Indonesian Political, Business & Finance News

S. Korea to build Vietnam's resort

| Source: AFP

S. Korea to build Vietnam's resort

HANOI (AFP): Vietnam has authorized a South Korean firm to build a US$290-million tourist resort on a former prison island off the country's southern coast, a report said yesterday.

PMC Jinwon Co. Ltd is to join with Con Dao Marine Product and Import Export Co. and the Vietnam Air Service Co. (VASCO) to build a complex that will include a 250-room hotel on the island of Con Dao.

The island was once a French penal colony known as Paulo Condore and several top Vietnamese leaders were jailed there. Its prisons, including the notorious "Tiger Cages" were closed in 1975 after the communist takeover but a museum remains.

The joint venture, Conson Andass Octies, is to begin work on the hotel in June, the Saigon Times Daily said. A special ferry service will link the island to the southern resort of Vung Tau 200 kilometers away. Currently most visitors take charter flights from Ho Chi Minh City.

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