QUẢNG NAM — Quảng Nam Provine People’s Committee has agreed to a proposal to shift the Nam Hội An Integrated Resort Project into an urban resort zone five years after the first phase of investment.
Chairman of the committee, Lê Trí Thanh, told Việt Nam News that the province will submit the proposal to Prime Minister Pham Minh Chính for approval.
Thanh said the project investor – Vinacapital and partners – will also allow for transferring some parts or the entire project in line with the law.
He said the project, which was given an investment licence in 2011, was a multi-function resort including a residential development plan, casino, resort, hotel and golf course on total 985ha in Duy Hải, Duy Nghĩa and Bình Dương communes of Duy Xuyên and Thăng Bình districts.
“The urban resort proposal will be planned in line with the provincial master plan on urban zone development in Duy Hải and Duy Nghĩa, and in accordance with legal regulations on housing and property,” Thanh said.
“The transfer of some parts or the whole project will surely not change the project from the initial licence in terms of laws on investment, housing and real estate,” he said.
He added in the meeting with the project investor in April, the province agreed to soon approve the detailed plan for the second phase of the project.
Thanh said Vinacapital also asked the province to allowed delayed payment of land-use tax of the first phase while accelerating the approval process for developing housing items of the project and land-clearance activities in the meeting.
The Nam Hội An Integrated Resort Project, with an investment of US$4 billion by Vinacapital and partners, launched the first phase investment in 2020, but it had some difficulties due to the outbreak of COVID-19.
The project will become Việt Nam’s second-largest casino resort after the Grand Hồ Tràm Strip resort and casino in the southern Bà Rịa-Vũng Tàu Province.
An 18-hole golf course and a 1,000-room resort were built in the first stage of investment.
It’s expected the Nam Hội An project would create 2,000 jobs for local people and annual revenue of VNĐ100 billion ($4.4 million) in the first phase of investment.
The integrated resort project was designed as the first world luxury class entertainment and living centre in ideal connection with two world heritage sites of Hội An, Mỹ Sơn Sanctuary and the world biosphere reserve Hội An-Chàm Island. — VNS
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