Phu Long Company and 54, a prominent player in the sports and entertainment industry, have entered a strategic partnership to drive the rapid expansion of Vietnam's burgeoning golf market.
L’Alyana Senses World is poised to elevate tourism in Phu Quoc island to a new height.
The agreement is part of Phu Long’s ambitious plan to develop a mammoth resort paradise on Phu Quoc island with a focus on wellness tourism.
This is the first deal the established Vietnamese developer has inked with a foreign partner although it has developed a number of quality residential projects.
Phu Long Real Estate JSC, which is part of billionaire Phuong Thao’s Sovico Group, received VND2.3 trillion (US$ 101.4 million) of additional capital before acquiring a 50 per cent stake in Splendora urban project and replacing Korean investor Posco E & C.
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On August 19, 2017, Phu Long Real Estate Co., Ltd (Phu Long Real Estate) and Saigon Vina Land Joint-Stock Company (Land Saigon) jointly conducted the groundbreaking of Dragon Riverside City at 628-630, Vo Van Kiet street, District 5, Ho Chi Minh city (HCMC).
