Berjaya to invest in a tourist resort on Phu Quoc island
VNBusinessNews.com - While seeking to sell a number of hotels and tourist resorts worldwide, Berjaya Hotels & Resorts (Berjaya), Malaysia, showed its optimism and confidence in the potentials of the Vietnamese market.
Executive Director of the group Joseph Won said that the organization is teaming with a Vietnamese company to set up a joint venture at a share ratio of 70/30 to run a construction project for a Berjaya tourist resort on Phu Quoc island.
The project will cost some US $45 million and is expected to be finished by the third quarter of 2010.
The Malaysian group is also considering to build a hotel in Ho Chi Minh City and a tourist resort along the Da Nang coastline within 4-5 years.
Reportedly, the group is planning to turn its investment by expanding potential markets, namely Vietnam, Japan, South Korea, Maldives, and Malaysia.
Executive Director of the group Joseph Won said that the organization is teaming with a Vietnamese company to set up a joint venture at a share ratio of 70/30 to run a construction project for a Berjaya tourist resort on Phu Quoc island.
The project will cost some US $45 million and is expected to be finished by the third quarter of 2010.
The Malaysian group is also considering to build a hotel in Ho Chi Minh City and a tourist resort along the Da Nang coastline within 4-5 years.
Reportedly, the group is planning to turn its investment by expanding potential markets, namely Vietnam, Japan, South Korea, Maldives, and Malaysia.
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