Southern Kien Giang province has so far licensed 21 investment projects worth 1.72 billion USD in the resort island of Phu Quoc, including two wholly foreign-owned projects and two joint ventures. In all, those projects cover 1,000 ha along the island’s eastern and western coastline. Several of them have been put into operation, contributing to the island’s growth rate of 16 percent for the past three consecutive years.
The Ministry of Planning and Investment said that it had granted licenses for 66 projects to invest abroad US$1.217 billion worth of total registered capital, while adjusting licenses for nine projects to invest abroad with supplementary capital of US$95.121 million in the first nine months of this year.