Vung Tau Marina City will be constructed in a coastal area of 345 hectares from Bai Truoc to Bai Dau beaches. In that area, investors intend to erect a public bathing zone and international port to receive tourists.
The project consists of a tourism complex and amusement park. The tourism complex will comprise high-class trade center, fancy restaurant, luxury apartments and sea villas. The amusement park will include real scenery performance, dolphin- seal- lion sea performances, music- movie- fashion center, firework performance and water music show.
Mr. Nguyen Van Trinh, chairman of the provincial People’s Committee supported and appreciated the project. He proposed Tuan Chau group to receive opinions from agencies to improve the project, adjust project area and submit to authorized agencies.
According to the People’s Committee of Ba Ria Vung Tau province, the purpose of the project is to establish a port urban area, multifunctional and modern tourism in harmony with nature in order to meet demand from residents, domestic and foreign tourists.
The modern system of yacht port will connect with domestic and overseas ports. At present, Tuan Chau group has to fulfill procedures for investment approval from local authorities. If the project is proceeded as plan, it will be one of the biggest resort real estate projects in Vung Tau city.
Ba Ria Vung Tau has the large potential to develop marine economy, locating in the southern key economic zone with population accounting for 17 percent of Vietnam, growth rate 1.5 times the country. The zone contributes 40 percent of the country’s export turnover and 60 percent of national budget, attracts 60 percent of overseas projects and 50 percent of foreign investment in Vietnam.
According to economic experts, that is the only zone that has adequate facilities and advantages to develop high technology, computers and electronics industry, oil and gas industry, tourism service and banking and financial service.
It is home to several large infrastructure projects such as Ho Chi Minh- Trung Luong- Can Tho, Ho Chi Minh- Long Thanh- Dau Giay- Lien Khuong, Bien Hoa- Vung Tau expressways, Tan Son Nhat Airport, Long Thanh Airport project and Ho Chi Minh- Vung Tau rail way.
Furthermore, numerous modern urban areas with grand scale have been built such as Binh Duong complex industry, Northwest HCMC, Thu Thiem new urban areas with the scale of 4,000 hectares, 9,000 hectares and 700 hectares respectively. More new cities are being arranged and constructed such as Nhon Trach, Long Thanh, Binh Duong and Phu My.