09:10, 24/10/2016

First large-scale commercial project in Cam Ranh starts construction

A large-scale project will be built up in the center of Cam Ranh City. It's expected to contribute much in socioeconomic development and tourism of the second biggest city of Khanh Hoa Province.

A large-scale project will be built up in the center of Cam Ranh City. It’s expected to contribute much in socioeconomic development and tourism of the second biggest city of Khanh Hoa Province.
 
Dong Hai Development And Investment Joint Stock Company on October 26 will organize construction start up ceremony of a hotel and service trade center called Dong Hai on a plot of land at the crossroads of 22-8 Street and Hung Vuong Street, Cam Ranh City. The land was formerly a theater of Cam Ranh.
 

 

Perspective of Dong Hai Hotel and Service - Trade Center
Perspective of Dong Hai Hotel and Service - Trade Center
 
Since 2003, the north of Cam Ranh Pennisula has been ratified planning to develop an area with high-quality tourist site, aviation transportation, commercial centers and national as well as international conference centers. Realizing potentials of Cam Ranh, Dong Hai Development and Investment Joint Stock Company decided to invest the big project in the city center. The project aims to serve high-class accommodations for tourists and businessmen to Cam Ranh, entertainment services for locals, sailors as well as expats in Cam Ranh.
 
This project is a main one of Dong Hai Development And Investment Joint Stock Company in 2016 as well as a remarkable one of Cam Ranh City at present. It will be a 10-floor building 10,000 sq.m. in construction area, including supermarkets, shopping areas, wedding halls, hotel, entertainment areas, offices for lease, restaurants, green trees and many other subsidiary works. The first phase is scheduled to finish in 2017, including services like restaurant, cafe, karaoke, cinema, etc. to serve locals and tourists. Commercial center and hotel will be built in the second phase and finish in 2018. Total investment in this project will be USD25million.
 
Cam Ranh City has no big commercial work so far. Therefore, the project is expected to contribute much in the socioeconomic development.
 
Dong Hai Development And Investment Joint Stock Company was formerly Tan Lien Phat Construction Investment Joint Stock Company, the investor of Vinhomes Central Park project worth more than VND30,000 billion in Ho Chi Minh City. Dong Hai Development And Investment Joint Stock Company has been established since August 21, 2013 and kept its sound basis as well as made breakthrough by large-scale projects. Dong Hai Development and Investment Joint Stock Company has confirmed its position in real estate trade and investment in the country. The company’s headquarter is located at 38/12 Nguyen Van Troi Street, Ward 15, Phu Nhuan District, Ho Chi  Minh City.
 
Nhat Thanh
Translated T.T