Nearly 26,000 billion construction investment in Bai Dai – Cam Ranh

“Great construction site” Bai Dai – Cam Ranh has made positive changes when investors poured nearly 26,000 billion VND to build tourism projects, hotels, resorts.

Many projects have construction capital of over trillion

According to the Management Board of Cam Ranh Northern Tourist Area (Bai Dai KDL), by the end of March 2021, this area has 40 projects granted investment certificates with a total registered capital of nearly VND 30,000 billion. Up to now, there has been nearly VND 26,000 billion invested in the construction of tourism projects, resorts and hotels.

Nearly 26,000 billion construction investment in Bai Dai – Cam RanhMore than 26,000 billion VND poured into the construction of resorts and hotels in Bai Dai – Cam Ranh. (Photo: Khai An).

Bai Dai Beach Resort Management Board also said that there are 6 projects that have completed the whole project and put into operation, including Vipearl Long Beach villas, Duyen Ha luxury resort, Fusion Maia Nha Trang Resort, eco-tourism and luxury resorts Eurowindow, Alma , Golden Bay urban area.


In addition, there are 5 projects including Riviera Residences & Resort, Selectum Noa Resort Cam Ranh, Nha Trang Golden Peak Resort and Hotel, Dinh Vang – Cam Ranh KDL, South China Sea Resort KDL has completed the first phase and is implementing the second phase.

According to Bai Dai Tourism Management Board, in early 2021, due to the impact of the COVID -19 epidemic, the due projects put into operation were severely affected to the occupancy of rooms and reduced revenue.

Nearly 26,000 billion construction investment in Bai Dai – Cam RanhThe resort works are changing the face of Bai Dai – Cam Ranh tourist site. (Photo: Khai An).

“There are still a number of investors implementing slow progress compared to the provisions in the Investment Certificate.

Besides, the implementation of site clearance work is slow due to people not cooperating and complaining about compensation and assistance policies.

Many projects are stuck in procedures related to residential land that do not form housing units and construction density “, Bai Dai Tourism Management Board said.


However, traveling from Cam Ranh International Airport, along nguyen Tat Thanh main axis – the road connecting Cam Ranh Bay and Nha Trang Bay, it can be seen that a series of resorts are still urgently built with the investment of trillions of dong.

Specifically, Prime Resort – Prime Resorts and Hotels eco-tourism area of ​​more than 13 hectares has completed the construction of 175 two-storey villas, restaurants, functional areas, Spa areas, swimming pools and is completing the 22-storey hotel block with the implementation value is about 2,000 billion VND.

Nearly 26,000 billion construction investment in Bai Dai – Cam RanhMany projects are urgently completed to put into operation. (Photo: Khai An).

Next to the aforementioned project, the 26-hectare The Arena project has also completed building A2 (21 floors), A1 building (19 floors) and is completing A3 and A4 buildings with 9 floors and 126 villas.

The landscape and roads in this project have also been completed to prepare for the operation of a part of the project.

According to the Bai Management Board, the total construction value of the part under construction is about 1,400 billion VND.

In addition to the above projects, the project of Saigon – Cam Ranh resort with an area of ​​nearly 20 hectares has invested and built about 1,200 billion VND; Hyat regency Cam Ranh bay resort and spa project of more than 31 hectares has invested in construction of more than 1,250 billion VND; 14-hectare seascape – Cam Ranh resort project has also invested more than 1,340 billion dong.

The “resort capital” will soon be active

Talking to the writer, Mr. Phan Viet Hoang, General Secretary of Khanh Hoa Real Estate Brokerage Association (KARED) said that Bai Dai – Cam Ranh area has dual benefits thanks to the clean, sea-clinging land fund with an area of ​​nearly 800 hectares. (East Bai Dai bank) and owning two airports (domestic and international), this is a rare thing and shows potential and vision in marine economic development planning for the region.

Nearly 26,000 billion construction investment in Bai Dai – Cam RanhBai Dai – Cam Ranh is expected to become the resort capital in the coming period. (Photo: Khai An).


Bai Dai is also oriented to the long-term development policy of Khanh Hoa province since the 2000s with the goal of forming a complex of urban and entertainment complexes; class resort tourism, will bring a new face to Khanh Hoa province.

“Up to now, the infrastructure system has almost standardized the connection of Nha Trang City about 20 km now has attracted investment of more than 40 projects with big names in the resort industry such as Vingroup, EuroWindows, Novaland,… on the eastern axis of the area.

Particularly, the western subdivision is the land bank next to Bai Dai beach clinging to Nguyen Tat Thanh Avenue, which is a segment of land plot based on the division of plots with the strength of Hung Thinh’s coastal townhouse product line showing its own success on the map. Real estate resort in the next few years “, KARED Secretary General said.

