Published:  18:06 Monday - October 31, 2011

The mammoth Van Village resort and entertainment complex project have been officially handed over by Danang City’s government to Vinpearl Corp., which will invest some US$5 billion to develop 1,065 hectares of land and 500 hectares of water surface.

Vinpearl sees Danang City as a strategic area. As an experienced tourism project developer, Vinpearl is capable of doing well this project.

The first phase of the project worth some US$1 billion will be kicked off early in 2012, including site clearance, a luxury hotel and resort complex, condos, villas, commercial center, theater, cable car, underwater entertainment area and gambling zone for foreigners. This phase is planned to be completed in 2015 and the entire project in 2020.

The Van Village resort and entertainment complex is located in Lien Chieu District, Danang City. It is a beautiful peninsula next to Hai Van Pass.

Van Village is commented as an ideal and potential location to develop international-standard tourism services for local and foreign tourists. Vinpearl is known for several tourism and property projects in the country, notably the Vinpearl Resort Nha Trang and Vinpearl Luxury Nha Trang in Khanh Hoa Province, the Vinpearl Luxury Danang in Danang and the shopping center Vincom in Ho Chi Minh City.

Developing this project, Vietnam travel companies in Danang will stronger germinate, contribute to promote the development of Vietnam tourism.