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Saigontourist spends $2 bln on infrastructure
The Saigon Travel Service Company (Saigontourist)
has recently announced a plan to invest $2 billion in a number of infrastructure
projects in the 2011-2015 period.
The projects to benefit include the sea-encroached town of Sun bay located in
Can Gio district, 50 km from Ho Chi Minh City, with a total capital of $1.2
billion.
The second phase of the Saigon Exhibition Centre, costing an estimated $300
million and several others such as the Kim Do office and hotel complex, Majestic
Tower and the Saigon-Gemadept Tower, with a total cost of $50-$100 million.
Nguyen Huu Tho, Saigontourist’s director general said that that apart from these
new projects, the company would continue investing in several others such as the
Saigon-Phu Quoc tourism area, with an expected capital of $200 million and the
Thu Thiem complex, with $200 million.
Saigontourist will also attach a lot of importance to upgrading technological
and material facilities, personnel training and improving the quality of its
products, said Tho.
In term of overseas investment, the company has injected an initial $27 million
into the Cho Ray Hospital in Cambodia. It is also a shareholder in a 5,000 ha
rubber project in Laos and owns a 200-room hotel worth $50 million in the US.
Source: VIR/VNA |
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