Nearly 26,000 billion construction investment in Bai Dai – Cam RanhProjects put into operation at Bai Dai always have a room capacity of over 75% during the COVID – 19 outbreak period. (Photo: Khai An).

According to Mr. Phan Viet Hoang, Khanh Hoa is now completing the planning of the whole province, including the planning of Bai Dai subdivision.

In addition, the Provincial People’s Committee has agreed to abolish documents related to the suspension of procedures for 35 projects in the conclusion that TTCP will help clear the suspended projects in the past period.

At the same time, when the plan is approved, the West Bai Dai bank will form many large-scale projects.

In addition, legal documents on the type of condotel, tourist villa are also being gradually completed, creating a premise for resort real estate in Bai Dai – Cam Ranh area to flourish in the coming time.

Source: vietnambiz.vn – Translated by fintel.vn

News Related

OTHER NEWS

SsangYong Motor's first EV to be launched in Europe on October

SsangYong vows to realign its structure to develop competitive eco-friendly models to achieve viability and catch up with industry trends. SsangYong Motor Co. will launch its first electric vehicle (EV) dubbed Korando Emotion… Read more »

S. Korea eyes carbon neutrality by commercializing carbon capture and utilization products by 2030

Carbon capture and utilization technology is still in the early stages of development and South Korea plans to go carbon neutral by commercializing 14 carbon capture and utilization products by 2030 and to… Read more »

Kakao edges Naver for third spot among S. Korea's most valuable firms

Kakao’s shares increase 1.4 percent to reach a record high of 144,500 won on Tuesday, extending its winning streak to the seventh day. Kakao Corp. posted a market capitalization of 64.1 trillion won… Read more »

Spanish firms to invest US$200 mln in Korean green energy biz

SEOUL, June 16 (Yonhap) — Two Spanish companies will invest a combined US$200 million in the renewable energy business in South Korea, Seoul’s trade ministry said Wednesday. Madrid-based Ocean Winds decided to make… Read more »

Moon proposes close partnerships with Spain in low-carbon, digital sectors

MADRID, June 16 (Joint Press Corps-Yonhap) — South Korean President Moon Jae-in proposed closer partnerships between his country and Spain on low-carbon and digital economies, while attending a joint business forum here Wednesday… Read more »

China's factory output, retail sales, investment all miss expectations in May

Most China watchers had expected some moderation in May output. BEIJING (REUTERS) – Growth in China’s factory output slowed for a third straight month in May, possibly due to disruptions caused by COVID-19… Read more »

McCormack sarcastically suggests sending mice to the inner cities in attack on PETA

Michael McCormack has sarcastically suggested mice be sent to the inner cities to “scratch their children at night” as he took aim at PETA for criticising the poisoning of rodents during the ongoing… Read more »

(LEAD) Shinsegae-led consortium picked as preferred bidder for eBay Korea: sources

(ATTN: ADDS more details in paras 5-7)By Chung Joo-won SEOUL, June 16 (Yonhap) — A South Korean conglomerate Shinsegae-led consortium has been picked as the preferred bidder for eBay Korea, the South Korean… Read more »

2GB radio veteran Ray Hadley sells stunning Dural estate with two houses

Ray Hadley has sold his spectacular Dural estate.Source:Supplied 2GB radio presenter Ray Hadley has finally found a buyer for his Dural estate after four months on the market. The 2.19ha property sold Wednesday… Read more »

Fed expected to signal start of monetary policy shift debate

Any actual change in monetary policy is likely months down the road as the Fed balances a variety of risks. WASHINGTON (REUTERS) – US Federal Reserve officials on Wednesday (June 16) are expected… Read more »

Appeal court affirms $3 billion ruling for HP against Oracle

Oracle breached a provision in the agreement requiring it to continue to offer its software on HP’s Itanium server platform. The California Court of Appeal affirmed a 2016 verdict finding Oracle liable for… Read more »

Burwood Verona estate sets new suburb benchmark following $6.6 million sale

A landmark residence at 2a Appian Way has broken the Burwood record.Source:Supplied A Burwood estate with six bedrooms and 3269sqm of land has broken the long-time suburb record by $100,000 in a post… Read more »

Landmark development site Auburn Redyard sells for $90m

This Auburn property has sold for $90 million.Source:Supplied A mammoth development site in western Sydney with a movie theatre, Telstra building and a vacant land parcel has been snapped up in a $90… Read more »

Banks' loan delinquency rate rebounds in April

SEOUL, June 16 (Yonhap) — The delinquency rate for South Korean banks’ won-denominated loans rebounded in April from a record low the previous month as lenders cleared smaller amounts of bad debts, the… Read more »

Residents' FX deposits fall in May

SEOUL, June 16 (Yonhap) — Foreign currency deposits at banks in South Korea declined in May from a record high in the previous month as some companies withdrew their FX holdings, central bank… Read more »

