Attracting capital into Van Don, Ninh Thuan

Potential destinations

Just five years ago, Van Don was like a forgotten gem on the sidelines of Ha Long Bay. Although traces of a bustling trading port from nearly a thousand years ago still lingered, Van Don was simply a fishing village, difficult to get to. But Van Don has awakened as tourism investors saw the potential of the destination with its picturesque islands and gently sloping beaches, soft white sand.

Now Van Don is gradually taking on a different look. Van Don International Airport with strategic investor Sun Group is creating a boost for this sedimentary land. Along with that, a complex of resort, entertainment, recreation projects... is being vigorously implemented by Sun Group, promising to create a breakthrough infrastructure for this place.

Van Don International Airport is creating a boost for this potential land.

Not only Sun Group, Crystal Bay Group - a tourism investment and development enterprise behind which is businessman Nguyen Duc Chi and shareholders, has approved the planning of the Van Don Heritage Road Project - Van Don Heritage Road, including 2 components. Component 1 includes 7 mountain subdivisions and 1 artificial island subdivision with an area of ​​over 2,800 hectares. Component 2 includes islands with an area of ​​492 hectares. The project will carry out its "mission", which is to connect nature, the sea, mountains and forests with the depth of history and indigenous culture to create an impressive entertainment and resort complex in the area, making Van Don a bustling destination again with a completely new look.

“Waking up” later than Van Don, Ninh Thuan is becoming a destination attracting tourism investment capital. In particular, the Crystal Bay Group, which demonstrates its vision and is currently a pioneer in Ninh Thuan, is currently proposing to invest in 4 large projects in Ninh Thuan with a scale of up to 10,000 4-5 star hotel rooms, namely the Mui Dinh Ecopark complex with an area of ​​766 hectares and a scale of tens of thousands of rooms, the SunBay Park Hotel & Resort with a scale of 3,300 5-star hotel rooms and a water park next to Binh Son Park, the Ninh Chu Sailing Bay complex with a scale of 3,740 rooms and a commercial area, a theme park at Ninh Chu estuary, and the Bai Coc Inner and Bai Coc Outer tourist areas with about 270 rooms.

Along with Crystal Bay, many other investors are looking to Ninh Thuan as a new address for their capital flows such as: Vinpearl, FLC, T&T, TDH Ecoland... The most prominent and potential is Phu Quoc. In just the past 5 years, Phu Quoc has become a new address for both tourists and capital flows. Many large investors such as Vingroup, Sun Group, CEO Group... have given Phu Quoc a different look. Phu Quoc has nearly 500 accommodation facilities with about 15,000 rooms, including 6,000 5-star hotel rooms.

With entertainment areas such as Vinpearl, Safari of Vingroup, cable car system and Hon Thom entertainment area of ​​Sun Group… Phu Quoc is welcoming a rapid increase in tourists, up to 70.9% in the first half of this year compared to the same period last year.

Phu Quoc has become a new destination for both tourists and capital.

Strong capital attraction

After only a few years of being awakened, by the end of 2017, the total investment capital in Van Don was about 56,700 billion VND with many large projects. Surely this number will not stop after the tourism and traffic infrastructure in this once bustling commercial port area is improved, the flow of tourists and investment capital will continue to come.

In Ninh Thuan, according to Mr. Luu Xuan Vinh - Chairman of Ninh Thuan Provincial People's Committee, up to now, the province has 48 investment projects in the tourism sector with an area of ​​about 1,800 hectares, with a total investment capital of nearly 15,300 billion VND. Although this investment capital is still quite "modest", it will certainly jump in the near future when tens of thousands of hotel rooms of pioneer investor Crystal Bay soon come into operation, bringing Russian guests - the strength of this enterprise to Ninh Thuan.

Sunbay Park Hotel Resort - one of the major investment projects in Ninh Thuan

According to the Phu Quoc Economic Zone Management Board, there are currently 278 valid investment projects here, with an estimated total investment capital of more than VND361,000 billion. The projects focus on improving tourism infrastructure and transport infrastructure for this potential island district.

Vietnam’s tourism industry is facing a great opportunity as our country is continuously listed among the countries with the fastest tourism growth rate in the world. Along with the destinations that have created the brand of Vietnam tourism such as Nha Trang, Da Nang, Ha Long Bay… many new destinations have become magnets to attract visitors and investment capital.

With the participation of many large investors, lands rich in tourism resources such as Van Don, Ninh Thuan, and Phu Quoc will certainly soon become new tourist centers of Vietnam, creating momentum for national tourism growth.