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Sign in Sign up for a FREE subscriptionGreen light for $9b Can Gio Tourist City development in Vietnam
The Vietnamese government has approved the $9.3 billion Can Gio Tourist City project, a residential and tourism development, located in the Can Gio Mangrove Biosphere Reserve, the country’s largest and most populous area, which is currently occupied by 13 million residents, reported Global Construction Review.
The Vietnamese mangrove development was brought forward by the Can Gio Tourism Urban Area Joint Stock Co., a subsidiary of Vinhomes, the real estate arm of Vingroup, the country’s largest private company. It will span 2,870 hectares (7,092 acres).
Vinhomes’ development is expected to be completed by 2031.
