Tourism is big business along Viet Nam’s central coast and the region is drawing property developers and tourism operators in droves.
|Palm Garden Resort's stall in the International Travel Expo HCMC 2006 (Photo: KK)|
The latest to put its money into the hostelry trade is Xuan Thieu Tourism Investment Joint Stock Co., which held a ground-breaking ceremony on August 9 for a 6.2-hectare resort in Da Nang.
The three-star resort project in the city’s Lien Chieu District is capitalized at VND80 billion and should be finished sometime in 2009.
There are now more than 40 tourism projects by Vietnamese and foreign investors in Da Nang. Their combined investment capital is US$410 million and VND5,745 billion.
In nearby Hoi An, the Palm Garden Resort at Cua Dai Beach has just been given a five-star rating by the Viet Nam National Administration of Tourism and been chosen to host the meetings of tourism ministers who will be here in the middle of October for the 2006 APEC conference.
It has 160 guest rooms and 20 bungalows plus the usual restaurants, conference halls and such.
Farther down the coast in Nha Trang, the Long Phu Company has added to the number of dive shops in the city and begun operating scuba diving excursions to Hon Lao (Lao Island) in an area full of coral and beautiful rocks.
A few years ago Nha Trang Bay became the 29th member of the Most Beautiful Bays in the World Club, and right now the VinPearl resort on Tre Island in that bay is hosting the national final of the Miss Viet Nam 2006 pageant.