Authorities give green light to Opal Ocean View Resort.
Prime Minister Nguyen Xuan Phuc and the Quang Nam Provincial People’s Committee have officially assigned the Dat Xanh Group (DXG) to implement the Opal Ocean View Resort project.
Located in Hoi An, the project covers an area of 185 ha and has total investment capital of VND4.6 billion ($209 million).
The project is strategically located adjacent to Cua Dai Beach, the Nam Hoi An Resort, and the Quang Nam Vinpearl Resort Complex.
It includes villas, a beach resort, and a hotel, with synchronized technical infrastructure.
The project is one of six key projects in Quang Nam province.
It will contribute to boosting the existing tourism potential, increasing revenue from tourism, services and urban real estate and being a driving force of local economic development.
DXG was one of the ten largest real estate development companies in Vietnam in 2016, according to Vietnam Report, and it has developed rapidly in recent times.
The company has set a target of becoming one of the ten largest real estate development companies in Southeast Asia in the near future.
Quang Nam authorities recently granted investment decisions and licenses to 33 projects with total registered capital of $15.8 billion at an investment conference.
Investment is going to many sectors, including industrial production, urban development, tourism, training, and hi-tech agriculture, with strategic cooperation agreements also signed for the development of the automotive industry and mining and gas processing.
It attracted 30 projects last year, bringing the total number of valid projects to 135 with capital totaling nearly $2 billion.
Thanks to the will of the local people to turn the province’s sandy soil into fertile land, Quang Nam is now one of the Top 20 localities in Vietnam, with rising GDP, and ranks 10th among all cities and provinces in terms of budget revenues.