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| An artist’s impression of Happyland Vietnam project in Long An Province - Photo: Courtesy of Khang Thong Group |
Nguyen Thanh Su, deputy general director of Khang Thong Group, told the Daily on the phone on Monday that the Happyland Vietnam project would require around US$2 billion, with US$600 million going to a theme park similar to Disneyland and Universal Studio, the famous amusement destinations in the world.
The first phase of the project will start on 338 hectares, stretching along the Vam Co Dong River. It will be expanded in the second phase, according to the company which on Monday introduced the project’s investment opportunities in the capital city of Hanoi to potential investors in the northern region.
In addition to the amusement section, the project will have a commercial section providing some 160,000 square meters of space, a section for three -and five-star hotels with some 1,000 guest rooms and a section for residential development with villas and shophouses, among other facilities.
The firm said Happyland could receive around 14 million visitors a year and generate jobs for about 10,000 people in the province.
Answering a question about the financial capability of the investor, Su said the group would use its own budget and join hands with strategic partners. “We are mulling a plan to list on the bourse to pool capital,” Su told the Daily on Monday.
The company is expected to organize an investment opportunity seminar in HCMC, about 30 km from Long An, in the middle of this month.
Su said the group was working with its partners to begin work on the project by January next year and complete it by April 2014.
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