Company seeks OK to build $4 billion tourist complex
The Malaysian affiliate of the Giant Group Ltd. based in the British Virgin Islands is seeking the Vietnamese govern-ment’s approval to build a $4 billion complex of hotels, golf resorts and residential areas near the border with Cambodia, a local government official said.

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HÀ N?I — The Malaysian affiliate of the Giant Group Ltd. based in the British Virgin Islands is seeking the Vietnamese govern-ment’s approval to build a $4 billion complex of hotels, golf resorts and residential areas near the border with Cambodia, a local government official said.

The complex will be located on nearly 500 acres in the Dinh Bà Border Economic Zone in  Đ?ng Tháp province, 93 miles west of Sài G̣n, said Hu?nh Van Sang, director of the province’s Planning and Investment Department.

If approved, work on the project will start in 2009 and be completed by 2013.

'"We will check out the financial capability of Giant Group before issuing an investment license,"' Sang said. '"We have asked them to send us their financial reports for the last three years and information on other projects they have invested in."'

Sang said the group had proposed building a casino and a helipad in the complex, but the province had turned down the proposal.

'"Casinos are not allowed in the province, but the investor may operate slot machines,"' Sang said.

Đ?ng Van Hoàng, director of the province’s Tourism Department, said: '"We hope that the complex would boost cross-border tourism activities between Vi?t Nam and Cambodia."'

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