South-central coastal province in Vietnam approves eco-tourism project
The project is expected to help the province utilise its strengths and potential for tourism development
In Vietnam, the People’s Committee of the south-central coastal province of Bình Định has favoured and approved the proposal of a project in developing the Diêm Vân urban and eco-tourism area in Tuy Phước District, reported Viet Nam News.
The project is estimated to cost approximately VND5 trillion (USD217.5 million), with the investment of a joint venture between the Bình Định Tourism JSC, the Silk Path Hotel Co Ltd, and the Xuân Cầu Co Ltd.
The development consists of a modern urban and eco-tourism complex with all-inclusive architecture.
Technical and social infrastructure will be constructed on an area of 130 hectares in Phước Thuận commune, along with local urban and housing development programmes advocated by local authorities.
More: Maldivian government companies permitted to lease land for tourism
The project is anticipated to aid Bình Định to make use of its potential and strengths for tourism improvement and development.
Its completion is scheduled for the fourth quarter of 2025.
Recommended
Foreign demand recalibrates in Southeast Asia housing markets
Even amid global headwinds, Southeast Asia’s property markets hold appeal for foreign buyers
Tariffs and turmoil test Singapore homes as suburbs hold firm
Foreign levies, regional wars, and buyer fatigue are putting pressure on the city-state’s housing market
Gulf luxury markets lure global capital amid policy shift
Gulf nations are shaking off a reputation for overt bling to lead a post-pandemic luxury boom
China housing slump deepens as oversupply drags prices
Concerns remain over surplus inventory built by troubled property developers as prices continue to fall across all but a handful of major cities
