In the coming time, the island will have 10,000 hotel rooms and become the destination with the highest number of hotel rooms in Vietnam.
The Ceo Group is keen to finish all their projects on Phu Quoc by next year, ahead of their 2018 schedule.
The group has also accumulated more land through buying out rival firms. Two new projects with an area of 160 hectares bring the firm's total investment to millions of USD.
“At first, we planned to build about 2,500 to 3,000 rooms but after a serious of acquisitions, the number have increased up to 4,000 to 4,500 and other segments including residential segment," said Nguyen The Lam from the Phu Quoc Investment and Development JSC.
Initially, there were only a few small-scale resorts, with less developed facilities. However, the presence of big investors with the total investment of nearly 8 billion USD has rapidly transformed the environment.
“The breakthrough in the infrastructure has encouraged investors in and out the country to invest in Phu Quoc, creating the basis for the island's tourism sector," said Dang Minh Truong who is General Director of Sun Group.
These investors plan to open a high end hospital in Phú Quốc. Previously, most of the investment projects were in real estate segment. However, health and education are becoming increasingly popular choices for investors. This will help complete Phú Quốc's infrastructure.
“The convalescence and treatment establishment I invested in can be used as nursing home or cosmetic curgery establishment with many other services, not only serving people on Phú Quốc Island but also people in and out of the country," said Dr. LE TRUONG GIANG an investor from Kien Giang province.
Receiving large amount of investment, the projects have been carried out quickly. Phú Quốc has become a large construction site. To support investors, once a month, the chairman of local people's committee and representatives of the related departments held talks with enterprises in Phú Quốc. This way, difficulties are quickly resolved.
“We hold talks with enterprises to know what difficulties they are facing to find solutions, helping them to speed up their project's progress. This will also contribute to boosting enterprise's development," said Nguyen Van Hong, Chairman of Kien Giang People's Committee
Phú Quốc is now attractive not only because of its tourism potential but also because of the favourable conditions created for investors by the local authorities and national government.
