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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
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Ho Chi Minh City
Thursday, May 1, 2025

Hoi An Royal Group invests VND2.5 trillion in resort condotel complex

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QUANG NAM – Hoi An Royal Group (HARG) announced on June 16 that it is investing VND2.5 trillion into the Shantira Beach Resort & Spa project comprising 70 sea-view villas and 430 resort condotel units to be located next to An Bang Beach, Hoi An City, Quang Nam Province.

While the villas will be operational in the first quarter of 2021, the resort condotel will be completed in Q2, 2021.

Speaking at the event, Le Huy Khang, HARG’s Business Development Director, said that Dusit Thani, a Thailand-based hospitality management corporation, would manage the 8.6-hectare complex.

“We faced many difficulties, especially during the first half of this year due to the impact of Covid-19,” said Khang, adding, “At that time, the realty market was mainly shut. Construction and business activities suffered as a result of the social distancing measures taken by the Government. During this difficult situation, including for the financial sector, we still made great efforts to ensure the project stayed on schedule.”

Apart from the Shantira Beach Resort & Spa, HARG has previously invested in several four- and five-star hotels including the Hoi An Royal Hotel – MGallery by Sofitel, the Royal Riverside Hoi An and the River Suite Hoi An.

In March 2020, the group had inked a deal with Vietinbank Hoi An, wherein the latter committed to a sponsorship worth VND800 billion for the project. In addition, the bank can offer a loan that is equivalent to 70% of the project unit’s value to buyers.

By Nhan Tam

 

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