Cat Ba Resort Community Project – Gold Opportunity for Investors

Located at an area famous for its natural pristine and attractive beauty with typical ecosystem in Vietnam, Cat Ba Resort Community Project with estimated investment capital of USD 600 million was divided into two Phase, Phase I was implemented with investment capital of USD 300 million to construct an attractive Resort among newly-developed resorts throughout the Country.

The Project has an area of approximately 172 ha in which ¼ of total area is mountain and water. The project includes villas of different area, four-star and five-star hotels features include a selection of dining, resting venues; on-land, underwater entertainment zones; international conference centre, boating, tourism port, commercial and trading area. The project includes various components to serve the visitors of all classes.     



This is a large-scale project on tourism and urban development and located at a tourism potential rich area. We are confident that the project shall be not only  a good investment opportunity for investors but also make contribution to the general socio-economic development of the Project Province and the Tourism Industry of Vietnam. Thus, Vinaconex is actively implementing the project as well as working with local and international investors to select a qualified investor to implement the project in which the investor can operate in different types, i.e. association, joint venture or 100% foreign owned”.
Preparation tasks for project investment were completed, site clearance was completed. The Client is actively commencing Phase I of the project including Villas No. 4, Sports Area, Tung Thu 2 Beach with preliminary area of approximately 10ha. This will be the first synchronous tourism area of the project.
The Client closely cooperated with specialists of Group70/Pacmar, American Consultancy Company on planning of tourism and entertainment areas and prepared Master Plan for this Project. Group70/Pacmar commented that Cai Gia-Cat Ba Resort Community Project when finished shall be the most modern resort in Vietnam currently.

Speaking on the potentials of the Project, Leaders of Cat Hai District People’s Committee expected that this project by Vinaconex shall promote the tourism industry of Cat Ba Islands as well as promote the economic development of Island District and contribute to make Cat Ba Tourism Area become national –level Tourism Centre. The Project shall give added value for Tourism Industry of Cat Ba Islands, one among three main tourism centers of the North of Vietnam besides Ha Long Bay and Sapa

It is estimated that 30% of total investment capital for the project shall be from Vinaconex and the rest is from bank loan and investment partners. The Government highly appreciated Cai Gia-Cat Ba Resort Community Project and gave project many advantages such as exempting land use tax; exempting land rent tax for 15 years, exempting land use tax for 15 years and other advantages on enterprise income tax. The project was also given favorable conditions by local government.

Cat Ba is one among most famous tourism area of Vietnam and attaching more than 500,000 domestic and foreign visitors in last year in which approximately 20% is foreign visitors. Cat Ba Island under Cat Ba District, Hai Phong City, 150 km away Hanoi, is the biggest island among 366 limestone islands of Cat Ba Archipelagos. Cat Ba Archipelagos, with an area of approximately 200km2, is world well known for wonderful limestone mountains, tropical forest, cuphorbia, sea grass, beaches and mysterious caves and diversified ecosystem. From Hai Phong City, tourists can go to Cat Ba Island by land, by waterway or by air. It takes visitors 45 minutes by waterway and the visitors can enjoy a wonderful and gigantic national landscape that the God gave this City.
In recent years, the State invested approximately VND 100 billion to expand the electricity supply system for all communes of Island District and construct the infrastructure, roads, bridges and ferries. There is 90 hotels and guesthouses in which includes 1 three-star hotel, 8 two-star hotels and 8 one-star hotel in Cat Ba District. Some tourism projects are being implemented in Cat Ba District with small scale and by domestic investors. Currently, there is no foreign-invested project in Cat Ba District.

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