Over VND33.4 Trillion Channelled into Phu Quoc Island

 

At a meeting reviewing results in Phu Quoc Island (Kien Giang province) in the first six months of 2014 and previewing activities in the last six months held by the Southwest Steering Committee on July 28 in Can Tho City, Mr Nguyen Thanh Hai, Head of Southwest Steering Committee, said Phu Quoc island district has attracted 194 projects which rent 8,530 ha of land.

 

After the Prime Minister allowed the construction of Vietnam-Singapore Industrial Park in Phu Quoc, the Provincial People's Committee of Kien Giang established a consulting body responsible for providing consultancies on investment attraction and project deployment in Phu Quoc Island. The province allocated nearly 3,870 ha of land in Cua Duong and Cuu Can communes to IDC Becamex Co., Ltd to design residential, urban and industrial zones for tourism, trade and future casino development.

 

Mr Le Van Thi, Chairman of the Kien Giang Provincial People's Committee, said key investment projects are being carried out in Phu Quoc, including a 51.5-km Phu Quoc North - South thoroughfare (costing nearly VND2,469 billion) and a 100-km encircling road system (costing VND3,011 billion).

 

Besides, other projects are also being deployed, including An Thoi fishing port upgrading project, breakwater project, Duong Dong estuary dredging project, and Dong Duong Lake upgrading project. The district also creates favourable conditions for investors to do business in Phu Quoc Island.