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June 4, 2008

Asian Coast Development wins $4.2 billion resort contract in Vietnam

Vietnam has given the green light to a US$4.2 billion resort by granting Asian Coast Development the first foreigner investment certificate.

The Toronto-based developer plans to build the Ho Tram Strip, a five-resort complex, with more than 9,000 rooms, two casinos, restaurants and nightclubs, theaters, a golf course and more than 200,000 square feet of retail.

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