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47 trillion VND invested in Phu Quoc so far
An additional 13 projects have been licensed in Phu Quoc island in the southern province of Kien Giang since the beginning of the year with a combined registered investment capital of about 3 trillion VND.
Nguyen Van Sau, Deputy Head of the Phu Quoc Island Investment and Development Management Board, said on July 11 that the new investments raised the total number of licensed projects in the island district to 64, with a total capital of nearly 47 trillion VND (2.4 billion USD).
To date, eight projects have become operational on a total area of 17.2 ha and with a combined realised capital of 888 billion VND while four other projects capitalised at over 1.2 trillion VND in total have started construction.
The remaining are working on site clearance or investment procedures.
According to Director of the provincial Department of Transport Nguyen Van Chanh, the department has proposed the provincial People’s Committee to provide additional 1 trillion VND to build major infrastructure works in the island district.
Phu Quoc is the largest island in Vietnam with an area of 59,300 ha with two towns, Duong Dong and An Thoi, and eight communes. It is known for its pristine beaches and forests and has emerged as a favourite destination for tourists as well as investors.
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