According to the provincial Investment Promotion Center, the Kim Cuchotel and tourism project will be carried out in theurban-trading-service area on An Duong Vuong Street in Nguyen Van CuWard in Quy Nhon City.
Covering an area of over 7,800 square meters, the project is expectedto be developed within two years after the investor gets an investmentcertificate. It costs around VND300 billion (US$13.7 million).
Binh Dinh Province has a limited number of four-star hotels. So theprovince will give priority to the five-star hotel and other large-scaleprojects in the tourism and service sector, according to the investmentpromotion center.
The province looks to 2.5 million visitors with tourism revenue of VND1trillion this year. Last year, nearly 2.1 million tourists came to theprovince, up 23% against 2013.
There are 133 hotels and guesthouses in Binh Dinh Province, includingfive four-star hotels and one three-star hotel with more than 3,000rooms.
* Quy Nhon will be developed into one of the keyseaport-service-tourism centers in coastal provinces in the centralregion in line with a master zoning plan approved by the Government forQuy Nhon City and the suburban areas.
The Prime Minister has issued Decision 495/QD-TTg approving the zoningplan until 2035 with a vision to 2050. Accordingly, the city will becomeone of the urban centers of the central coastal region by 2025 with afocus on industry-seaport-service-tourism. By 2035, the city will beturned into a national maritime economic center based on aservice-seaport-industry-tourism structure.
By 2050, Quy Nhon City is envisioned becoming an important urban partof Vietnam and Southeast Asia, and a major economy based on tourism,services and seaports in central Vietnam.
First five-star hotel to go up in Binh Dinh
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