Construction of the Hoa Phuong Island Complex with an investment capital of VND2,000 billion started in Do Son district, Hai Phong City, on August 6.
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| The man-made island will take shape in five years |
The complex will include a five-star hotel with 300 rooms, a commercial centre, 200 luxury villas and other services, such as a wharf, cruiser, a beach, tennis courts and a swimming pool.
Hoa Phuong Island, covering nearly 50ha, is the first man-made island in Vietnam. The project is expected to be completed in 2014.
At the inauguration ceremony, the investor – Daso Vietnam Group – signed a capital contract with the Bank for Investment and Development of Vietnam (BIDV); a management consultancy and supervision contract with the Australian AIC Company; a contract to supply water and treat waste with the US Hydroscience Company; and a technical consultancy and hotel management contract with the French Accor Group.
