LG Innotek secures $200 million IFC loan following revenue drop
LG Innotek Vietnam Hai Phong secured a $200 million IFC loan as revenue slows, aiming to expand camera module production while meeting sustainability targets.
The Ba Ria Vung Tau provincial People’s Committee has given the green light to the Ho Tram safari and resort project.
The project has been tabled for approval by property developer Novaland and tour operator Vidotour.
Given a total area of over 600 hectares, the overall project planning will craft an open zoo, an unique water and theme park, a resort villa complex, beachside hotels, and a multi-functional structure featuring entertainment, shopping and ecological facilities.
The oriented development of the project is said to base on sustainable eco-tourism factor, natural discovery and conservation of the wild environment. The project itself is one of the six tourist hubs that are prioritised by the province to call for investment.
Deputy director of the Ba Ria-Vung Tau Department of Construction Mai Trung Hung said the province is adjusting its master development plan that aims at calling for investment in many major tourism and resort projects. Finding new sound investors are thus critical to turn these projects into reality.
The province specifically targets four key tourism products, including MICE tourism, high-quality ecological tourism, heritage tourism and spiritual tourism, to be its development focus in the coming time.
The Ho Tram-Binh Chau tourism cluster, in particular, will specialise in resort – ecological tourism products, taking advantage of the forests and breaches located within the area. The safari park project is one of the highlight investments of the area.
LG Innotek Vietnam Hai Phong secured a $200 million IFC loan as revenue slows, aiming to expand camera module production while meeting sustainability targets.
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