According to the provincial People’s Committee Office, the Muong ThanhGroup has been licenced to build a four-star hotel on the 10-squarekilometre island, which is approximately 30 kilometres off the coast.
The hotel, which is estimated to cost 250 billion VND(11.5 million USD), will have from five to seven storeys and a range of80 to 120 rooms.
Muong Thanh, the owner of dozens ofhotels all over Vietnam, also has a plan to build a commercial complexin Quang Ngai city, at 450 billion VND (20.64 million USD).
In its approved socio-economic development plan until 2020 with avision to 2025, the Ly Son island district will focus on improvinginfrastructure and boosting tourism to spur local economic growth andensure the island district’s security and defence.
The plan is to cost over 2.83 trillion VND (133.01 million USD), expected to come mostly from society.
Itlooks to diversify Ly Son’s tourism products that could help reel inmore visitors to the island, which is now connected with the nationalpower grid.
The island district hopesto welcome 40,300 visitors in 2015, earning over 41 billion VND (1.92million USD). Tourism revenue of the locality is predicted to rise tonearly 99 billion VND (4.65 million USD) in 2020 and 178 billion VND(8.36 million USD) in 2025.
The plan is expected to generate jobs for 900 people in 2015, over 1,500 in 2020 and 2,400 in 2025.-VNA