The 200 ha complex in Thua Thien-Hue province's Chan May-Lang Co economic zone (EZ) will include six resorts and hotels with 2,400 rooms, according to a memorandum of understanding the firm signed recently with the local government.
Banyan Tree has invested in 60 such complexes in 22 countries.
The Chan May-Lang Co EZ, located some 70 km from the provincial capital Hue, was established in January last year.
The 27,000 ha zone boasts a seaport and Lang Co, one of the country's most beautiful beaches.
It offers various incentives to investors and has attracted 61 projects, including 23 involving tourism.
