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Two local companies will invest 900 million USD to build a deluxe tourist resort in the Dat Do district of the southern coastal Ba Ria-Vung Tau province. The Thanh Long Tourism Ltd. Co. and the Viet Thang-Jean Ltd. Co. are waiting for a license for the largest domestic tourism project so far in Vietnam.

{mosimage}The southern region will have one more airport capable of serving mid and long-range airplanes for domestic and international routes when the upgrade of Can Tho airport is completed in 2008.

{mosimage}Construction of a five star hotel started in Vung Tau beach resort on June 1, making it the first of its kind in the southern province of Ba Ria-Vung Tau. The AGRIBANK Hotel Vung Tau, invested by the Vietnam Agricultural Bank (AGRIBANK), has been designed to have 15 storeys with 219 rooms of all classes.

{mosimage}The Hanoi People's Committee has issued a decision to give incentives to domestic and foreign investors who build deluxe hotels in the capital city. The city will pour its budget to infrastructure construction at the boundaries of projects and give incentives in tax and fixed asset depreciation in accordance with the Investment Law issued late last year.

{mosimage}Vietnams transport ministry has approved an overall plan to upgrade and widen the Rach Gia Airport in the southernmost province of Kien Giang, Sai Gon Giai Phong reported Monday.

{mosimage}Kien Giang province is located in the south-westernmost region of Viet Nam, far from big economic centres but with favourable conditions for tourism development. In recent years, tourism infrastructure of the province has been improved with the hope that Kien Giang will become a big tourism centre of the country.

The People's Committee of the Mekong Delta province of Hau Giang has ratified a list of 31 projects prioritised for domestic and foreign investment capital.

{mosimage}The Vietnamese transport ministry has approved a masterplan to upgrade the Ca Mau airport terminal by 2015. The upgrade, to cost VND530 billion (US$33 million), will also include flight zones, technical services, and traffic planning.

{mosimage}Developing eco-tourism is being viewed as an alternative means of livelihood to support coastal and marine resource conservation, promote cultural values and improve living standards of poor fishermen in the buffer area of Xuan Thuy National Park in Giao Thuy district, Nam Dinh province.

{mosimage}The construction of a three-star spa resort has started in Cua Lap area of Duong To commune, the island district of Phu Quoc, the southern province of Kien Giang.

{mosimage}Kien Giang provincial authorities on May 9 introduced preferential policies for investors to join a national plan to transform Phu Quoc Island to an international centre for tourism in the next five years.

{mosimage}The northern province of Vinh Phuc, adjacent to Hanoi, has rich potential for tourism development. It has a favourable geographic position and communication system, including roads, railways, waterway and air routes.

{mosimage}Vietnamese beach resort town Nha Trang will have a cable car system by November linking the mainland with an island resort. The Hon Tre Service and Tourism Ltd. is building the Vinpearl telpher system linking the town with Hon Ngoc Viet (Viet Pearl) resort on Tre island at a cost of around VND100 billion (US$6.2 million).

{mosimage}Ba Ria-Vung Tau has said it needs investment capital to develop its sea economy, with oil, seaports, tourism and fisheries identified as the southern provinces growth engines.