The People’s Committee of Ho Chi Minh City has given a green light to the investment project for land reclamation as part of the Can Gio Coastal Urban Tourism Area project.

The project spans across Long Hoa commune and Can Thanh town in Can Gio district.

The land reclamation component covers a total area of over 1,357ha and has been designated as a Group A project with a 50-year operational timeline.

The project has estimated investment capital of over VND64 trillion ($2.6 billion). Of the amount, some VND51.54 trillion will be allocated for construction work.

The initiative aims to transform the area into a premier coastal urban tourism destination, including luxury resorts, convention and conference centers, smart city zones, high-tech service hubs, residential housing, and hotels.

The project will be implemented through 2031.

According to the detailed zoning plan for the Can Gio Coastal Urban Area approved by the city recently, the area will span 2,870ha and is divided into four zones: A, B, C, and D-E. It is estimated to have total population of 228,506 and attract up to 9 million tourists annually.