INSIGHTS
Ho Tram Tourism Company of Vietnam announced the selection of Dragon Best International – a Hong Kong-based firm – as the contractor for three premier projects. This was announced by Ho Tram Company Director General Nguyen Quoc Long, saying the projects worth $100 billion will be implemented following the public pri
Hong Kong firm awarded $100B projects including residential, commercial buildings, hotels in Vietnam
Date: 2014/03/25
Source: Business Times
Ho Tram Tourism Company of Vietnam announced the selection of Dragon Best International – a Hong Kong-based firm – as the contractor for three premier projects.
This was announced by Ho Tram Company Director General Nguyen Quoc Long, saying the projects worth $100 billion will be implemented following the public private partnership (PPP) model.
The 1st project aims to construct a trade complex that includes hotels, residential areas, and an international convention hall on 58 ha in Ho Chi Minh City at an estimated cost of $32 billion.
The 2nd project is to develop an international eco-tourist resort on an area of 1,595 ha in Xuyen Moc district of southern Ba Ria-Vung Tau province, with a total investment of $18 billion.
In addition, Ho Tram and Dragon Best International have also contracted to construct a $50 billion project in the Bo Y border economic zone in the Vietnam-Lao-Cambodia development triangle.
The 3 projects had been given the green light to proceed by the Government.