Ashui.com | Hội Quy hoạch Phát triển Đô thị Việt Nam

Monday
Jun 18th
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home English News

News

Over 90 projects on Phu Quoc Island cancelled

Over 90 projects on Phu Quoc Island cancelled

Kien Giang Province authorities say that they have cancelled 93 projects on Phu Quoc Island, with a total area of 5,500 ha. These projects are stopped because the investors could not find funding, were weak at financial capacity, were unable to implement the projects, carried out the projects slowly or did not implement projects and some projects are no longer suitable with the development plan of Phu Quoc Island. 

In the whole island, the total number of valid projects is 201, with a total area of 8,900 ha. Of these, 81 projects were granted with valid investment certificates, covering 3,800 hectares, with a total capital of VND88 trillion, of which 13 projects are operating and 11 are being implemented. The remaining projects are completed investment procedures. 

Kien Giang authorities say that the province is urging investors to quickly implement their projects. The province pledged to create favorable conditions for the investors. 

Earlier this week, Kien Giang Chairman Le Van Thi also signed documents on the cancellation of a number of projects in Phu Quoc, including the tourism project "Pearl of Asia" in Rach Tram of the Trustee Suisse Group and Vinaconex.

Phu Quoc is the largest island in Vietnam. Phu Quoc and nearby islands, along with distant Tho Chu Islands, is part of Kien Giang Province as Phu Quoc District, the district has a total area of 574 square kilometres and a permanent population of approximately 90,000. The district of Phu Quoc includes the island proper and 21 smaller islets. The district seat, Duong Dong, is located on the west coast, and is also the largest town on the island. The economy is centered around fishing, agriculture and a fast-growing tourism sector.

Phu Quoc is famous for its two traditional products: fish sauce and black pepper. The rich fishing grounds offshore provides the anchovy catch from which the prized sauce is made. Pepper cultivation is located inland in the center of the island. More recently a pearl farm was established.

Tourism plays an important part of the economy with the beaches being the main attraction. Phu Quoc is served by Phu Quoc Airport with air links to Ho Chi Minh City's Tan Son Nhat Airport and Ha Tien's Rach Gia Airport. Phu Quoc Airport was closed and replaced by the new Phu Quoc International Airport from December 2, 2012. Phu Quoc is also linked with Rach Gia and Ha Tien by fast ferry hydrofoils./. 

 

Bridging gap for financial centre

Bridging gap for financial centreProperty developer Dai Quang Minh has been named the investor for a pedestrian bridge over the Saigon River linking Ho Chi Minh City’s business dist...

SBV: VND30 trillion for housing assistance loans

SBV: VND30 trillion for housing assistance loansThe State Bank of Vietnam (SBV) has announced it is making VND30 trillion ($1.44 trillion) available to five commercial banks to offer soft loans to h...

$270 mln plan proposed for airport near Mui Ne beach

$270 mln plan proposed for airport near Mui Ne beachThe coastal province of Binh Thuan’s government has proposed setting up a new airport near its famous Mui Ne beach.  The province has worked w...

No quick fix for low-cost housing

No quick fix for low-cost housingThe Ministry of Construction's proposal to allow housing developers to convert commercial housing projects into low-income housing could benefit both ...

Nation still a tasty target

Nation still a tasty targetSingaporean investors are still expressing optimism about opportunities to invest in Vietnam, despite global economic woes and the local real estate d...

Nam Long looks for a bigger share

Nam Long looks for a bigger shareVietnamese property developer Nam Long is banking on its newly-listed shares becoming blue chip items of desire.  The Ho Chi Minh City-based gro...

Green design to open doors

Green design to open doorsPresident Place office building in Ho Chi Minh City has already pre-leased half of its space ahead of its formal opening of April 10—a sign that "gr...

Foreigners to capitalise on poor property scene

Foreigners to capitalise on poor property sceneForeign developers can be expected to once again dominate the real estate transaction market in 2013, industry insiders claim. Luong Tri Thin, chair...

Vietnam property developers default on land-use fee

Vietnam property developers default on land-use feeMany property developers have been defaulting on land-use fees since 2011 amid the massive downturn in the housing market.  Tien Phong newspaper...

Slow reforms dog property firms

Slow reforms dog property firmsFrustration is growing among real estate developers who were expecting a faster deployment of Resolution 02/NQ-CP’s reforms designed to revive the l...
Trang 4 trong tổng số 22
Bảng quảng cáo

Tìm kiếm

Tạp chí

Sách

Xanh hóa Châu Á / Greening Asia

TP. Hồ Chí Minh: MEGA City (2017)

Hiện có 970 khách Trực tuyến

Quảng cáo