Oct 16, 2012

Vietnam - RoK to invest $4 billion in Phong Nha-Ke Bang

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The People’s Committee of Quang Binh province has just signed a memorandum of understanding (MoU) with ZETA Group Holding, a real estate investment organisation from the Republic of Korea, to build an international leisure center at the Phong Nha-Ke Bang National Park.

Accordingly, the project, worth $4 billion, will include a casino area, hotels and urban facilities on the mountains, providing outdoor entertainment activities and cave exploring tours in Phong Nha-Ke Bang.

The Phong Nha-Ke Bang National Park was listed in UNESCO World Heritage Sites in 2003, thanks to its system of 300 caves and grottos with a total length of 126 km discovered up to April 2009.

Before the discovery of the Son Doong, recognised as the world's largest cave, Phong Nha held several world cave records, as it has the longest underground river, as well as the largest caverns and passageways.


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