The Vietnamese-American Hotel and Resort (VAHR) Ltd. signed threemanagement agreements on August 24 with a major hotel operator for theThe Ritz Carlton, JW Marriott and Outrigger hotels, allUS-headquartered.

VAHR was established as a wholly-ownedsubsidiary of American company ITC Spectrum LLC to develop the Vinh HoiBay Golf Resort Project, which covers 325ha, 25km north of Quy Nhon cityin Binh Dinh province.

The Outrigger Vinh Hoi Bay Resortand Spa with 210 rooms and 46 villas will start construction inmid-2011, and is expected to open for business at the end of 2013.

The 100-villa Vinh Hoi Bay , the Ritz-Carlton Reserve, and the320-room JW Marriott Vinh Hoi Bay Resort&Spa are expected to beginconstruction in early 2012 and be completed in 2014.

Thecenterpiece of the 325ha-development will be an 18-hole championshipgolf course designed by Robert Trent Jones II of California .

Beside the three hotels in the first phase, residential villacommunities, a retail centre, and another culture and entertainmentcentre, as well as a tropical garden will be constructed.

The later phase of the development will feature three additional hotelsand residential properties, as well as a horse race course and marina,according to Canh D. Tran, chairman and CEO of the Vietnamese-AmericanHotel and Resort Co.

In another development, Bitexco Grouphas begun a 900,000 USD plan to apply enterprise-resource planningsolutions from German-based SAP for the operation and management of the68-floor Bitexco Financial Tower in HCM City , the country'shighest building, which will open in October.

GlobalCyberSoft ( Vietnam ), in co-operation with its strategic partner,BayanTrade ( Philippines ), will develop the plan over a four-monthperiod.

The modules include financial services andaccounting, real estate sales, real estate management, maintenance anddocument management systems.

All modules are customised to maximise the effectiveness of the tower's functional operations./.