Earlier, Ho Chi Minh City-based Business and Investment Company, Intresco, asked the local authorities for permission to invest in the tourist resort in Phuoc Dinh Commune, Thuan Nam District.
According to the Company, the Project will cover an area of 10 hectares, located along the coastline, and cost some VND 150 billion.
The Project will include a 4-floor garden building, which will provide 100 rooms, and will reach the 4-Star grade of excellence.
Local authorities and the investor also signed an agreement under which the investor and entrepreneur must implement the Project in accordance with a committed pace. Local officials said that the deal would force the investor to boost its implementation.
Under these commitments, the Project must be finished in 24 months from the time the construction site has been handed over to the investor and entrepreneur.