Binh Dinh: Adjusting tourism project worth over VND2,200 billion in Nhon Ly - Cat Tien

The Binh Dinh Provincial Economic Zone Management Board has just approved the adjustment of the investment policy of Project No. 2 (2-2), located in Nhon Ly - Cat Tien coastal tourism area, Cat Chanh commune, Phu Cat district, Binh Dinh. The total new investment capital of the project is expected to be over VND2,215.57 billion, on an area of ​​40.21 hectares.

This project promises to create more momentum for local tourism development, especially when many important items will be built such as hotels, resort villas, squares and commercial services.

 The project includes land allocation areas such as: tourism service land (over 14.44 ha), green land (15.33 ha), traffic land and technical infrastructure (5.6 ha) and beach, water surface (4.84 ha). The project's goal is to invest in building a standard tourist area, including many works serving the accommodation, entertainment and recreation needs of tourists.

The project promises to create more momentum for local tourism development, especially when many important items will be built such as hotels, resort villas, squares and commercial services

The project's operation period is 50 years from the date of the land lease decision. The implementation process does not exceed 60 months from the date of the land lease decision, in which the investment preparation progress does not exceed 12 months.  Investors will be selected through land use rights auction.

Previously, in October 2023, the Binh Dinh Economic Zone Management Board approved the project investment policy in the form of land auction. With an area of ​​over 40 hectares and a total investment of VND 4,563 billion, the project will attract large investors, contributing positively to the economic and tourism development of the province.

Approval of the auction plan for the golden land

In addition, the People's Committee of Binh Dinh province has also approved the auction plan for land use rights at the K200 land plot - the "golden land plot" located on An Duong Vuong Street, Quy Nhon City. This project has a total investment of up to VND 2,500 billion, including a 5-star hotel, offices for lease and a commercial center.

The K200 land plot is planned with an area of ​​10,775.6m2, has a prime location and has been cleared.  The project will include a 40-45 storey building, with a maximum of 3 basements for parking and business purposes. The project implementation period will not exceed 30 months from the date of issuance of the construction permit, and the investor must complete the procedures within 12 months from the date of the auction decision.