Groundbreaking ceremony of 35ha subdivision The Grand Ho Tram

Mr. Nguyen Van Nen, Politburo member, Secretary of Ho Chi Minh City Party Committee, presented a flower arrangement from General Secretary To Lam to congratulate the groundbreaking ceremony.

Attending the groundbreaking ceremony were Mr. Nguyen Van Nen, Politburo member, Secretary of the Ho Chi Minh City Party Committee; Mr. Pham Viet Thanh, Central Party Committee member, Provincial Party Secretary, Chairman of the People's Council of Ba Ria-Vung Tau province; Ms. Nguyen Thi Yen, Permanent Deputy Secretary of the Provincial Party Committee, Head of the National Assembly Delegation of Ba Ria-Vung Tau province; Mr. Nguyen Van Tho, Chairman of the People's Committee of Ba Ria-Vung Tau province; representatives of Binh Duong province and departments and branches of Ba Ria-Vung Tau province.

Also present were representatives of Warburg Pincus Fund - Mr. Stuart Haine, CEO of Southeast Asia; General Director, founding shareholder of VinaCapital Group - Mr. Don Lam; CEO of Lodgis Hospitality Holdings - Mr. Christopher Hur; General Director of The Grand Ho Tram - Mr. Walt Power...

Delegates perform the groundbreaking ceremony.

The new 35-hectare subdivision of The Grand Ho Tram includes a 5-star hotel system, resort villas, entertainment facilities, casino, international convention and exhibition center... with more than 6,000 rooms, serving about 18,000 guests per day. This is part of the overall 164-hectare project, marking the next step in the overall expansion strategy of The Grand Ho Tram. The new subdivision contributes to increasing the total investment capital of the project to more than 4 billion USD with a scale of 9,000 rooms and a full range of services for resorts, entertainment, conferences, and international exhibitions in Southeast Asia.

Keep up the good work

Speaking at the groundbreaking ceremony, Chairman of the People's Committee of Ba Ria-Vung Tau province Nguyen Van Tho highly appreciated the pioneering role of The Grand Ho Tram project in attracting domestic and foreign investment into the Ho Tram area, contributing to effectively exploiting and promoting the rich resources of Ba Ria-Vung Tau province, creating a unique tourist area with diverse international-class services.

Mr. Nguyen Van Tho, Chairman of the Provincial People's Committee spoke at the ceremony.

“In particular, the project is invested by Warburg Pincus, a leading US financial group, demonstrating the strong confidence of US investors in Vietnam's policies, investment environment, market potential and sustainable development,” the Chairman of the Provincial People's Committee emphasized.

Affirming that tourism and services are one of the four economic pillars of the province, the Chairman of the Provincial People's Committee said that in recent times, the province has focused resources on investing in completing the intra-provincial transport system and regional connectivity to ensure smooth and synchronous operation. The investor's groundbreaking of the project today is the result of the commitment and efforts in promoting the development of the tourism and services industry.

Delegates take souvenir photos at the ceremony.

The Chairman of the Provincial People's Committee requested that investors "have made efforts, then continue to make even more efforts". During the construction process, they must strictly comply with the provisions of the law on construction investment, ensure labor safety, fire prevention and fighting, environment and aesthetics of the construction area. Focus resources on implementing the project quickly, ahead of schedule, put it into operation soon, provide more new quality products and services to serve tourists. The provincial government is committed to always accompany, ready to support, remove difficulties, and create the most favorable conditions for investors to implement the project.

Warburg Pincus's Sustainable Commitment to Vietnam's Economic Growth

The Grand Ho Tram is the flagship project of Lodgis Hospitality Holdings, a joint venture between Warburg Pincus Investment Fund and VinaCapital.

At the groundbreaking ceremony, Mr. Stuart Haine, CEO of Southeast Asia, Warburg Pincus Investment Fund, shared that since entering the Vietnamese market in 2013, the company has invested more than 2 billion USD, demonstrating strong belief in Vietnam's potential and long-term growth.

Mr. Stuart Haine, CEO of Southeast Asia, Warburg Pincus Investment Fund, affirmed his commitment to long-term investment in Vietnam.

“Our largest investment in Vietnam is The Grand Ho Tram, comprising over US$1.4 billion already invested and a new US$1 billion investment this time. With over 6,000 rooms and the capacity to accommodate 18,000 guests in the new phase, when completed, The Grand Ho Tram will become a world-class integrated resort following the MICE model and one of the largest complexes of its kind globally,” Mr. Stuart Haine proudly said.

The groundbreaking of The Grand Ho Tram expansion project demonstrates Warburg Pincus' sustainable commitment to Vietnam's economic growth, especially in the tourism and leisure sector.

General Director of The Grand Ho Tram - Walt Power spoke at the ceremony.

General Director of The Grand Ho Tram - Mr. Walt Power shared: "Along with the continuously invested, upgraded and expanded transport infrastructure such as Bien Hoa - Vung Tau, Ben Luc - Long Thanh expressways... helping to shorten travel time, creating conditions to attract a large number of domestic and international visitors every year, we have complete confidence in the development potential of Ho Tram as a leading destination in the region".

Especially in the context of investors working closely with authorities at all levels to exploit new growth drivers, The Grand Ho Tram will bring a breakthrough in the development of the resort real estate industry in Vietnam, creating a dynamic appearance of the super city of Ho Chi Minh City after the merger in the East, contributing to raising the level of national tourism, making Vietnam a prominent destination in Asia and globally.

Article and photos: DANG KHOA - BAO KHANH

Source: https://baobariavungtau.com.vn/kinh-te/202505/khoi-cong-phan-khu-35ha-the-grand-ho-tram-1042564/