Former U.S. Secretary Of The Treasury to invest in Cat Ba Amatina project

17 Jan
VNRE – In Hanoi, on 01/13/2012, Prof.-Dr. John W Snow, a leading investment advisor of the U.S. and the world, 73rd Secretary Of The Treasury of the United States, current chairman of Cerberus investment fund has signed a memorandum of understanding (MOU) with Vinaconex-ITC company about investment in Cat Ba Amatina project with the presence of the press, Vinaconex Corporation and the representative of World Link International Group.

This project is owned by Vinaconex-ITC, a member of the Vinaconex Corporation.
Accordingly, Prof. John W Snow will support and cooperate with Vinaconex-ITC to invest or introduce investors to the Cat Ba Amatina project, and research business opportunities in the investment and developing real estate projects in Vietnam.
Vinaconex-ITC is member of the Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) has chartered capital of VND 300 billion, total assets as of end of quarter I/2010 to reached VND 417 billion; work in two main areas of investment and business in real estate and business in tourism services.

Cat Ba Amatina project was launched with the goal of building a center of tourism, international-class resort in the north with an area of 172.27 hectares, total investment up to $1 billion.
This project has the main items such as: 7 resorts with about 800 villas, two marinas, a boat landing, an international conference center, the international trade center, parks and sports center, multi-functional entertainment areas, six 5-star hotels and a 4-star hotel.

Source: Vinaconex – ITC

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