Concord time warp untouched for over 40 years set to be knocked down

This time warp house at 8-10 John St, Concord, is on the market.Source:Supplied The year was 1976 — Malcolm Fraser was prime minister, East Germany was a country and Montreal hosted the Olympics,… Read more »

Palm Beach home of Angela Fleming with unique water feature table sells

No. 20 Norma Rd in Palm Beach has sold.Source:Supplied Angela Fleming, the widow of the late supermarket pioneer Jim Fleming, has sold at Palm Beach. The ­father-son real estate team, David and BJ… Read more »

Founder and CEO of the Club of United Business Daniel Hakim sells $7m Potts Point terrace

Daniel Hakim. The Australian / Renee Nowytarger Sydney.Source:News Corp Australia Daniel Hakim, the founder and CEO of the Club of United Business, has secured $7 million for his 152sqm Victoria St, Potts Point… Read more »

Parramatta Eels player Bryce Cartwright sells two properties after marriage split

Bryce Cartwright has sold two homes. (Photo by Ashley Feder/Getty Images)Source:Getty Images Parramatta Eels second-rower Bryce Cartwright and his ex-wife Shanelle have secured the sale of two properties following their separation. The couple,… Read more »

Farm labourer who dropped out of school uses cunning strategy to buy 26 properties worth $9.5m

Investor Sam Gordon quit his job at 28 and used the rental income from his properties to travel the world.Source:Supplied High school dropout turned real estate investor Sam Gordon owns so many properties… Read more »

A car spot in Sydney’s Potts Point has sold for a staggering price

Car spots are selling at ridiculous prices in Sydney. Picture: realestate.com.auSource:Supplied In what is the least surprising news when it comes to Sydney’s real estate market, someone has paid an enormous amount of… Read more »

Sydney ‘bridesmaid’ suburbs offering cheaper alternatives to sought after areas

Homeowners such as Basheer Hanna have been able to save hundreds of thousands of dollars by buying one suburb over. Mr Hanna and his wife saved $300,000 by buying in Wentworth Point compared… Read more »

Sydney auctions: 14 bidders battle for terrace with no bathroom or parking

Auctioneer Jake Moore at a Rozelle home sold for $300,000 over reserve. Picture: Tim HunterSource:News Limited It had no parking or indoor bathroom but a rundown single-level terrace in Rozelle needing expensive repairs… Read more »

Byron Bay family can’t afford to buy a house with $140,000 savings

Locals have been priced out of buying in Bryon Bay, with one family’s $140,000 in savings unable to secure them a house as the median prices sit at $1.83 million. Picture: News Regional… Read more »

Foreign property buyers circle popular Australian regions

Australia’s closed borders have not stopped overseas buyers from looking to get a slice of the booming property market on our shores. Realestate.com.au data showed international search activity for properties on its portal… Read more »

Homeowners team up to sell amalgamated sites to developers

No. 29-37 Pennant Hills Rd in Normanhurst is for sale.Source:Supplied It makes sense to always seek out the neighbour when vendors come to a decision to list their property. That’s because there are… Read more »

Perth real estate: Coastal vibes give Cottesloe home a new lease on life

HAVING written about this house a couple of years ago, I can tell you it was previously extended and renovated, but the latest makeover takes it to another level, removing the top floor… Read more »

Sydney property market: how to find the perfect dump to build your dream home

The temptation of buying the worst house on the best street and doing a reno has become irresistible to buyers looking to combat rising house prices. There has been an uplift in the… Read more »

1,500 billion VND to expand National Highway 50, connecting Ho Chi Minh City with Long An and the western provinces

The project of building and expanding National Highway 50 has a length of nearly 7 km with a total investment of nearly 1,500 billion VND. The project will be implemented in 4 years,… Read more »

Thanh Hoa is about to have a resort and golf course of more than 760 hectares invested by Sun Group

Eco-resort complex combining high-class entertainment and entertainment services in Ben En invested by Sun Group on a scale of more than 760 hectares. Thanh Hoa Provincial People’s Committee has just issued a decision… Read more »

Proposal to update the land use plan of Con Dao airport

Estimated land area of ​​Con Dao airport is 141 ha, People’s Committee of Ba Ria – Vung Tau province proposed the Ministry of Transport based on the planning Con Dao airport is being… Read more »

Five-level North Wollongong home the perfect coastal home

No. 12A Bourke St in North Wollongong is for sale.Source:Supplied A whole lot of home can be packed into five floors. With a luxury glass elevator connecting each level, this contemporary build is… Read more »

Perth real estate: Rental market shows signs of easing

There are signs the rental market is easing, with listings increasing and the median rent unchanged in May. According to data from the Real Estate Institute of WA, rental listings rose 3.8 per… Read more »

