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Quang Ngai province grants Investment Certificate to Vina Universal Paradise Project

The Vina Universal Paradise Commerce - Service Zone Project of the ITA Group was granted the Investment Certificate N0.3412100036 on November 18, 2008 by the People’s Committee of Quang Ngai province.

Accordingly, the project completion time will be 50 years from the issuance of the Investment Certificate to completion. The site clearance and technical infrastructure construction of the project will be implemented from 2008 to the first half of 2009. Its initial phase will last 25 months to construct buildings and auxiliary structures. The second one will be undertaken within 16 months for the land filling and construction of infrastructure, villas and entertainment works.

The Vina Universal Paradise will cover an area of 60.02 hectares with 4 functional areas composed of a 23.835 hectare housing area including 237 attached houses, 183 garden villas and 56 bungalows (single-storey wooden house); a 15.630 hectare public area of kinder garden, cultural house, sports center and green park; 5 commercial areas of 7.101 hectares; a 13.454 hectare service area comprised of traffic system, power station, water supply system, sewage and waste treatment plant.

The total investment capital of the project is VND 1,196 billion, of which the ITA Group contributes VND 500 billion.

The completion of this modern Urban, Commerce and Service Zone of the ITA Group will speed up the urbanization process of Quang Ngai province, meeting the demand of high-end accommodation and service, shopping and entertainment. Additionally, it also accelerates the deployment of the Tourism Zone and Vina Universal Studio in Duc Pho district in the province.