How to unlock all the potential of Cat Ba Island to meet the growing demand of domestic and foreign tourists is a burning concern among many housing developers, including Vinaconex Investment and Tourism Development Joint Stock Company (Vinaconex - ITC).
Defining position on real estate market
Vinaconex - ITC’s main business lines are real estate investment and trading, specially vacation property, real estate services, tourism services and project investment management.
With an authorised share capital of VND360 billion, Vinaconex - ITC is a top Vinaconex member company in this aspect. Besides, thanks to sound business directions and strategies, the company achieved solid business results in 2009 and 2010, making it one of the three best-performing companies affiliated to Vinaconex Corporation.
Inheriting the brand popularity of its parent Vinaconex Corporation and the strengths of founding shareholders like the Vietnam Export - Import Commercial Joint Stock Bank (Eximbank) and Agribank Securities Joint Stock Corporation (Agriseco), the company’s board of management is determined to become a leading professional real estate investor and developer. Vinaconex - ITC is gradually establishing its position as a professional real estate investor and developer on the Vietnamese real estate market in general and the holiday home market in particular.
Building Cat Ba into Asia’s new destination
Vinaconex - ITC is realising the dream of turning Cat Ba Island into Asia’s new destination by carrying out Cat Ba Amatina project in Cai Gia Bay, Cat Ba Island, the beautiful emerald island, and the world biosphere reserve in Hai Phong City to become a world-class high-grade resort, marina and casino complex.
The 172.27-ha project, which is estimated to cost over US$1 billion, is a combination of skilled workmanship and marvels of nature, which consists of seven villa resorts, a bustling commercial centre, an international convention centre, 4-5-star hotels, a sporting and recreational complex, a marina for well-to-do people, and outdoor waterfront restaurants.
By investing and building Cat Ba Amatina, Vinaconex - ITC will also help develop the northern vacation property market and turn Cat Ba Island – the beautiful pearl island and world biosphere reserve – into a world-class vacation property centre as guided by the Government. Cat Ba Amatina is part of Vinaconex - ITC’s plan to develop a resort chain bearing the Vinaconex - ITC trademark across the country and open a new chapter for the convergence of natural and artificial wonders in Vietnam.
Moreover, the company actively coordinates with professional and reputable partners to generate conditions for its projects. For instance, Group 70/Pacmar Inc (USA) and Vinaconex R&D Company provide consultancy for overall planning and designing; Land Design (France) designs and adjusts urban planning and designs; and CBRE advises on investment.
Another very important factor contributing to the success of the project is the support of the authorities and people of Hai Phong City and Cat Hai District.
Vietnamese