Buyers secure more than $60m worth of apartments at Riviere Residences in Applecross ahead of public launch

APARTMENT buyers have secured more than $60 million worth of apartments at a prestigious riverside project in Applecross ahead of the public launch this weekend. On the corner of Moreau Mews and Canning… Read more »

Melville townhouse trio taking cue from Japan up for WA Architecture Award

YOU’D be right in thinking this trio of townhouses looks far from the typical multi-unit developments across Perth. Everything from their planning to aesthetics was inspired by Japanese design and values, with the… Read more »

Key number that proves property boom isn’t slowing down

Houses across Australia are selling on average in just 32 days and buyers must act quickly. Picture: NCA NewsWire / Damian ShawSource:News Corp Australia Aussies are buying properties at record speeds with homes… Read more »

Eastwood Bowling Club sells at auction for $10m as 30 bidders register

The auction of the Eastwood property.Source:Supplied Interest was booming in a rare development site in Sydney’s northwest, as the Eastwood Bowling Club went under the hammer. The property attracted 30 registered bidders, with… Read more »

Box Hill luxury home with home theatre and lots of marble tipped to break records

No. 74 Sundowner Parkway in Box Hill is for sale.Source:Supplied An enormous house in western Sydney with over $250,000 worth of stone and joinery, as well as three ensuite bedrooms and a theatre… Read more »

Baulkham Hills house with unique black design shatters suburb record

This amazing house at 18 Daniel Ave in Baulkham Hills has broken the previous suburb record by $548,000.Source:Supplied A unique home completely decked out in black and with a large ‘18’ on the… Read more »

Continue to auction thousands of apartments in Thu Thiem

The People’s Committee of Ho Chi Minh City has just assigned the City Department of Natural Resources and Environment to complete the auction documents for 3,790 resettlement apartments in Thu Thiem new urban… Read more »

How will 5,000 km expressway be built?

Vietnam will need a huge amount of capital to complete the goal of 5,000 km of highways by 2030. Photo: Ngoc Thang The report of the Ministry of Transport said that up to… Read more »

VNDirect: Housing prices increased on a large scale, highlighting the Northwest area of Ho Chi Minh City

Real estate industry report of VNDirect said that in the first 4 months of the year, housing prices increased in both Ho Chi Minh City and Hanoi. In Hanoi, the secondary selling price… Read more »

Hau Giang approves ecotourism project of Lung Ngoc Hoang Nature Reserve 2,800 ha

Ecotourism project Lung Ngoc Hoang Nature Reserve has an area of ​​about 2,800 hectares, including three functional areas. The People’s Committee of Hau Giang province has just decided to approve the ecotourism project… Read more »

Quang Ngai: Clarifying the expansion of the new urban planning of Nam Song Ve by more than 400 hectares

Nam Song Ve new urban area, Mo Duc district, Quang Ngai province is planned with an area of ​​​​618 hectares in 2016. The People’s Committee of Mo Duc district is being asked to… Read more »

Microsoft Australia’s managing director Steven Worrall smashes Wombarra suburb record

This incredible Wombarra home has sold for a record price.Source:Supplied Microsoft Australia’s managing director Steven Worrall has spent $6.31 million on a coastal ­weekender. Worrall, who has been in the top job since… Read more »

Former Qantas chief Geoff Dixon buys $6.005m Darling Point unit

Geoff Dixon and wife Dawn in 2010.Source:Supplied Former Qantas chief Geoff Dixon and his wife Dawn have swapped bay views with their latest Darling Point apartment acquisition. The downsizers paid $6,005,000 to buy… Read more »

Cricketer Ellyse Perry and rugby union player Matt To’omua sell Chatswood home

Ellyse Perry has sold in Chatswood with Matt To’omua. Picture: SuppliedSource:Supplied Cricketer Ellyse Perry, who is the world’s equal top ranked women’s all-rounder, and the rugby star Matt To’omua, have quietly offloaded their… Read more »

Phoebe Burgess purchases sprawling $1.7 million Southern Highlands estate

Phoebe Burgess has purchased in the Southern Highlands. Picture: Justin Lloyd.Source:News Corp Australia Phoebe Burgess has purchased a sprawling estate in the Southern Highlands following the bitter end to her marriage with former… Read more »

Sydney auctions: accountant bids $1.26m over reserve for resort-like inner west house

29 Keith St, Earlwood sold at auction for about $1.26m over reserve.Source:Supplied A luxury house in Earlwood that took close to five years for the builder owners to finish has sold under the… Read more »

Buying power: what new Sydney median house and unit prices actually buys

Jacqui Thompson is selling an apartment in Vaucluse priced near the Sydney median unit price. Picture: Julian AndrewsSource:News Limited Sydney’s property boom has widened an already glaring gap between city prices and those… Read more »