Hideo Sawada, Chairman of H.I.S, a leading travel conglomerate in Japan, has recently confirmed the group will take part in a hotel and resort project in Cam Ranh city, the central coastal province of Khanh Hoa.
A view of Cam Ranh Bay in the central coastal province of Khanh Hoa. (Photo: Frank Hoang)
Cam Ranh, only an hour from Ho Chi Minh City by air, is blessed with beautiful ports and beaches, Hideo told Japan’s Nikkei newspaper.
He said H.I.S will work with a Vietnamese group to develop a 1.8-billion-USD resort complex with 5-6 hotels, one or two of which to be built by the Japanese firm.
The main investor in Viet Nam will build a large-scale theme park inside the complex similar to Huis Ten Bosch Park in Nagasaki prefecture in Japan, he noted, adding that the Huis Ten Bosch attracts about 3 million visitors and generates 89.5 million USD in revenue every year.
In many developing countries, rising incomes result in more demand for major entertainment centres. The project will be a success if there are at least 10 million people living in the neighbourhood, because local residents normally account for 60 – 70 percent of visitors to such a park, he explained.