Licensed in October 2013, the resort was invested by World Shine Hong Kong Co., Ltd. (World Shine Hong Kong) through its Vietnamese subsidiary The Dieu Company with a total investment capital of $250 million.
The project is located on Cua Khem Cape, a border area between Danang and Thua Thien-Hue provinces. Cua Khem Cape is where Hai Van Mountain meets the East Vietnam Sea, a sensitive site in national defence. Thus, green-lighting the project received vehement opposition from residents as well as experts, leading to delays in construction.
Former Minister of National Defense Nguyen Van Rinh told Tuoitre.vn that the Hai Van Mountain Pass holds significant value as a defensive posture for Danang and Thua Thien-Hue.
“My point of view is that the government should reconsider the project and evaluate gains and losses,” Ring stated.
Recently, the Thua Thien-Hue People’s Committee licensed World Shine Hong Kong to develop the project in a new site. Accordingly, the project will be moved to Loc Vinh commune, 15 kilometres from the initial site.
Nguyen Que, deputy director of the management board of Thua Thien-Hue Industrial Zones Authority, said that the authority carefully considered the project’s new site, aiming to ensure national defence.
The 100-hectare Minh Vien-Lang Co project will have a new design, with a total investment capital of $350 million.
The construction will be divided into two phases. The first phase will combine 300 high-end villas and a five-star hotel, with a total of 1,000 rooms and an international conference centre. The second phase will develop shopping centres, a shopping street, and other infrastructure.
The project is expected to come into operation in 2022.
