Business

Phu Quoc helps investors accelerate key projects’ progress

Phu Quoc city of the Mekong Delta province of Kien Giang has been providing support for investors to accelerate progress of key projects as part of an effort to boost local socio-economic development.
Phu Quoc helps investors accelerate key projects’ progress ảnh 1An aerial view of Phu Quoc (Photo: VNA)
Kien Giang (VNA) – Phu Quoc city of the Mekong Deltaprovince of Kien Giang has been providing support for investors to accelerateprogress of key projects as part of an effort to boost local socio-economicdevelopment.

According to the management authority of Phu Quoc EconomicZone, there are 49 projects underway in Phu Quoc which are scheduled tocomplete this year. By the end of 2022, the island city expects to disbursemore than 22.59 trillion VND (974.55 million USD) worth of investment.

It also plans to start work on 14 projects this year, withover 1.79 trillion VND worth of investment in total to be disbursed.

The management authority said it is offering the mostenabling conditions for investors in obtaining investment licences and keepingtheir projects on schedule.

It has also been coordinating with the Phu Quoc People’sCommittee to support projects which are facing challenges in site clearancewhile urging investors and developers to get projects started as long as theyare good to go.

Phu Quoc has the largest number of investment projects in Kien Giang, said ViceChairman of the Phu Quoc People’s Committee Tran Chien Thang, noting that thecity accounts for 41.2 percent of the province’s projects which have combinedregistered investment of over 340 trillion VND.

Phu Quoc has been luring big investment from a number ofmajor corporations, including Vingroup, Sun Group, BIM Group and CEO Group,Thang added. Huge capital has been attracted to uniformly developinfrastructure on the resort island, from building roads, expanding watersupply network to upgrading waterway and air transport services andconstructing urban zones and tourist complexes./.
VNA
#Phu Quoc #Kien Giang province #Phu Quoc Economic Zone #vietnamplus #vietnam news agency Kien Giang
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