DEG sponsors $20 million to develop Novaland’s Azerai Can Tho resort

By Duy Kien - Sep 27, 2019 | 08:00 AM GMT+7

TheLEADERDEG also provides consulting service for Novaland in other issues.

Vietnam’s property developer Novaland Group has signed a partnership agreement with Deutsche Investitions - Und Entwicklungsgesellscheft Mbh (DEG), a reconstruction bank based in Germany specializing in funding and consulting the projects that promote business initiative of improving social living conditions.

Accordingly, DEG sponsors $20 million to develop Azerai Can Tho resort, one of initiative project of NovaWorld Mekong leisure and tourism complexes in the Mekong Delta region.

Located in the midst of poetic Hau River, five minutes away from Can Tho city centre by riverways, the resort covers an area of 20 hectares with 60 bungalows and 45 timeshare villas, including many facilities and amenities catering for the needs of luxury resorts.

DEG sponsors $20 million to develop Novaland’s Azerai Can Tho resort
The signing ceremony between DEG and Novanland.

At the same time, DEG also signed a memorandum of understanding on the provision of travel quality standard consulting services for the NovaWorld brand.

Experts from DEG will help Novaland in training professional human resources and orienting the sustainable hotel management standards.

They also give advice on environmental issues, how to effectively exploit available resources and make ecological development to make NovaWorld complexes, including NovaWorld Mekong, NovaWorld Phan Thiet or NovaWorld Ho Tram become the destinations for domestic and foreign tourists.

Bui Xuan Huy, general director of Novaland Group, stated: “We look forward to strengthening the co-operation with professional consultants to be able to develop NovaWorld Mekong in a sustainable way such as contributing to local tourism development, creating new jobs, helping to keep workers from leaving their fields and bringing high-level personnel to the Mekong Delta.”

On July 7, 2017, DEG and two members of Nova Group, Anova Corporation and Novaland Group, signed a memorandum of understanding within the framework of the Vietnam-Germany business forum, marking the long-term co-operation between two large corporations.

In the Mekong Delta, Novaland and the Military Commercial Joint Stock Bank have jointly contributed funds for the Boston Consulting Group (BCG), a leading consulting firm in the world, to develop a Tourism Development Strategy for the 13 provinces in the area to adapt to climate change, in accordance with Prime Minister’s Resolution 120/NQ-CP. Accordingly, by 2030, the Mekong Delta will be the No. 1 river destination in Asia, creating 300,000 new jobs.

Based on BCG’s strategy, Novaland is planning and implementing NovaWorld Mekong project in the center of Can Tho City. This is a synchronous-large scale project of international standards that will change the perception of tourism in the Mekong Delta, strongly activating tourism combined with agriculture and traditional activities and making Mekong a tourist destination of the world.