Cat Ba Amatina project: Awakening a new trend towards investing in world-class resorts in the North of Vietnam.
In 2007, Vietnam has only about 200 resorts, of which 26 resorts with 3-star to 5-star, mainly developed by joint-venture or wholly foreign-owned enterprises.

Previously, resorts were developed mostly in the Middle and the South, especially in Phan Thiet (Binh Thuan province), and barely in the North due to the specific climate: Hot seasons are tourism one and cold seasons are not. However, because of changing tourism taste, many tourists have a desire to enjoy beauty of the sea in winter. The North is “awaken” and many world-class resorts appear.
In the North, one of the most famous tourism destinations is Cat Ba Island (Haiphong city). A project that has been developed by Vinaconex JSC on Cat Ba Island is Cat Ba Amatina project.

Cat Ba Amatina project:

With the area of 172.27 ha, Cat Ba Amatina project, which is one of the largest-scale projects in the North of Vietnam, is given many investment incentives from the Government. In Cat Ba Amatina project there are various and large sub-projects such as: modern resorts, international convention Palace, theme park, sport area and beaches, service areas, multi-functioned entertainment areas, marinas, commercial areas, hotels with 3-star to 5-star…(Group 70/Pacmar INC (USA) is the planning consultant for the project). All the sub-projects help tourists enjoy the peaceful and fresh life, but still have enough conditions to work and live comfortably, conveniently.
Vinaconex is calling investors for this project. Representative of Vinaconex said that forms of investment cooperation will be various and flexible: joint-venture, wholly foreign-owned and other forms suit to Vietnam’s Law.

 The year 2007 is considered as the year of resort tourism. Sea tourism is becoming more and more attractive. And the rising quantity of foreign tourists coming to Vietnam is a strong evidence of the attraction of tourism in Vietnam.
With Cat Ba Amatina project, Vinaconex – ITC opens a new trend towards investing in world-class resorts and contributes to take Vietnam tourism to the international arena.

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