A memorandum of understanding (MoU) to this effect has been signed between representatives of Banyan Tree and the Thua Thien-Hue provincial people's committee.

The 200-ha complex will include six resorts and hotels with 2,400 rooms. So far, Banyan Tree have invested in 60 similar tourism and services complexes in 22 countries.

The Chan May-Lang Co EZ was established in January 2006, covering 27,000ha. The zone, which is about 70km from Hue city, boasts a seaport capable of accommodating ships with load capacity of 5,000 tonnes or above and Lang Co beach, one of the most beautiful beaches in the country. Lang Co is being considered to be nominated to the list of the world's most beautiful beaches.

The EZ has lured 61 investment projects, including 23 projects in tourism, with four operational ones, while  four others will be carried out in 2007.