Licensed in October 2013, the resort was invested by World Shine Hong Kong Co., Ltd. (World Shine Hong Kong) through its Vietnamese subsidiary The Dieu Company with a total investment capital of $250 million.
The project is located on
Former Minister of National Defense Nguyen Van Rinh told Tuoitre.vn that the Hai Van Mountain Pass holds significant value as a defensive posture for Danang and Thua Thien-Hue.
“My point of view is that the government should reconsider the project and evaluate gains and losses,” Ring stated.
Recently, the Thua Thien-Hue People’s Committee licensed World Shine Hong Kong to develop the project in a new site. Accordingly, the project will be moved to Loc Vinh commune, 15 kilometres from the initial site.
Nguyen Que, deputy director of the management board of Thua Thien-Hue Industrial Zones Authority, said that the authority carefully considered the project’s new site, aiming to ensure national defence.
The 100-hectare Minh Vien-Lang Co project will have a new design, with a total investment capital of $350 million.
The construction will be divided into two phases. The first phase will combine 300 high-end villas and a five-star hotel, with a total of 1,000 rooms and an international conference centre. The second phase will develop shopping centres, a shopping street, and other infrastructure.
The project is expected to come into operation in 2022.
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