- Vietnam’s $9.3 billion Can Gio Tourist City was recently approved for construction within the buffer zone of a UNESCO Mangrove Biosphere Reserve in Ho Chi Minh City.
- Developed by Vingroup, Vietnam’s largest private company, the project will require the reclamation of a huge amount of land along Can Gio’s coast.
- Environmentalists and activists have petitioned the government to reconsider the project, but Vingroup is a key part of the country’s drive toward industrialization and home-grown world-class companies.
HO CHI MINH CITY, Vietnam — A $9.3 billion residential and tourism development has been approved within the buffer zone of the Can Gio Mangrove Biosphere Reserve here in this city of 13 million, Vietnam’s largest urban area. The project was proposed by the Can Gio Tourism Urban Area Joint Stock Company, a subsidiary of Vinhomes, the real estate arm of Vingroup, the country’s largest private company. The Can Gio Tourist City would span 2,870 hectares (7,100 acres), largely on land that would be filled in along the South China Sea coast using sand. Tiếp tục đọc “Vietnam approves $9 billion development within mangrove reserve”