Cat Ba Resort

Cat Ba gets one more resort

A US$600 million resort project, named Cat ba Resort Community, is underway on Cat Ba Island, a famous tourism centre in northern Vietnam

The construction of Cat ba Resort Community Project, with estimated investment capital of $600 million, is divided into two phases. Phase 1 is being implemented with investment capital of $300 million to construct an attractive resort among newly-developed resorts throughout the country.

The project has an area of approximately 172ha in which one-fourth of total area is mountain and water. The project includes villas of different areas, four-star and five-star hotels; features include a selection of dining, resting venues; on-land, underwater entertainment zones; international conference centre, boating, tourism port, commercial and trading area. The project includes various components to serve visitors of all classes.

This is a large-scale project on tourism and urban development and located in a potential tourism-rich area. The owner company is confident that the project will be not only a good investment opportunity for investors but also make a contribution to the general socio-economic development of the project province and the tourism industry of Vietnam Thus, Vinaconex- ITC is actively implementing the project as well as working with local and international investors to select a qualified investor to implement the project in which the investor can operate in different types, i.e. association, joint venture or 100% foreign owned.

Preparation tasks for project investment have been completed, as well as site clearance. The client is actively commencing Phase I of the project including Villas No. 4, Sports Area, Tung Thu 2 Beach with preliminary area of approximately 10ha. This will be the first synchronous tourism area of the project.

The client closely cooperated with specialists of Group70/Pacmar, American Consultancy Company on planning of tourism and entertainment areas and prepared a master plan for this project. Group70/Pacmar commented that Cai Gia-Cat Ba Resort Community Project when finished will be the most modern resort in Vietnam currently.

The project will give added value for the tourism industry of the Cat Ba Islands, one of three main tourism centres of the north of Vietnam besides Ha long bay and Sapa

It is estimated that 30% of total investment capital for the project will come from Vinaconex-ITC and the rest from bank loans and investment partners. The government highly praises Cai Gia-Cat Ba Resort Community Project and has given the project many advantages such as exempting land use tax; exempting land rent tax for 15 years; exempting land use tax for 15 years; and other advantages in enterprise income tax. The project was also given favourable conditions by the local government.

Cat Ba is one of the most famous tourism areas of Vietnam and attracted more than 500,000 domestic and foreign visitors last year, of which approximately 20% were foreign visitors. Cat Ba Island under Cat Ba district, Hai phong city 150 km from Hanoi is the biggest island of the 366 limestone islands of the Cat Ba Archipelago. The Cat Ba Archipelago, with an area of approximately 200km2, is world renowned for its wonderful limestone mountains, tropical forest, euphorbia, sea grass, beaches and mysterious caves and diversified ecosystem.

From Hai Phong city, tourists can go to Cat Ba Island by land, by waterway or by Air It takes visitors 45 minutes by waterway and visitors can enjoy the wonderful and gigantic national landscape that God gave this city.

In recent years, the state has invested approximately VND100 billion to expand the electricity supply system for all communes of the island district and construct infrastructure, roads, bridges and ferries. There are 90 hotels and guesthouses including 1 three-star hotel, 8 two-star hotels and 8 one-star Hotels in cat ba district. Some tourism projects are being implemented in Cat Ba district on a small scale and by domestic investors. Currently, there is no foreign-invested project in Cat Ba district.

But in April 2008, after SGRF surveyed Cat Ba Resort Community Project several times, the State General Reserve Fund of OMAN (SGRF) decided to sign an MOU with Vinaconex-ITC. Under the MOU, SGRF will invest about USD 20m in Vinaconex-ITC and become a strategic shareholder.

Tran Ngoc Quang, General Director of Vinaconex–ITC, said: “With our ability and ambition, we will make great efforts to implement this project. We tried our best to bring investors fully completed project infrastructure system, especially the services and entertainment areas. It will make Vietnam’s tourism develop.”

(Source:VNN)

Tag: Ha Long , Ha Long Bay , Hanoi , Hotel , International , Investment , Resort , Sapa , Tour , Tourism , Tourist , Vietnam

