Grand Ho Tram announces $1bn expansion in Vietnam
Ho Tram Project Company has held a groundbreaking ceremony for a new 35-ha subdivision of The Grand Ho Tram, the resort casino in the southern province of Ba Ria-Vung Tau in Vietnam.
The $1bn investment from Lodgis Hospitality Holdings and VinaLiving will see the development of new 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms.
Chairman of the provincial People’s Committee Nguyen Van Tho said the local authority was committed to supporting the project and ensuring the project runs smoothly.
Walt Power, Chief Executive of The Grand Ho Tram, said: “We firmly believe Ho Tram will not only be Vietnam’s leading integrated resort destination but will also be able to compete with top regional destinations such as Singapore, Manila, and Macau, particularly as we work closely with authorities at all levels to explore new growth drivers.”
