Khanh Hoa electronic information portal reported that on the afternoon of June 9, Khanh Hoa province leaders had a working session with the Inter-Pacific Group (IPPG). At the meeting, IPPG representatives wished to invest on a large scale in key industries in the Bac Van Phong area (Khanh Hoa).
Typically in the tourism industry, IPPG wants to invest in a whole system including: casino, shopping mall, luxury hotels and resorts, entertainment areas, sports facilities. In addition, the group also invests in residential and industrial areas; infrastructure for energy and information technology; clean water supply; wastewater treatment; telecommunications...
In particular, there are some industries such as: international airports, roads; port areas serving maritime transport, passenger transport, berths for international cruise ships; logistics industry serving inter-provincial transport systems, multi-functional logistics centers...; green environment systems to plan green networks connecting parks.
"We have been researching this area for the past 2 years; with the potential of joint ventures with major investors in the world, IPPG is committed to attracting 40 billion USD in investment in Bac Van Phong. IPPG will not invest the entire 40 billion USD, but we will call on the world's billionaires to invest according to their strengths" - Mr. Johnathan Hanh Nguyen committed.
Speaking at the meeting, Mr. Nguyen Tan Tuan - Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Khanh Hoa province said that currently, the infrastructure of Bac Van Phong area is gradually being formed; national security and defense situation is ensured; the planning has been approved by the Prime Minister; the management mechanism has no problems...
"Therefore, Khanh Hoa province welcomes investors interested in investing in a number of areas such as: Building 5-star hotels in the area of 3 communes: Van Khanh, Van Phuoc, Van Long (Van Ninh) to meet the accommodation needs of experts coming to work in Khanh Hoa; developing tourism in Hon Gom peninsula, including Diep Son" - Mr. Tuan said. Concluding the meeting, Chairman Nguyen Tan Tuan said that the investor's proposal will be drafted and approved by the Provincial People's Committee Standing Committee to have a memorandum of understanding.
It is known that IPPG is a retail group in Vietnam, accounting for nearly 70% of the domestic distribution market for international branded goods. IPPG currently has 17 member companies and 18 joint ventures. In Khanh Hoa, IPPG is also one of the investors in building Cam Ranh International Terminal according to 4-star standards with a total investment of nearly 4,000 billion VND and was inaugurated in June 2018.
