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Leaders of Thua Thien Hue province visit Laguna project

September 7, 2011, The Provincial People's Committee, Mr. Ho Xuan Man, Member of the Central Committee Commission , Secretary of the Thua Thien-Hue Provincial Party Committee and Mr. Nguyen Ngoc Thien- Chairman of the Provincial People's Committee chaired the reception and worked with Banyan Tree Group (Singapore) and investors led by Mr. Ho Kwon Ping, Chairman of Banyan Tree Group.

At the reception, the two sides discussed some related issues to boost the progress of carrying out the project of Laguna ecological tourism area of Banyan Tree in Chan May- Lang Co economic zone. Mr. Ho Xuan Man informed that the results of perfoming related works of Thua Thien Hue province aiding investors to carry out the project had been basically finished such as ground clearance, resettlement, infrastructure of transportation, energy and clean water supply, etc. at the project area and he undertook that Thua Thien Hue province would finish all the works under the provincial responsibilities and the proposals of Banyan Tree Group in May, 2009 to organize the opening of the project.

Laguna ecological tourism area is expected to be built in area of about 300 ha, which is divided into 4 phases of investment with total capital of $US 875 million at Chan May- Lang Co economic zone, Cu Du hamlet, Loc Vinh commune, Phu Loc. At the first phase, two five- star hotels and guest houses (Banyan Tree Resort: 120 rooms; Angsana Resort: 320 rooms; Laguna Holiday Club: 180 rooms); at the second phase, two five- star hotels will be built in which each will have 400 rooms, an international 18- hole golf court, centres for exhibition and conference, shopping centres with a system of surrounding housings; at the third phase, three hotels will be built, in which one will have 320 rooms, one with 400 rooms, especially 40 villas and one will have 210 rooms with the superior six- star standard; at the fourth phase, the project will invest in 470 villas for sale and it is expected that the fourth phase will be finished in early 2004 and the project will be completed. After completing the four phases, this area will have 07 superior hotels with 2,000 rooms, 1,000 houses with centres for conference, golf courts and shopping centres, etc...

The first construction phase of Angsana Lang Co apartment project and an 18-hole golf designed by Nick Faldo, a professional golfer, is set for completion in July next year.

Lang Co is endowed with favorable natural conditions such as white-sand beaches along the heritage road with many heritage sites recognized by UNESCO. Besides, it takes only one hour to get to Hue or Danang airports from Lang Co which has both mountain view and sea view, said Michael.

Customers can also get an annual profit of 6% in the first six years or receive net sales from apartment leasing. Any apartments bought will be listed as hotel rooms and managed by Angsana.

Languna Lang Co, Banyan Trees first project in Indochina region, is scheduled to be finished in late 2014.

By this time, the main contractor INVESTCO of Banyan Tree Resort project scheduled to be finished in late 2012, and the project will start business activities according to plan.

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