Flamingo Group’s Executive Director Rajat Chhabra made the remark at a January 7 ceremony in Hanoi where the Flamingo Cat Ba Beach Resort was officially announced.

The resort, with a view of Lan Ha Bay, is located on Cat Co 1 and Cat Co 2 beaches.

The villas will be sold from VND3 billion (US$139,000) and enjoy a zero percent interest rate in the first 10 months from Vietcombank, with total lending pegged at 60% of the total value and will be given out over 15 years.

The resort will provide a conference centre, an entertainment area specialized for tourists, cinemas, children’s play area, cuisine area, four-season swimming pools and a fitness centre.

Source: http://english.vov.vn/investment/fivestar-resort-planned-on-cat-ba-island-366254.vov