Apec Group completes the M&A deal with Cuc Phuong Hot Mineral JSC, preparing to invest 1 billion USD in resort tourism in Ninh Binh

Apec Group (APEC) has just announced that it has completed the M&A deal with Cuc Phuong Hot Mineral Joint Stock Company, making the company a member of Apec Group’s ecosystem.
Nature not only bestows Ninh Binh with charming scenery, but also has many hot springs with mineral water that is considered very good for health. Tourism experts assess that Ninh Binh has a harmonious combination of sightseeing, enjoyment with relaxation and treatment, if it can be combined to create associated tourism products provided to visitors, it will help tourists. Ninh Binh calendar really took off.

Ninh Binh has great potential to develop high-class resort tourism products. Located in Thuong Sung village, Ky Phu commune, Nho Quan district, 8km south of Nho Quan town, Cuc Phuong hot mineral is one of the best hot mineral sources in Ninh Binh today. The water source was discovered in the 60s of the last century during the investigation and construction planning of Cuc Phuong National Park. Mineral water source emerges from cracks and caves, karst in limestone on the northeastern slope of a large mountain with a flow rate of 8 l/s. Mineral water was also discovered in some boreholes near the open circuit.
Since 1970, many agencies such as Group 54, Group 47, General Department of Geology, Vietnam Academy of Science, Vietnam General Confederation of Labor, Hanoi Institute of Hygiene and Epidemiology… have come here. conduct research surveys. According to experts, with a stable temperature of 35oC, transparent, colorless, odorless and tasteless water, Cuc Phuong mineral water gives bathers a feeling of gentle relaxation and many healing effects. The quality of mineral resources here is very suitable for developing the type of resort tourism, health care – wellness holiday – one of the strategic directions that Apec Group is focusing on investing in.

The acquisition of Cuc Phuong Hot Mineral Joint Stock Company – an enterprise licensed to exclusively exploit mineral water here with a continuous flow of 140m3/day will be the first step for a chain of 5-star resort and resort complex projects. international entertainment and wellness holiday trend in Ninh Binh province. Apec Group will invest 1 billion USD to develop a chain of 5-star resort and international entertainment complex projects in Ninh Binh. In addition, due to being exploited from a high-quality underground mineral water mine right in the buffer zone of Cuc Phuong National Park, the natural environment is unspoiled, completely separate from the densely populated areas and industrial zones, and natural mineral water. Cuc Phuong also has a natural, pure taste, has a light mineral content with many good health effects… The quality of Cuc Phuong natural mineral water has been certified by the competent authorities and meets the standards. Europe CODEX STAN 108 – 1981, REV.2 – 2008 and ISO 9001: 2008, in line with the European Community Directive EEC 80/777/CEE. In addition to exploiting mineral resources to develop resort real estate, Apec will also develop this drinking water source into its own brand of drinking water and put it into use in the group’s projects.

Mr. Nguyen Quang Huy – Deputy General Director of Apec Group said, “Ninh Binh possesses extremely rich tourism resources and is a favorite destination of many domestic and international tourists. Some famous scenic spots here can be mentioned as Trang An tourist area, Tam Coc – Bich Dong, Bai Dinh pagoda… However, Ninh Binh lacks worthy entertainment, entertainment and relaxation spots to hold tourists. Guests stay longer and spend more. Therefore, we hope to contribute a part of our efforts to the development and change the face of tourism in the province with a series of 5-star resort complex projects and international amusement parks in Hanoi. here”.
It is expected that Apec Group will invest 1 billion USD in Ninh Binh to contribute to turning the ancient capital land into an international resort tourism center in the period 2021-2025 with the goal of increasing the total number of tourists to Ninh Binh. doubled, reaching 15 million visitors/year, and at the same time doubled the average length of stay of tourists compared to the present.