RoK to invest US$4 billion in Phong Nha-Ke Bang

 

The People’s Committee of Quang Binh Province has just signed a memorandum of understanding (MoU) with ZETA Group Holding, a real estate investment organization from the Republic of Korea, to build an international leisure center at the Phong Nha-Ke Bang National Park. 

Accordingly, the project, worth US$4 billion, will include a casino area, hotels and urban facilities on the mountains, providing outdoor entertainment activities and cave exploring tours in Phong Nha-Ke Bang. 

The Phong Nha-Ke Bang National Park was listed in UNESCO World Heritage Sites in 2003, thanks to its system of 300 caves and grottos with a total length of 126 km discovered up to April 2009.

Before the discovery of the Son Doong, recognized as the world's largest cave, Phong Nha held several world cave records, as it has the longest underground river, as well as the largest caverns and passageways.

Source: chinhphu.vn

 

Vietnam: A great place to live

The online magazine ‘Business Insider’ recently published an article written by leading investment strategist, Tim Staermose, who talked about impressions of Vietnam after his eight-day visit to the Southeast Asian country.
Peaceful, with reasonable prices and extremely safe, were his main observations. Forty years on from the war with the US, Staermose felt that the country has experienced a great deal of positive changes.

“In the ancient town of Hoi An and the capital city of Hanoi, the local lifestyles are in general very laid-back and relaxed. There are numerous excellent cafes and restaurants that offer both local fair and overseas cuisine, and there are everywhere”, said Staermose.

“Although the weather here can be very hot and humid, Hanoi has many lakes and it is actually very pleasant to explore the city on foot”.

“That applies if you are young and single, or if you have a young family, like my friends who are based here. For the right kind of person, because of the cost of living here, the quality of life you can enjoy for the money you pay is really very difficult to beat”.

Source: VNA/VOVOnline