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Friday, July 30, 2021

Over US$15 billion poured into Phu Quoc’s tourism

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HCMC – By September 2020, Phu Quoc City of Kien Giang Province had attracted 276 tourism projects covering nearly 10,000 hectares of land and requiring a total investment of VND347 trillion (over US$15 billion).

At a seminar held by the Kien Giang Department of Tourism on January 10, experts said that only a few localities could attract such huge investment capital, proving the attractiveness of the city, Thanh Nien Online newspaper reported.

According to Associate Professor Dr. Tran Dinh Thien, former director of the Vietnam Institute of Economics, Phu Quoc’s space, sea and island tourism and connected traffic infrastructure and investment attraction capacity have been readied. The investment from large firms, such as Sun Group and Vingroup, will create a foundation and motivation for the city’s strong development in the future.

The city should issue policies to attract more large firms to invest in the city.

Dang Phuong Hang, general director of Property service provider CB Richard Ellis Vietnam, said the tourism ecosystem model, including tourism, entertainment and high-end property is appropriate for Phu Quoc to become a city worth living in and a world-class tourism hub. Therefore, the tourism segment will continue to grow strongly in the coming periods.

The city’s economy, tourism, services, urban development and real estate are expected to see a boom, alongside large enterprises.

A Vietnam Airlines representative said the air carrier would continue considering Phu Quoc a key market in its development strategy, adding that it would expand the network connecting Phu Quoc with other localities in Vietnam and increase flights from Europe, Asia and Australia to Phu Quoc, transiting in Hanoi and HCMC.

In addition, the airline will gradually develop the Phu Quoc International Airport into a large aviation base of Vietnam and the region.

Nguyen Ngoc Thuy Linh, deputy general director of Sun Property Group, proposed that Phu Quoc should learn from the prosperous model city of Singapore to become an international island city and ensure its sustainable development.

Sun Group has worked with the city to develop a complete ecosystem, taking into account the growth of the city’s population and the number of tourists.

Kien Giang Vice Chairman Nguyen Luu Trung said the province hoped the ideas and proposals of experts and enterprises at the seminar would help it come up with a plan to develop Phu Quoc and propose special policies to ensure the significant growth of the city, including the development of real estate, in association with the tourism sector, to turn Phu Quoc into a key economic center in the southern region and the whole country and a high-quality tourism center of international standards.

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