10:48 | 05/02/2018 Companies
The Hoa Binh Construction Group JSC on January 31 signed a contract worth 470 billion VND (over US$20.6 milion) with the Cam Lam Investment Ltd under which it will undertake the construction of the Swiss Belresort Nha Trang in the south central coastal province of Khanh Hoa.
|At the signing ceremony - Source: ndh.vn|
The Swiss Belresort Nha Trang - a complex of hotel, villas and condotel – spreads over 30ha of land in the North Cam Ranh tourist site in Cam Lam district. It has a total investment of 2,100 billion VND (nearly US$92.2 million), with 1,000 billion VND to be disbursed in the first phase for the building of 171 villas, restaurants, swimming pools and technical infrastructure.
The Hoa Binh group will start construction work in the first phase of the project at the end of February.
One day earlier, the group also inked two contracts with a total value of 110 billion VND (US$4.8 million) for the construction of the foundation and basement of the Hoang Cau office and commercial complex in Hanoi’s Dong Da district and the structure of the office building at No. 198 Tran Quang Khai street in Hanoi’s Hoan Kiem district.
Founded in 1987, the Hoa Binh Construction Group JSC is a holding company which engages in industrial and civil construction services. It is based in Ho Chi Minh City.