On October 20, Mr. Ho Van Nien, Deputy Chairman of BR-VT People’s Committee and leaders of departments, sections had a field survey at the Ho Tram Project Company Limited, the investor of the Ho Tram integrated resort project (Ho Tram Strip) on reporting the progress of project implementation.

At the meeting, the investor’s representative presented the reasons of delayed project implementation compared with schedule is due to the impact of the global financial crisis. Yet, the Company has overcome difficulties and determinably resolved to implement the project on committed schedule in future. Accordingly, from October 12, Ho Tram Strip project - Phase 1 had officially restarted including items: one 19-storey five-star hotel (including 541 room), restaurant area, low-voltage station areas, wastewater treatment area, golf club ... The investment capital of Phase 1 is US $165 million as estimated; It is expected to complete and put into business in October 2012. Then, the investor will implement the next phases.

Representatives of the departments, sections also shared in current difficulties and problems the project facing. Mr. Ho Van Nien affirmed to facilitate the continued implementation of project and drew attention of investor in the project schedule commitments.