Property

US$233 million proposal for investing in FLC Do Son complex approved

By An Chi July 20, 2017 | 08:50 AM GMT+7

On July 18th, 2017, the Government Office issued a document to confirm the approval of Deputy Minister for the luxury tourism complex, which is to be invested by FLC Group in Do Son district, Hai Phong city. The project is estimated to stretch a coverage of 500 hectares and cost VND5.3 trillion (US$233 million).

A perspective design of FLC Do Son Beach & Golf Resort. (Photo: FLC Group)

Accordingly, Hai Phong city People’s Committee is assigned to observe the adjustments in the general plan and the investment process with reference to relevant authorities.

Previously, on May 3rd, 2017, Hai Phong city People’s Committee proposed to include a 500-hectare marshland located in the west of Do Son district in the master plan for the construction of Hai Phong city up to 2025, vision to 2050 for a luxury tourism complex.

Besides, Hai Phong city People’s Committee also asked for PM’s approval for the proposal of adding FLC 18-hole golf course in Do Son to Vietnam’s master plan for the establishment of golf courses up to 2020.

According to the suggestion of FLC Group, this complex will comprise of four functional areas: the tourist township, the golf course, the resort compound and the auxiliary area. The complex will stretch an area of 500 hectares and cost VND5.3 trillion (US$233 million).

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