Ly Son island to have luxury resort

Quang Ngai Provincial People’s Committee agreed for a local investor to do a feasibility study on a resort project in Ly Son island district last week.

Located to the north-east of Quang Ngai Province, some 15 nautical miles (27km) from the mainland, Ly Son District has two islands -- Big Island and Small Island.-Photo lysonexplorer.com

​The study was proposed by the Viet Nam Infrastructure Investment and Development Joint Stock Company (VIID) in a document dated March 13, 2017.

The People’s Committee asked the Department of Construction and Ly Son District People’s Committee to guide, support and create favourable conditions for the company to conduct the survey and find suitable locations for the above project.

Located to the north-east of Quang Ngai Province, 27km from the mainland, Ly Son District has two islands, Big Island and Small Island. The island covers an area of over 10sq.km, with the three communes of An Vinh, An Hai and An Binh and total population of some 22,000, of whom 60 per cent live mainly on fishing, 30 per cent live on agriculture and the rest have other means of livelihood.

By the end of 2014, the island district began to get access to the national grid. Since then, infrastructure and accommodation services have started to develop but mostly in motels, homestays and mini hotels. Muong Thanh is the first four-star hotel to be built in Lý Sơn, which opened in May 2016 with 92 standard rooms.

VIID was established under cooperation of State Capital Investment Corporation (SCIC) and Refrigeration Electrical Engineering Corporation (REE) on May 26, 2008.

According to the National Business Registration Portal, the current charter capital of VIID is VND410 billion, of which SCIC holds more than 45 per cent and REE owns more than 39 per cent.

Currently, VIID has been investing in a number of projects such as Platinum Residences, Ngoc Bao Vien project, Platinum Complex, STD Tower, Platinum Plaza and Vam Thuat – Vuon Lai project.

The proposed project is based on a model of a resort with ecological villas and promises to be the first luxury resort in Ly Son island district.

Source VNA