The Binh Phuoc provincial People’s Committee on February 8 granted an investment license to the Binh Phuoc Entertainment Company Limited to build an international standard racetrack.

The project, which covers 200 hectares, will be built in Thanh Tam Commune, Chon Thanh district, at a total cost of more than VND1 trillion, said the company’s representative Michael Lee Afron.

In addition, the company will build a shopping mall, a sports and physical training centre, an entertainment centre and a three-star hotel. It will also open a club for horse racing and training, said Mr. Afron.