Phu Quoc island draws 164 investment projects

The Mekong Delta province of Kien Giang’s Phu Quoc island district is hosting 164 licenced projects worth nearly 169 trillion VND (7.52 billion USD), according to a working group for Phu Quoc island development.

The Mekong Delta province of Kien Giang’s Phu Quoc island district is hosting 164 licenced projects worth nearly 169 trillion VND (7.52 billion USD), according to a working group for Phu Quoc island development.

A beach in Phu Quoc island. Photo: VNA

The projects, including 21 foreign invested ones, covers 5,630 hectares in the island district, said the group, adding that the supervision of the projects will be strengthened in the coming time.

Licences of projects lagging behind scheduled will be withdrawn, while stronger measures will be rolled out to support investors during the projects’ implementation.

Phu Quoc island, dubbed Perl Island, has a total area of 589.23 square kilometres and a population of about 97,000. It is one of the tourism hubs of Kien Giang and the southern region as well.