Last updated: Tuesday, March 19, 2019


Entrepreneur Vu Van Hai with Future Value Generating Journey

Posted: Thursday, May 04, 2017

With a desire to unlock the local potential and advantages, entrepreneur Vu Van Hai, General Director of Van Phong Investments and Development Joint Stock Corporation, has spent resources and efforts to carry out many important projects in Nha Trang City, Khanh Hoa province. He said, according to the plan, the company will invest about VND2,000 billion in Khanh Hoa province, but so far the work is about half completed.

Ocean Gate Nha Trang
Van Phong Investments and Development Joint Stock Corporation was established in 2004 by enthusiastic investors and former leaders of Khanh Hoa province. In 2010, Vu Van Hai, a businessman from Hanoi, was involved in the set-up process and named a manager of the company. Giving an explanation to the reason for his movement to the south to do business, Hai said, Nha Trang City of Khanh Hoa province is always a place of interest to him. “Situated at the gateway to the South Central and the Central Highlands and known as a beautiful seaside city, baptised “Pearl of Far East” by tourists, Nha Trang City has an advantageous geographical position, a convenient traffic system comprised of roads, railways, waterways and especially Cam Ranh International Airport. Thus, Nha Trang has good conditions for expanding exchange and development to be ‘one of the most liveable cities’. This factor exerts a pull on tourists and investors,” he said.

From that perspective, Hai was determined to invest in Khanh Hoa and Ocean Gate Nha Trang is his most devoted project. Ocean Gate Nha Trang is situated at No. 8 Hoang Hoa Tham Street and No. 6 Yersin Street-one of the most beautiful positions in Nha Trang City, lying close to Nha Trang Stadium and taking a two-minute walk to the most gorgeous beach in the city. It is also a short drive to major trade centres like Dam Market, schools and clinics to ensure the quality of life.

According to the design, Ocean Gate Nha Trang is the tallest building in Nha Trang City today. The project has 40 storeys and two basement floors, 171 four-star hotel rooms and 263 apartments for sale and for rent, and nine floors for trade. The land area is 1,505 square metres and the total floor area (excluding basement) is 44,133 square metres.

In March 2017, a joint venture among Van Phong Investments and Development Joint Stock Corporation, Khanh Hoa Tourism Investment and Development Joint Stock Company, and Tien Phong Commercial Joint Stock Bank (TPBank)-Nha Trang Branch signed a credit contract for Ocean Gate Hotel & Residence project. Accordingly, TPBank Nha Trang will provide a line of credit of VND400 billion with a maturity term of 84 months and a grace period of 15 months for the joint venture led by Van Phong Investments and Development Joint Stock Corporation.

Speaking at the contract signing ceremony, Hai said that the project is currently building the foundation and is scheduled to be launched to investors in June 2017, which falls on Nha Trang Sea Festival 2017.

As a very dedicated and professional investor, Hai said that he carried out the project with clear long-term goals. It must exist with the time. Its scale may not the biggest but its quality must be the best, constituted by exquisite design and construction quality.

Starting Business Coffee model
The strength and potential of Khanh Hoa province is tourism. Beautiful natural scenery and temperate climate are ideal conditions for the province to develop tourism and its services. At present, tourists to Khanh Hoa province are on the rise. Therefore, beside the hotel and residence at No. 8 Hoang Hoa Tham Street, he has also invested in some projects such as coffee houses and restaurants to serve residents and tourists. These projects have generated jobs for hundreds of people, especially students.

At No. 6 Hoang Hoa Tham Street, just by the side of Ocean Gate Nha Trang, he invested in a coffee house named Winner Coffee, a place of interest for tourists and a rendezvous for local entrepreneurs who drink coffee and share living and business experience. In the coming time, he will cooperate with the Khanh Hoa Young Entrepreneurs Association to organise meetings and exchanges between businessmen and leaders of Khanh Hoa province. This will create conditions for businesspeople to interact with the government.

Hai said also invested more restaurants to serve tourists who do not have many quality options for the time being. Many restaurants look good and attractive but quality and hygiene are not guaranteed. “As social civilisation advances, customers want the food not only to be delicious but also to be good-looking and hygiene-secured,” he stressed.

In addition, in his VND2,000-billion plan, shipbuilding also draws his interest as he wants to serve fishermen in 28 coastal provinces with 3,260 km of coast.

Quoc Hung

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