Thursday, February 21, 2008

U.S. enterprises to invest U.S. 10 billion in Vietnamese tourist development.

This is from a Vietnamese news agency. This is symptomatic of Vietnam's great leap forward into global capitalism. The U.S. could have avoided the Vietnam war altogether by just enticing a new leadership to follow the capitalist road as has happened as well in China.

US enterprises to invest US $10 billion to Quang Nam
Nhan Dan - The People’s Committee of the central province of Quang Nam on February 15 officially submitted to the Government a US $10 billion tourism project to be invested by giant US economic groups for an investment license.
If approved, this will be the biggest tourism project in the central and Central Highlands area, said Mr Dinh Van Thu, a spokesman of the Quang Nam People’s Committee.
The project is invested by the US’s Global C&D Inc. and some other US companies.
According to Chairman of the Quang Nam People’s Committee Nguyen Duc Hai, the project, named Dragon Beach Tourism Resort, have been worked on by Global C&D Inc. and local authorities for years now.
Under the project, a luxury sea resort including hotels, casinos, a trade centre, a conventional centre, a golf course and entertainment facilities will be built on an area of 460 hectares in Dien Ban district.

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