The People’s Committee of Binh Thuan Province has approved the decision to adjust the investment policy for the Ocean Valley Resort Complex Project (NovaWorld Phan Thiet). The project, invested by Delta-Valley Binh Thuan LLC, spans approximately 1,000 hectares with a total investment of around $5 billion. This adjustment confirms the investor, updates the goals, and revises the implementation timeline. The project’s aim includes a large-scale resort and tourism complex with villas, luxury hotels, golf courses, and various amenities. The project will be executed in two phases: Phase 1 from 2008 to 2024 has completed several components, while Phase 2 from 2024 to 2028 will complete remaining sections and put the project into operation. This adjustment is expected to expedite progress and enhance the tourism value of NovaWorld Phan Thiet in the South Central region.
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