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Vietnam – VinaCapital confirms US$4bn Hoina casino resort in Vietnam

By - 13 December 2016

VinaCapital, a real estate company in Vietnam, has confirmed it will open Hoiana, a US$4bn casino resort in Hoi An, on Vietnam’s central coast, by the first quarter of 2019.

Described as an ‘integrated tourism and leisure destination, Hoiana will be built along a 4km stretch of beachfront land just 5km from the UNESCO World Heritage-listed centre of Hoi An. The first phase of the giant US$4bn project is scheduled to open in the first quarter of 2019.

The first phase will include a 445-room hotel with an integrated casino, 200 residential apartments to be operated by Hong Kong’s New World Hotels, a luxury Rosewood resort incorporating 75 villas and 25 residences, and a golf course.

VinaCapital is teaming up with Gold Yield Enterprises of Hong Kong and Macau-based gaming giant Suncity to complete the project which will include several hotels and resorts, residential areas, casinos, a beachfront village and retail district, convention centre, hospitality training college, watersports, a golf course and a manmade lagoon.

Don Lam, Chairman of Hoiana said it would become one of ‘Asia’s most renowned resort destinations,’ setting ‘a new benchmark for high-end tourism in Vietnam.’

He said: “To the visitor, Vietnam’s central coast offers an immersive and multifaceted experience. Vibrant ancient cities, breathtaking mountain vistas, countless pristine beaches, relative affordability, easy access and welcoming people make it a highly attractive destination for tourists – and for enterprise, it’s the land of golden opportunity.”

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