Cat Ba gets one more resort

Lastest News


Air taxi service launched for Ha Noi and Ha Long Bay The Northern Air Service Company has started an air taxi service between Ha noi and the northern city of Ha Long, which is home to UNESCO World Heritage site Ha long bay
VAA officially brought into being The Vietnam Archeology Association (VAA) was officially founded on August 8 in a ceremony at the Vietnam History Museum.
Saigontourist to supply workers for Italian cruise ships The Italian firm Costa Crociere has chosen Saigontourist Travel Service Company to supply workers for its cruise ships.
Vietnam electronic music performed in a German festival A delegation of Vietnamese young artists, headed by artist Tri Minh, will join the Electronic Music Festival held in Koln, Germany on August 14th, and in Berlin, on August 20th.
Country looks to cash in on tourism - image of Vietnam Ads on CNN and international fairs are just part of the country’s tourist attraction efforts.
A Group of Specialist of Asian tour Project: Survey on the stable tourism development in Thai Nguyen Asian tour project is an European- Asian join program in the stable tourism management co- sponsored by the European Committee. A group of Specialist of Asian tour project, went to Thai Nguyen ( from 17 July to 22 July ) to survey on the stable tourism development.
Miss Israel impressed by Vietnamese people's hospitality Miss Israel Shunit Faragi, who has recently attended Miss Universe 2008 contest in Vietnam had a cultural exchange with the Central Committee of the Ho chi minh Communist Youth Union in Hanoi on July 18.
Entry of foreign tourist vehicles to be made easier The authorities will allow all foreign tourist vehicles, including right-hand-drive ones, to enter the country via all border gates soon in an effort to attract more travelers, especially from neighboring countries.
Hai Phong to Take Part in France’s Brest Sea Festival The northern city of Hai phong sent a delegation of 90 officials, as well as fishermen and artists, to the Brest Sea Festival which is being held in France from July 11 to 17.
Far and away - Halong bay Determined to find her own private paradise we takes a cycling and kayaking tour to the far reaches of Halong bay.
Miss World 2010 to be held in Vietnam? The ten-day survey and charity visit to Vietnam by Miss World 2007 Zhang Zi Lin and Miss World Organisation Chairwoman Julia Morley is said to be the first bricks to build the foundation for Miss World 2010 pageant in Vietnam.
Fashion industry short on skilled designers: seminar - Viet Nam fashion A lack of talented designers as well as an unprofessional distribution network has hindered Viet Nam's fashion industry, according to a seminar held in Hcm city last weekend.
Dragon-shaped island to be created on Ha Long Bay An island in the shape of a dragon is to rise from the world heritage Ha long bay
New sea route awaits approval - Viet Nam Shipbuilding A VND19.6 trillion (US$1.23 billion) project to build a North-South express sea route using specialised vessels has been submitted to the Government for approval.
2.5 million foreigners arrive in Vietnam in first half of this year - tourist traveling by sea An estimated of 450,000 foreign visitors came to Vietnam in June, an increase of 34 percent on year, raising the total figure for the first six months this year to 2.5 million, said the Governmental website portal.
Japan’s Hidden Beauty Revealed Around 85 pictures from hundreds taken by Japanese photographer Yahagi Kijuro during a 20,000-kilometer trip around his country are on display at a photo themed “Japan’s nature, a hidden beauty” at the Youth Cultural House in Ho chi minh city
Con Moong cave registers for UNESCO recognition The Con Moong Cave in central Thanh Hoa province hopes to follow in the footsteps of Ha long bay and the ancient town of Hoi an which were recognized as UNESCO World Heritage sites.
By motorbike to the birthplace of Vietnamese Zen - Yen Tu Mountain When life in Ha noi becomes stifling, as it often does at this time of year, the weekend getaway is the best cure. And one famous mountain northeast of the capital allows you not only to get away from the city, but also to transcend city life itself.
Making a profile of Con Moong for UNESCO recognition On June 17th, Thanh Hoa provincial People’s Committee held a seminar to make a profile of Con Moong cave to propose UNESCO recognize it as a world cultural heritage.
An ode to Ha Long Bay - visit to Ha Long Bay It was my fourth visit to Ha long bay but the first time my mother and I could together float on the sea, from sunset to sunrise on a large wooden junk.
Restored Hue Citadel now a virtual reality Ancient Hue Citadel has been reconstructed and restored to its heydays of the Nguyen Dynasty, but in virtual reality.
The Perfect Spy author to meet with readers The author of the book The Perfect Spy, the true story of Vietnamese spy Pham Xuan An, will meet with fans today in Hanoi
Obsession with origin In 40 years living far from home, female painter To Bich Hai was always obsessed by the questions: “Who am I? Where do I come from?”
French ballet dancers to dance in Hanoi - Hanoi Opera House A French ballet troupe will perform a contemporary ballet at the Hanoi Opera House on June 11 entitled “Pleasure stays”.
Vietnamese -US musical gala held in Ho Chi Minh City More than 350 domestic and foreign spectators attended the event.A Vietnamese-US musical gala has just been held at the Ho chi minh city Conservatory in the presence of cultural ambassador and renowned jazz and blues musician and singer Coco York.
Vietnam Children’s paintings auctioned to raise funds for disadvantaged Children’s paintings are on the auction block in an exhibition this week at the ongoing Hue Festival 2008 in Viet Nam’s former imperial capital.
Beijing opera comes to Hanoi Lotus Troupe from Guangxi, China will give one Beijing opera performance at the Hanoi Opera House on June 12 in the evening.
Italian cultural fest in HCM City Italian culture, arts and cuisines will be introduced in Hcm city from June 12 to July 9 under the Italian Cultural Festival.
Vietnamese artists attend Beijing exhibition Vietnamese artists won praise for their work at the 8th international women’s artist’s exhibition, in Beijing, recently.
Hue city to become festival city The Hue city’s People’s Committee held a ceremony on June 3 to announce the Prime Minister’s decision to approve a project to turn Hue city into a festival city.