicker with the development of many transport projects - some of them already complete - which has accelerated socio-economic development in the province. They include the Ho Chi Minh City-Trung Luong Expressway which opened in February 2010, Nguyen Van Linh and Vo Van Kiet Roads, Belt Road No 3, and the Tan Son Nhat - Long An Expressway which is under construction. According to real estate analysts, since late 2010, Long An has become a hotspot for property investors, with prices of land near Ho Chi Minh City rising by between VND500,000 and VND4 million per square metre so far this year. Doan Chi Thanh, general director of the Hoang Anh Sai Gon Real Estate Company, said much buying and selling has been … [Read more...]

Vietnamese returning from Libya not left in the cold

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>> Last Vietnamese workers to return from Libya The Khang Thong Group is offering to recruit all 10,000 Vietnamese workers returning from Libya to work for its "Happy Land" project. Minister of Labour, Invalids and Social Affairs (MoLISA), Nguyen Thi Kim Ngan, said the company has pledged to provide guaranteed loans for the returning workers. … [Read more...]

Last workers from Libya already home

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By 8 am this morning (Wednesday) the last group of 209 workers from Libya returned home safely. Flight VN 8686, carrying workers and Vice Foreign Minister Doan Xuan Hung from Tunisia, landed at NoiBaiInternationalAirport. The flight will be the tenth and last of the largest ever "air bridge" launched by the national flag carrier, Vietnam Airlines, to transport Vietnamese workers in Libya home. Those Vietnamese workers, accompanied by the governmental inter-branch working team in Tunisia , were welcomed and handed flowers at the airport by Minister of Labour, War Invalids and Social Affairs Nguyen Thi Kim Ngan. Minister of Labour, War Invalids and Social Affairs Nguyen Thi Kim Ngan welcoming workes at Noi Bai airport Speaking at the ceremony, Ms Ngan informed that so far as many as 10,000 Vietnamese guest workers had escaped from political chaos in Libya. According to Ms Ngan, the Japanese Hamanasu ship carrying more than 1,000 Vietnamese workers aboard, which left the port of … [Read more...]

Vietnam commits to facilitation of foreign investors

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Vietnam committed to further creating favorable conditions for foreign investors in Vietnam, including those from the US, said President Nguyen Minh Triet. The President made the remark while working with the Vietnam Chamber of Commerce and Industry (VCCI) Ho Chi Minh City chapter and meeting with a number of US investors in the city on Feb. 24. The President praised VCCI's operations, which helped protect the just and legal interests of the business community and employers in Vietnam . He affirmed that, despite the global economic crisis, Vietnam registered good growth with security and political stability that attracted many foreign investors to the country, with those from the US always leading the way. He hailed investors for their large projects in Vietnam , particularly the $2 billion project to build the Happy Land Park in the southern province of Long An. He expressed his hope that the project would be successful and completed in 2014 to be the country's largest and … [Read more...]

VN commits to facilitation of foreign investors

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Vietnam committed to further creating favorable conditions for foreign investors in Vietnam, including those from the US, said President Nguyen Minh Triet. The President made the remark while working with the Vietnam Chamber of Commerce and Industry (VCCI) Ho Chi Minh City chapter and meeting with a number of US investors in the city on Feb. 24. The President praised VCCI's operations, which helped protect the just and legal interests of the business community and employers in Vietnam . He affirmed that, despite the global economic crisis, Vietnam registered good growth with security and political stability that attracted many foreign investors to the country, with those from the US always leading the way. He hailed investors for their large projects in Vietnam , particularly the USD2 billion project to build the Happy Land Park in the southern province of Long An. He expressed his hope that the project would be successful and completed in 2014 to be the country's largest … [Read more...]

Happy Land project in Long An gets underway

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The Phu An Investment, Construction and Infrastructure Development Company, part of the Khang Thong Group held a groundbreaking ceremony on February 14 for the Happy Land Entertainment Complex in Thanh Duc commune, Ben Luc district in the southern province of Long An. Addressing the ceremony, Deputy Prime Minister Nguyen Thien Nhan said that the project will contribute to the country's socio-economic development and preserve cultural identities, which will help to promote Vietnam around the world. Sitting on a site of 338 hectares, the 2 billion USD tourism, trade and services complex is expected to open its doors in April, 2014. Once completed, the project will generate 10,000 jobs in the local and neighboring areas and is estimated to welcome around 14 million visitors annually. According to the Lao Dong (Labour) newspaper, Joe Jackson, father of deceased musical legend Michael Jackson also attended the ceremony. . … [Read more...]

$2 billion entertainment complex breaks ground

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Khang Thong group Monday broke ground on the Happy Land entertainment complex, considered the biggest tourism project in Southeast Asia, in the presence of Joe Jackson, father of late pop king Michael Jackson, in Long An Province, south of Ho Chi Minh City. >> Michael Jackson’s dad in Vietnam on $2 bln deal Developed on a 338ha area in Ben Luc District, the US$2 billion project is to include a theme park that costs $600 million, a 3.7 km boardwalk, a shopping center, 3-5 star hotels, water parks, studios, indoor and outdoor theaters, restaurants, a floating market, and other facilities. The project site along the Vam Co Dong River was previously meant for a large-scale industrial park but Khang Thong has since switched to a tourist attraction construction plan following environmental concerns. Deputy Prime Minister Nguyen Thien Nhan said at the groundbreaking ceremony broadcast live on a national TV that Happy Land Vietnam, a version of the renowned … [Read more...]

Michael Jackson’s father invests in five-star hotel in Vietnam

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VietNamNet Bridge - Joe Jackson, 82, the father of the King of Pop Michael Jackson, arrived in Vietnam February 11 to attend the ground-breaking ceremony of a five-star hotel project in the southern province of Long An. On February 12, he met with Phan Thi Phuong Thao, chairwoman of the Khang Thong Group in Ben Luc district, Long An province as an independent investor of the group's five-star Happyland hotel. … [Read more...]

Work begins on US$2 billion entertainment complex

Happy Land is planned to be developed within 39 months and launched on April 24, 2014. The entertainment complex will feature international hotels, shopping centres, international exhibitions and art amusements. It aims to draw 14 million tourists a year. Construction of Happy Land Entertainment Complex is scheduled to start on February 14 in the southern province of Long An with a total investment capital of US$2 billion. … [Read more...]