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In May alone, the economic zone has been able to lure eight investment projects including four foreign-invested projects totally capitalized at over US$60 million.
Most notably, the Banyan Tree Group of Singapore has received permission to increase its investment in the Laguna Lang Co resort complex to US$2 billion with the hope of developing into one of the nation’s largest integrated resorts in the future.
Banyan Tree Lang Co Hotel features 229 rooms in addition to an 18-hole golf course and a conference centre and is famed for winning a number of international awards. The hotel offers customers a diversified range of entertainment activities.
In addition, work has been moving at a rapid pace in order to ensure that the Minh Vien International tourism site comes into operation later this year.
The government has also approved development plans until 2025 with a vision to 2030 that would see the development of the Lang Co-Canh Duong Natonal Tourism Site into an international tourist destination featuring typical tourism products along with a wide range of entertainment, cultural and sporting activities, and an international port in the future.
The development of brands for the Lang Co–Canh Duong National Tourism Zone has contributed to enhancing competitiveness and increasing the length that tourists stay in the area, as well as developing the local economy.
The Lang Co–Canh Duong National Tourism Zone aims to welcome more than 1.5 million visitors by 2025, including 600,000 foreign arrivals.
By 2030, the tourism zone is set to receive more than 2.5 million visitors, including 950,000 international tourists, earning approximately VND7 trillion in revenue.