A view of An Thoi township on Phu Quoc Island from the cable car. — VNS Photo PhuongThao
The Mekong Delta province of Kien Giang is seeking investment for three new projects on the island of Phu Quoc with investment totalling more than VND4.85 trillion (US$208.5 million).
According to the Phu Quoc management board of economic zones, the island is inviting bids for the Bac An Thoi high-end villa area which covers around 52.5ha in An Thoi township. The project has total investment of more than VND3.4 trillion and a building coverage ratio of 30 to 35 per cent.
The second project, to build villas, business and services at Bai Truong tourist complex in Duong To Commune, needs approximately VND1.07 trillion in investment. The project stretches across 11.24ha and has a building coverage ratio of 20 to 25 per cent.
Bidders are also being invited to invest VND372.5 billion in a 14.9ha domestic waste treatment plant at Bai Bon hamlet, Ham Ninh Commune which has a designed capacity of 350 tonnes of waste per day.
Kien Giang Provincial People's Committee has assigned the economic zone management board to publish the project list and organise the bidding procedures to select investors in accordance with legal provisions.
The province has pledged to provide investors with incentives in the form of tax rates, corporate income tax, land and support in developing infrastructure.
Located on the Viet Nam-Cambodia-Thailand marine economic corridor, Phu Quoc is dubbed the ‘pearl’ island. Phu Quoc has targeted welcoming at least half a million international tourists this year. — VNS