Eastern European giants are secretive behind Crystal Bay
Not long ago, Khanh Hoa Provincial People’s Committee approved in writing for Crystal Bay Group Joint Stock Company to research, survey, propose planning and propose investment in super projects in Cam Lam district and Khanh Son district. .
The project proposed by this enterprise has a scale of about 3,173ha, located in Ba Cuong Bac commune (Khanh Son district) and Cam Phuoc Tay and Cam An Bac communes (Cam Lam district), including 3 components.
Component 1 in Ba Cuong Bac and Cam Phuoc Tay communes, the goal is to build a high-class resort (6-star resort), build an ecological garden house, spa services, health care services. associated with planting fruit trees according to the model of agricultural tourism, parachute service, zipline flight system from the top of the hill (near Khanh Son pass) to downhill to the hot air balloon hill area near Ta Ruc lake …
A corner of Bai Dai area (Cam Lam)
Component 2 in Ba Cuong Bac and Cam Phuoc Tay communes, the goal is to invest in building a low-rise hotel area with hillside resort villas (5-star resort), restaurant system, spa, performance stage arts and culture, medical treatment facilities, dentistry, beauty…
Component 3 in Cam Phuoc Tay and Cam An Bac communes, the target is to invest in a 72-hole golf course, recreational facilities in lakeside and water surface areas, universal studio amusement park, hot air balloon area beautiful scenery of clouds, mountains, sunrise, sunset, service infrastructure of the zipline flight system connecting from component 1 (from the top of the mountain near Khanh Son pass)…
Along with Vingroup, Crystal Bay is an enterprise that soon proposed to invest in Cam Lam when this locality has just been planned to become a world-class airport, service and ecological urban area. Not much appears in the media like Vingroup, FLC, Tan Hoang Minh or Sun Group… but Crystal Bay is also the giant behind many large-scale resort projects in the Central region.
The “gut” travel agency of Russian guests, the owner has a South Central language
Crystal Bay is headquartered in Ho Chi Minh City. Nha Trang, as a tourism development and investment corporation, specializes in exploiting international travel activities to Vietnam for many years. According to information from the business, Crystal Bay serves nearly half a million guests a year, most of which are Russian tourists. Crystal Bay also confidently said that it currently accounts for 65% of the Russian tourist market in Vietnam. This group operates 18 aircraft and 1,500 charter flights per year, leasing rooms from other investors in Nha Trang, Ninh Thuan, Binh Thuan, and Phu Quoc.
Crystal Bay’s travel and tourism service is continuing to expand the international inbound market from India, Korea, and Thailand…. With domestic travel activities, this business issues all kinds of travel services. travel cards and direct distribution through online channels, agents and domestic partners.
Crystal Bay’s ecosystem has many member companies such as Anex Vietnam Trade and Tourism Co., Ltd (exploiting international travel services), Horizon Yacht Club JSC (exploiting yacht services) Nha Trang), Crystal Bay Card (exploiting tourist cards), Crystal Bay Hospital (brand of tourism real estate management and operation under the complete ecosystem of Crystal Bay Group),…
Perspective of Van Don Heritage Road project
However, the reputation of Crystal Bay is better known through the projects in which this business is an investor. In particular, it is impossible not to mention the super project Van Don Heritage Road with a scale of more than 3,300 hectares, including: sea-view villas, hotels, mixed towers of hotels, conference resorts with a total of more than 3,000 rooms. The highlight in the approved plan is the 88-storey building (V-shaped tower), with a scale of 3,061 rooms. This is the tallest tower in the master plan, considered a symbol of a super project. The project is implemented by Van Don Heritage Road Joint Stock Company – where Crystal Bay has an indirect ownership relationship. This project is still under construction and construction.
Besides, Crystal Bay focuses on investing quite a lot in the central provinces, namely Ninh Thuan and Khanh Hoa.
In Ninh Thuan, in early December 2021, this Group started construction of Ninh Chu Sailing Bay with an estimated total investment capital of 4,800 billion VND; or the complex SunBay Park Hotel & Resort Phan Rang with a capital of 4,500 billion VND has begun to take shape.
In Nha Trang, Crystal Bay is considered as the earliest investment enterprise in Bai Dai area, with 2 big projects. In which Cam Ranh Riviera Beach Resort & Spa officially came into operation in 2015 and SunBay Cam Ranh Resort & Spa is under construction. There are also Dameva Villas Complex Nha Trang and Crystal Marina Bay.
Cam Ranh Riviera Beach Resort & Spa
Crystal Bay also started moving to Da Lat by sponsoring the project planning of Prenn Lake Tourist Area with an area of about 1,000 hectares.
In Ha Tinh City, this group has proposed the Central Park Project and Lam Hong Garden Park City Urban Area by Crystal Bay. However, the Ministry of Construction has sent a document to the Ministry of Planning and Investment requesting opinions on re-appraisal of the project because many points are not suitable for the local urban development program.
The boss is behind
Crystal Bay Group Joint Stock Company was established in 2016, with initial charter capital of VND 250 billion. Mr. Nguyen Duc Chi (SN 1968) is the legal representative and Chairman of the Board of Directors. After 2 times of capital increase, Crystal Bay currently has a total charter capital of 1,200 billion VND.
This businessman, from Nghe An, has also had a good time studying and setting up a successful business in Russia like some current Vietnamese billionaires. Before successfully developing a series of resort tourism projects like today, Mr. Chi had experienced many ups and downs.
Mr. Nguyen Duc Chi – Chairman of the Board of Directors of Crystal Bay
In 2005, Mr. Chi was involved in a scandal at the Mermaid – Rusalka project. According to Construction Newspaper, he was the former Chairman of the Board of Directors of Rus-Invest-Tur Tourism Development and Investment Company (RIT), the investor of the Rusalka project with an investment of 15 million USD located along Bai Tien beach, Vinh ward. Hoa, Nha Trang city. When the Rusalka project was being unfinished, around June 2005, the Investigative Police Agency of the Ministry of Public Security prosecuted and arrested the Chairman of the Board of Directors of RIT Nguyen Duc Chi for the crime of “fraud to appropriate appropriation” asset”. After that, Mr. Chi was sentenced to 5 years and 6 months in prison for “Forging documents of agencies and organizations” and “Illegal use of property”.
After being released from prison early in 2010, the businessman established a new company (Champarama Tourist Area Joint Stock Company) to inherit the project and asked to continue implementing the Mermaid – Rusalka project. However, after that, the project continued to encounter some violations and was administratively sanctioned.
By Business and Marketing
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
