March 25, 2024 | 10:48 GMT+7

Vietnam Unveils Multi-million Dollar Resort Project in Ba Ria - Vung Tau

Dinh Phan -

Amidst the picturesque landscapes of Nghinh Phong cape, Vietnam's Ba Ria - Vung Tau province greenlights a groundbreaking resort venture valued at nearly $423 million, heralding a new era in high-end tourism and leisure.

The stunning Nghinh Phong cape
The stunning Nghinh Phong cape

In a bid to elevate its tourism allure, the southern coastal province of Ba Ria - Vung Tau in Vietnam is set to welcome a transformative project that promises to redefine luxury hospitality against the stunning backdrop of Nghinh Phong cape.

The province's People's Committee has given the green light to a visionary venture with a staggering estimated worth of almost $423 million USD, aimed at sculpting an unparalleled nexus of leisure, entertainment, and top-tier hospitality services.

Nestled in the heart of Nghinh Phong cape area, the forthcoming high-quality tourism, entertainment, and resort service complex will span over 13.8 hectares of prime real estate, boasting a strategic location with one side bordering Ha Long road and the remaining three sides caressed by the cerulean embrace of the East Sea.

This ambitious project, slated to be executed through an auction mechanism to select investors, seeks to harness the natural allure of the region's landscape while pioneering innovative entertainment and relaxation paradigms.

With an expansive land area exceeding 138,389 square meters, the envisioned complex is poised to feature opulent 5-star hotels and upscale shopping havens, setting new benchmarks for extravagance and comfort in Vung Tau City.

The projected investment capital, hovering close to $423 million USD, underscores the magnitude of this endeavor, marking a substantial infusion of resources aimed at reshaping the tourism landscape of Ba Ria - Vung Tau.

The operational horizon of the project, spanning 50 years from the date of land use rights auction adjudication, signifies a long-term commitment to sustainable tourism development and economic vitality.

In preparation for the imminent auction, the provincial authorities have entrusted the Department of Natural Resources and Environment with meticulous scrutiny, ensuring adherence to regulatory frameworks while safeguarding the region's security and defense imperatives.

Contingency measures have been outlined to address scenarios of limited investor participation or unsuccessful auction outcomes, reflecting a proactive stance towards project realization and investment facilitation.

The project's architectural blueprint aligns seamlessly with the local zoning framework, affirming compliance with the 1/2000 Big Mountain - Small Mountain zoning plan in the Nghinh Phong cape area.

Further detailing and refinement, encapsulated in a 1/500 scale planning endeavor, await the selection of the winning investor post-auction, heralding a new chapter in Vietnam's quest for tourism excellence.

As the curtains rise on this landmark venture, all eyes are set on Ba Ria - Vung Tau, as it emerges as a beacon of premium tourism experiences in Vietnam's rich tapestry of cultural and natural splendor.

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