Multiple investment projects on Phu Quoc Island on holdThe Saigon Times Daily A bird’s eye view of Phu Quoc Island off Kien Giang Province – PHOTO: TTXVN HCMC – Phu Quoc Island off Kien Giang Province has seen multiple investment projects suspended and no new projects launched in the first six months of 2018, VietnamPlus reported. According to the Phu Quoc Economic Zone Management Board, the island had had 279 investment projects as of June 2018. Of these, 249 projects got granted investment certificates and in-principle approval, with a total area of over 9,000 hectares and registered capital of nearly VND270.5 trillion, whereas the remaining 30 projects are still in the investment registration process. Thirty-six projects, whose combined investment capital is over VND14.75 trillion, have been put into operation, and 35 projects worth VND95.731 trillion are being implemented. The other projects are working to complete their investment procedures. It can be … [Read more...] about Multiple investment projects on Phu Quoc Island on hold
Phu quoc island map
Evidence of Vietnam’s maritime sovereignty showed in Phu Quoc Island
Phu Quoc Island of the Mekong Deta province of Kien Giang is hosting a map and document exhibition, giving locals an insight into Vietnam’s sovereignty over the Hoang Sa (Paracel) and Truong Sa (Spratly) archipelagoes. The event was opened on July 5 by the Ministry of Information and Communications and the Command of Naval Region 5 at the latter’s headquarters in An Thoi township of Phu Quoc. The exhibits include copies of documents written in Han - Nom script, Vietnamese and French by Vietnam’s feudal dynasties and the French administration in Indochina from the 17th century to the early 20th century. They evidence Vietnam’s establishment, exercise and protection of its sovereignty over the two archipelagoes in the East Sea (South China Sea). Administrative documents issued by the Republic of Vietnam in the south from 1954 until it fell in 1975, and by the Socialist Republic of Vietnam since 1975 also demonstrate the exercise and protection of the … [Read more...] about Evidence of Vietnam’s maritime sovereignty showed in Phu Quoc Island
Phu Quoc Island Moves Upmarket with Grand Mercure Resort
The first Grand Mercure resort in Asia will open in Viet Nam late August 2006, the resort owner La Veranda and Accor, an international property managing group, announced at Press Conference in Ho Chi Minh City on July 19. The Accor-managed resort is named Grand Mercure La Veranda Phu Quoc, located at Duong Dong Beach on Phu Quoc, the biggest island of Viet Nam and part of the southern province of Kien Giang. "The first Grand Mercure resort in Asia will bring a new level of accommodation to one of region's hottest emerging beach destinations," said Mr. Patrick Basset, Accor vice president for South and Southeast Asia. Asked by the Sai Gon Giai Phong newspaper why Phu Quoc Island has been chosen, Basset said the island remains largely undeveloped and half of it remains forested with many deserted and unspoilt beaches. Phu Quoc Airport is served by four daily flights from Ho Chi Minh City taking under an hour to reach the island. "Phu Quoc provides good chances for adventure-loving … [Read more...] about Phu Quoc Island Moves Upmarket with Grand Mercure Resort
Vietnamese Phu Quoc fish sauce brand registered as Hong Kong’s
VietNamNet Bridge - A company in Hong Kong (Viet Huong Company) has registered Phu Quoc fish sauce as its exclusive trademark in Hong Kong, China. Meanwhile, the Vietnamese Phu Quoc Fish Sauce proves to be too slow in making reactions to the behavior. The US press once called Vietnamese Phu Quoc fish sauce a national treasurer which cannot be made in any other places in the world. Meanwhile, the national treasurer is now in the danger of losing into the hands of non-Vietnamese people. Lawyer Le Quang Vinh from Bross & Partners law firm on September 20, told Saigon Tiep Thi newspaper that the firm accidentally discovered that Hong Kong's Trading Company Ltd registered Phu Quoc fish sauce as its exclusive trademark. "On September 15, 2011, I worked out with the Kien Giang People's Committee on the Phu Quoc geographical indications and suddenly discovered that Phu Quoc fish sauce has been registered in Hong Kong, China. "The discovery makes us start. Prior to that, when … [Read more...] about Vietnamese Phu Quoc fish sauce brand registered as Hong Kong’s
Mammoth Phu Quoc project to roll ahead
Switzerland's Trustee Suisse Group is to continue rolling the dice with its mega tourism project on Phu Quoc Island, despite having its wings clipped by the authorities. Van Ha Phong, head of the island's Investment Management Authority, said the developer would continue pursuing the $2.6 billion Asia Pearl project even though it did not have permission to build casino and golf course segments. '"The project remains slow, but the developer has been actively mapping out the investment plan and complete administrative procedures. We appreciate that,'" said Phong. Trustee Suisse initially proposed Asia Pearl in 2007. The project, to cover 102 hectares, will be the island's largest tourism project. One year ago, Kien Giang People's Committee set deadlines for Trustee Suisse and its local partner ' Vinaconex R&D Corporation ' to finish a detailed master plan for the project and also a plan for land compensation and resettlement. The plans must be delivered before August 30, … [Read more...] about Mammoth Phu Quoc project to roll ahead