Regions International
$4B Resort Complex for Vietnam's Vung Tau Province
May 22, 2008

Asian Coast Development Ltd. a privately held Canadian-based resort developer, has been awarded a highly coveted investment certificate by the government of Vietnam that allows for the construction of Vietnam's largest tourism venture, the Ho Tram Strip. The planned $4.2 billion, 9,000-room luxury hotel resort and entertainment destination will be located in Vung Tau Province in southern Vietnam. Phase 1 of the project will include a five-star hotel resort with 1,100 rooms, a championship golf course, and Vietnam's first Las Vegas-style casino. Phase 1 is slated to open in late 2010. Phase 2 will comprise of a second luxury resort with 1,300 rooms, a casino, and 10 restaurants and nightclubs and is scheduled to open in the spring of 2011. The entire complex, located 80 kilometers south west of Ho Chi Minh City on the South China Sea, is scheduled to be completed in under 10 years.

 
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