Phu Quoc island draws 1.72 billion USD in investment

Southern Kien Giang province has so far licensed 21 investment projects worth 1.72 billion USD in the resort island of Phu Quoc , including two wholly foreign-owned projects and two joint ventures.

In all, those projects cover 1,000 ha along the island’s eastern and western coastline. Several of them have been put into operation, contributing to the island’s growth rate of 16 percent for the past three consecutive years.

Another 154 projects worth 889.75 million USD have also received permission to conduct detailed planning.

The province is speeding up construction of An Thoi port, an international airport and a road network on the island to facilitate tourism development.

VNA

>   More private hospitals expected with new preferential tax (19/08/2008)

>   Paddy purchases going slowly (19/08/2008)

>   Cheap foreign food dueling with clean domestic food (19/08/2008)

>   Seafood processing workshops warned about tra shortage (19/08/2008)

>   Oil output slump to end, easing budget deficit: JPMorgan  (19/08/2008)

>   Investors dig small caps in building, transportation  (19/08/2008)

>   Ministry shortlists investors for country’s largest power plant (19/08/2008)

>   Airlines fight for the skies with low fares  (19/08/2008)

>   WTO action plans need work (19/08/2008)

>   HCM City prioritises clean industries (19/08/2008)