Phu Quoc absorbs VND183 trillion of investment capital

Investment licences have been granted to 164 projects in Phu Quoc island district, in the southern province of Kien Giang as of the middle of January, with capital totalling 183 trillion VND (nearly 8 billion USD).

According to Doan Van Tien, Vice Chairman of the district People’s Committee, investment projects range from infrastructure, urban development, trade and services, to the marine economy and tourism.

Of the licensed projects, 24 projects worth 25.8 trillion VND (1.12 billion USD) have been completed and put into operation, and 23 projects with investment capital of nearly 25.4 trillion VND (1.1 billion USD) are under construction.

Notably, Phu Quoc has attracted a number of big investment projects, including An Thoi-Hon Thom cable car system, Vietnam’s first wildlife conservation park Vinpearl Safari, and the five-star Vinpearl resort complex.

In the next phase, the island district will focus on dealing with issues related to environmental protection, human resource training and administrative procedural reforms in order to meet investors’ demands.

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