Phu Quoc improves infrastructure to lure investment

A tourism project in Phu Quoc. (Source: bookinghotelvn.com)

Kien Giang (VNA) – Phu Quoc island district in the southern province of Kien Giang is focusing on improving infrastructure, especially roads, sea ports and airports, to attract more investors.

According to Huynh Quang Hung, Vice Chairman of the district People’s Committee, the locality is also investing in upgrading water and electricity supply systems and waste treatment facilities. It has also prepared land for investors and provided favourable conditions for them to speed up their projects.

The National Tourism Year 2016 – Phu Quoc – Mekong Delta is a big opportunity for Phu Quoc to promote itself as a tourist paradise, thus attracting domestic and foreign investors, he noted.

By August this year, the island had 244 valid investment projects with a combined capital of over 314 trillion VND (14 billion USD), according to the Phu Quoc Economic Zone Management Board.

Most projects focus on infrastructure, urban areas, sea-based economy, tourism, trade and service.

Of 244 licenced projects, 28 projects capitalised at 35 trillion VND (1.57 billion USD) became operational and 22 others worth 35.6 trillion VND (1.6 billion USD) are underway.-VNA