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Vietnam Investment & Project Development Group Contracts with Life Resorts and
Blue Ocean Company Ltd to Develop a 110 unit, Resort in the Mountainous
Region of Sa Pa, Vietnam

Ho Chi Minh City, Vietnam – September 11th, 2007  – Today, Vietnam saw its first international hotel development group, the Vietnam Investment & Project Development Group (www.vipdgroup.com) sign a contract with Life Resorts and Blue Ocean Company Ltd to develop a 110 unit, four star resort in the northern hilltop resort of Sa Pa.

The Vietnam Investment & Project Development Group (VIPD Group) was formed by the partners of TCK Group and a number of Vietnamese partners, who have been involved together with various projects in Vietnam, for a number of years.

Through the partners in the VIPD Group, international experience is combined with local knowledge and connections.   An experienced team of hospitality & property development professionals has joined forces to develop quality resorts in Vietnam.  

With offices in six locations around Vietnam in Hanoi, Ho Chi Minh City, Sa Pa, Da Lat, Phan Thiet and Phu Quoc, the VIPD Group is well-placed to serve domestic and international investors who are seeking to develop resorts in Vietnam.

The VIPD Group is headed by its Chief Executive Officer, Karl Derek John, who is a hotelier with twenty-years operational experience and a thirteen year involvement with Vietnam, thus he is no stranger to Vietnam.  He joined Hilton International in 1973 and has worked for a number of leading hospitality organisations before first coming to Vietnam in 1994, since 2002 he has been living in Hanoi.

The VIPD Group combines the skills of a hotelier, property developer, construction expert, project manager, mechanical engineer, certified public accountant, risk analysis expert, architect, management consultant, legal consultant, trainer, human resources specialist and business facilitator.

The Life Heritage Resort Sapa is a Joint Venture invested by Vietnam Hotel Projekt B.V. a company controlled by the parent company of Life Resorts Management Company (http://www.life-resorts.com/V003/index.html), together with Blue Ocean Company Ltd (http://www.blueoceanresort.com/).  

Life Resorts plans to establish a chain of resorts throughout Vietnam, Cambodia and Laos to provide their clients with a true Indochina experience.  The resort will combine many aspects of the local culture and be an architectural celebration of the vibrant region.

“Life Resorts are very pleased to be bringing a quality brand to Sa Pa, as we continue to expand the Life Experience.  We are especially pleased that the resort will be developed by professional partners with whom we have worked for some time” said Mr. Chris Duffy, the General Director of Life Resorts Management Company.

“The Management Board of Blue Ocean Company Ltd is delighted to partner with a professional development company, the VIPD Group, and with Life Resorts to develop this quality resort in Sa Pa” said Mr. Nguyen Thanh Bich, the Chairman of Blue Ocean Company Ltd.

“We are very pleased to have been appointed the developer for the Life Heritage Resort Sapa, it allows the partners of VIPD Group to combine the experience that we have gained in various projects” said Mr. John, the Chief Executive Officer of VIPD Group.

“Coming from the North of Vietnam, I am especially proud that VIPD is developing a quality resort in the mountainous region of Sa Pa and we can showcase the ethnic minorities, the scenic valleys and rice paddy fields to guests of the Life Heritage Resort Sapa” said Ms Tang Thi Thu Ha, the Chairlady of VIPD Group.

“Life Resorts has worked with the TCK Group to produce impartial feasibility studies for some time, including the one for Sa Pa.  It’s very pleasing that we have the opportunity through the VIPD Group to put our feasibility study into reality” said Mr. Nigel Sharman, a Partner of TCK Group and Projects Director for VIPD Group.

“Having worked in the construction sectors of Vietnam, Cambodia and Laos, I am especially pleased that VIPD Group has been appointed as the Developer to Life Resorts and that they have a vision to develop resorts around Indochina“ said Mr. Bui Van Hai, the Technical Director of VIPD Group.

Mr. John added, “The VIPD Group was established to develop projects in Vietnam.  We will invest into various opportunities alongside our clients.  Our mission is to assist investors to explore and benefit from the number of opportunities that exist in Vietnam.  We will also explore opportunities within the region, in particular Laos and Cambodia.  In this, we share a common vision with Life Resorts and look forward to developing a number of resorts together in the future.“

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Contact:

Karl Derek John
Chief Executive Officer
VIPD Group Ltd
Suite 1704, Building 19T9, Trung Hoa Nhan Chinh, Hanoi, Vietnam
Telephone:  (844) 2812 643 Fax:  (844) 2814 647
Email: karl.john@vipdgroup.com

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Also See: The Marketing of Vietnam - The Developing, Positioning and Branding of Vietnam's Tourist Assets / Dietmar Kielnhofer Ph.D / July 2007
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