South Korean investors propose $2 billion entertainment complex

On July 18, during a meeting between Quang Ninh People's Committee and the Korean Greyhound Association (KGA), the association proposed to invest in and construct a billion-dollar international sports and entertainment complex in the northern province.

In the meeting, KGA chairman Park Gi-Beom expressed that it is exploring investment opportunities in the area.

Cao Tuong Huy, Chairman of Quang Ninh People's Committee, welcomes the Korean Greyhound Association's representatives and investors from South Korea. Photo: Do Phuong

The KGA proposed to invest in and construct the Halong International Sports and Entertainment complex, spanning 300-350 hectares in the northern part of Halong. The complex would include an amusement park, entertainment facilities, tourist attractions, commercial services, competition venues, training equipment and infrastructure, associated with dog racing activities.

The project would also feature tourism and sports facilities such as hotels, a water park, ice skating rink, and ice hockey rink. The KGA's investment in this project is estimated at $1-2 billion.

According to Park, this project would be the largest sports and entertainment complex in Asia. "KGA hopes that Quang Ninh province will facilitate the procedures for research and development of investment ideas, creating new and attractive tourism products and services," he said.

Cao Tuong Huy, Chairman of Quang Ninh People's Committee added, "Although it is a service and tourism province, Quang Ninh still lacks attractive, high-quality entertainment and tourism products. Therefore, investing in a sports and entertainment complex is a feasible idea – aligning with the orientation and goals of transforming the development model, increasing the proportion of the service-tourism economic sector, and moving up to a higher segment in the province's economic value chain."

To date, Quang Ninh has been a centre attracting investment shifts from many international corporations. The province has nearly 200 foreign-invested enterprises from 20 countries and territories, totalling nearly $15 billion.

The KGA is an organisation with extensive experience in investing, developing, and providing distinctive sports tourism services and activities in South Korea and several other countries worldwide.

Quang Ninh builds as international tourism hotspot In realising the goal of becoming a top tourism hub connecting with the surrounding area and beyond, Quang Ninh is promoting investment in modern infrastructure, focusing on developing quality and diverse products and tourism models.

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Ha Long - Cam Pha among Vietnam’s most beautiful coastal roads The six-lane Ha Long - Cam Pha coastal road in Quang Ninh province runs for a total length of 18.7km and is considered the most beautiful such route in Vietnam, with impressive and picturesque landscapes.

Quang Ninh aims to attract 3 billion USD worth of FDI this year Northern Quang Ninh province has attracted more than 1.52 billion USD worth of foreign direct investment (FDI) in the first half of this year and is poised to reach its goal of 3 billion USD in FDI for the full year.