Phu Quoc improves infrastructure to lure investment
Phu Quoc island district in the southern province of Kien Giang is focusing on improving infrastructure, especially roads, sea ports and airports, to attract more investors.
A tourism project in Phu Quoc. (Source: bookinghotelvn.com)
Kien Giang (VNA) – Phu Quoc island district in the southern province of Kien Giang is focusing on improving infrastructure, especially roads, sea ports and airports, to attract more investors.
According to Huynh Quang Hung, Vice Chairman of the district Peꦜople’s Committee, the locality is also investing in upgrading water and electricity supply systems and waste treatment facilities. It has also prepared land for investors and provided favourable conditions f♔or them to speed up their projects.
The National Tourism Year 2016 – Phu Quoc – Mekong Delta is a big opportunity for Phu Quoc to promote itself as a tourist paradise, thus attracting domestic and foreign investors, he noted.
By August this year, the island had 244 valid investment projects with a combined capital of over 314 trillion VND (14 billion USD), according to the Phu Quoc Economic Zone Management Board.
Most projects focus on infrastructure, urban areas, sea-based economy, tourism, trade and service.
Of 244 licenced projects, 28 projects capitalised at 35 trillion VND (1.57 billion USD) be📖came operational and 22 others worth 35.6 trillion VND (1.6 billion USD) are underw🦩ay.-VNA
The Kien Giang Biosphere Reserve has made significant progresses in terms of ecological diversity and biodiversity preservation, heard a recent workshop in the Mekong Delta province of Kien Giang.
The Phu Quoc – Kien Giang Green Tour programme was introduced at a ceremony on the island on August 6 as part of the activities in response to the National Tourism Year 2016 – Phu Quoc – Mekong Delta.
The building of the long-delayed amusement park and zoo in Vietnam has sped up since HCM City's government has allowed Vinpearl JSC to work with a foreign partner, which is drawing up detailed plans.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
A tourism project in Phu Quoc. (Source: bookinghotelvn.com)
