Vingroup, a giant in Vietnam’s real estate sector, kick-started a five-star hotel and commercial centre project in the southern province of Tay Ninh on September 8.
Delegates break the ground to start construction for the project. (Credit: VNA)
The Vincom Tay Ninh centre is located on a total area of 22,000 m2, including a 21-storey building, two basements and a commercial house complex with total investment capital of over VND1 trillion (US$45 million).
Vinpearl Hotel City is to occupy floors six trough twenty-one of the complex, with a capacity of 130 rooms in accordance with international standards. The remaining five floors of the tower will be for the commercial centre, while the Shophouse area offers both housing and trading services.
Speaking at the ceremony, Chairman Pham Van Tan of the Tay Ninh Province People’s Committee said that the complex had an important significance, as it marked the province’s 180th celebration of its formation and development.
The project not only opens up more opportunities for job creation, business and commercial services, but also promotes local socio-economic development, he said, adding that Tay Ninh would pay special attention and create favourable conditions for Vingroup and other investors to operate in the locale.
He also urged the project’s investors, consultants and contractors to comply with their commitments in the approved project and to follow provisions of law ensuring the project’s progress and quality.
The project is expected to be completed and put into operation by September 2018.
The project is expected to be put into operation by September 2018. (Credit: VNA)
Source: NDO