Phu Quoc Island has so far attracted 244 projects worth VND314 trillion (US$14 billion), mostly in infrastructure, urban development, fisheries, tourism, trade and services. — Photo dulichdaophuquoc.vn

HCM

Twenty eight projects with an investment of VND35 trillion ($1.57 billion) are already operational while 22 others worth VND35.6 trillion are under construction.

"The island authorities have invited many big investors like Vingroup, Sun Group, BIM Group and CEO Group to build luxury hotels, resorts, and amusement facilities to serve tourists," Huynh Quang Hung, deputy chairman of the Phu Quoc District People's Committee, told Viet Nam News Agency.

Vinpearl Phu Quoc in the north of the island with a complex consisting of a five-star hotel and villas, modern entertainment area, 27-hole golf course, and the world's second biggest wildlife safari has become popular with both foreign and domestic tourists.

In the south, Sun Group's resort and hotel complex of five- to six-star quality is set to open with over 1,000 rooms.

Next year the VND4.9 trillion ($220 million) first stage of a cable car system from An Thoi town to Hon Thom island commune will become operational.

Truong, Dai, Sao and other beautiful beaches in the island are in the process of inviting restaurant, resort and hotels investors to serve tourism.

To attract investors, the island authorities have been developing infrastructure for many years, including the Phú Quoc International Airport, An Thoi international sea port, the north-south traffic system, the road network around the island, undersea cable from Ha Tien town for power supply, urban infrastructure like water and electricity supply.

In 2015-20, Phu Quoc will focus on its infrastructure, including the second phase of the Phu Quoc International Airport, Vinh Dam port, and a waste treatment system besides preparing clean land and creating favourable conditions for investors. — VNS