Chairman of the Hanoi municipal People’s Committee Nguyen Duc Chung, empowered by the Prime Minister, presented an investment license to a multifunctional entertainment complex with a horse racing course in the outlying district of Soc Son on October 14.
Chairman of the Hanoi People’s Committee Nguyen Duc Chung (R) presents the investment license to the investor (Photo: VNA)
Hanoi (VNA) – Chairman of the Hanoi municipalPeople’s Committee Nguyen Duc Chung, empowered by the Prime Minister, presentedan investment license to a multi-functional entertainment complex with a horse racingcourse in the outlying district of Soc Son on October 14.
Invested bythe Republic of Korea’s Global Consultant Network Co.Ltd and the HanoitouristCorporation, the work has a total cost of 420 million USD. Of the figure, 120million USD are contributed by both of them and the remaining are loans.
Speaking atthe event, Chung said it is the first-ever horse racing course licensed by thePrime Minister in Vietnam. He wished that the project would be launched soon togenerate more jobs, raise local income, and especially strengthen Vietnam – RoKstrategic partnership.
He committed all possiblesupport to the project and assigned Soc Son authorities to step up siteclearance and assist investors in administrative procedures.
The work covers over 125ha inTan Minh and Phu Linh communes and will operate for up to 50 years startingfrom the license day./.
The Government has issued a long-awaited decree allowing Vietnamese citizens to bet on international football matches and on horse and dog races in Vietnam.
Hanoi will spend more than 420 million USD to build a horse racing course in Soc Son district, Chairman of the municipal People’s Committee Nguyen Duc Chung said on December 11.
Prime Minister Nguyen Xuan Phuc has approved the addition of the multi-purpose entertainment complex – horse racing course project into Hanoi’s master plan on socio-economic development by 2020, with orientation to 2030.
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Chairman of the Hanoi People’s Committee Nguyen Duc Chung (R) presents the investment license to the investor (Photo: VNA)
