Vietnam will, for the first time, encroach sea to develop a tourism project in southern Ho Chi Minh City next month, local newspaper Saigon Liberation reported Wednesday.
The project's investor, local joint stock company CTC, will use some 25 million cubic meters to level a 600-ha site in Can Gio coastal district to make beaches and villas. Capitalizing at nearly 100 million U.S. dollars, the project is scheduled to be put into use in 2015.
Foreign arrivals to Vietnam in 2006 reached 3.6 million, of whom, 59.9 percent were tourists, and 22.7 percent business travelers. Of nearly 18 million Vietnamese tourists who traveled within their country last year, many stayed at luxury hotels.
Source: Xinhua
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