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ITC SPECTRUM, LLC Company on December 3 held the kick-off ceremony of Vinh Hoi resort in Vinh Hoi hamlet, Cat Hai commune, Phu Cat District. Permanent Vice Chairman of Binh Dinh Province People's Committee, Nguyen Van Thien, and functional bodies and agencies attended the ceremony.
Vinh Hoi resort, a 100 percent foreign-invested project, will be built on an area of nearly 300 hectares with the investment capital of US$250 million.
ITC SPECTRUM, LLC Company set up a one-member Vietnam-America hotel-tourism Co., Ltd as a legal entity for the project conduction.
Vinh Hoi resort will include a meeting center, hotel, 18 hole golf course, sporting complex, and eco-tourism preservation site. Vinh Hoi is expected to be an environment-friendly resort.
As planned, Vinh Hoi resort will be initially in use from 2009 and fully operational by 2014.
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