The Vitala Group has signed a memorandum of understanding with Thanh Nien Joint Stock Corporation to finance eight separate projects in Vietnam. The first will be the US$110 million Cam Ranh Eco Resort.
The outline masterplan and all feasibility studies for this 185-hectare site (457 acres) have been completed. Leisure and sports facilities promised include an amphitheatre, family entertainment centre (pictured above), aquarium, aviary and butterfly house (pictured below), go-kart track, sports academy, golf course and driving range.
Also featured will be a 326-room convention hotel, an indoor/outdoor swimming paradise, thermal hot springs, a casino, retail units, 276 apartments and condominiums, 114 luxury villas and a small marina.
Opening is forecast for December 2013.