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Rumors have circulated in recent days claiming that Thung Nham Ecotourism Park in Ninh Binh was transferred for “millions of USD,” prompting speculation about the project’s ownership. The claims have led to misperceptions among the public about whether one of Ninh Binh’s well-known destinations is changing hands.
Pham Cong Chat, Chairman of the Board of Directors of Doanh Sinh Trading and Tourism Joint Stock Company—the investor behind Thung Nham Ecotourism Park—said there is no truth to the reported transfer of the project. He stated that since the company’s establishment in 2003, it has invested heavily to develop Thung Nham into a distinctive ecological destination in Ninh Binh.
“We remain the investor and will pursue long-term development,” Chat said, adding that the project reflects sustained effort rather than a change in ownership.
Chat also said the project is only partially completed. He noted that many components are being refined in line with the approved master plan.
The investor said the goal is to build Thung Nham into a scalable destination with distinctive features—contributing to local tourism while preserving ecological values in the heritage area.
Beyond the misinformation itself, the investor said the rumors have had real consequences. According to Chat, unverified information has affected workers’ morale, disrupted internal affairs, and damaged the company’s reputation.
He added that in a tourism sector that is gradually recovering, such waves of rumors can undermine the stability needed for development.
Chat urged relevant authorities to assist in verifying the information to prevent further spread of false rumors.
He emphasized that in the digital age, rumors can travel quickly before the truth emerges, and the cost is not only misunderstanding but also trust—an intangible asset that is difficult to restore. For heritage-related projects, he said credibility is not only a corporate matter, but also tied to the image of the entire region.
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