3 mega tourism urban projects to be developed in Vietnam’s Gia Lai

The issuance was made during the Gia Lai investment promotion conference, where the province granted investment certificates and cooperation agreements to a series of projects worth nearly VND120 trillion (US$4.6 billion).

According to the provincial administration, Sun Group conducted preliminary surveys and proposed participation in three substantial mixed-use urban tourism projects.

They are the service, tourism and urban complex, located west of Thi Nai Lagoon in Tuy Phuoc and Tuy Phuoc Dong Communes, the Xuan Van - Ghenh Rang urban and tourism complex in Quy Nhon Tay, Quy Nhon Nam and Quy Nhon Bac Wards, and the Cat Tien - De Gi urban and tourism complex, situated in Cat Tien and De Gi Communes.

Investment capital for the three projects has not yet been disclosed.

In addition, the provincial administration approved 27 investment projects across such fields as energy, tourism, agriculture and real estate, with a combined registered capital exceeding VND26 trillion ($985 million).

Notable projects include the Van Canh wind power plant, Phu My Port, 72B Tay Son mixed-use residential project, Nhon Phu 1 social housing, Long Van international hospital and Binh Nghi industrial park.

Gia Lai also issued memoranda of understanding to 42 additional projects with an expected capital investment of nearly VND93.5 trillion ($3.5 billion).

Some of these projects include a renewable energy project by Trung Nam Group, Nhon Hoa 1 and 2 wind power projects, and various renewable energy initiatives.

Several major firms were also committed to investing in the province such as Vietnam Rubber Group, which plans to pour VND6.2 trillion ($235 million) into renewable energy and industrial infrastructure projects, Lizen JSC, Truong Hai Group, which eyes the investment in agriculture and industry, Thanh Thanh Cong - Bien Hoa JSC, and Nutifood, which aims to inject VND6 trillion ($227 million) into a dairy processing farm and plant project.