Tourism Industry Thrives On Phu Quoc Island

Tourism is big business on Phu Quoc Island, reeling in property developers and tourism operators in droves.

A resort on the Phu Quoc Island (Photo:KK)
Switzerland’s Trustee Suisse has made a proposal worth EUR 2 billion to the People’s Committee of Kien Giang Province in application for an investment license to develop a residential district on the island.

The district, which would be named “Asian Pearl”, would feature a financial center, villas, parks and a tourism complex. If approved, it would be located in the Rach Tram area on the northern part of the island and would cover an area of more than 200 hectares.

The project is expected to be approved by provincial authorities, said Mr. Bui Ngoc Suong, Chairman of the People’s Committee of Kien Giang Province.

On another front, US-based Rockingham Asset Management Corp LLC has just received the go-ahead from local authorities to pour US$1 billion into a tourism complex on the Island.  

Source TT – Translated by Kim Khanh

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