Log in
Business

Phu Quoc turns into Southeast Asia’s must-go destination of tourists and investors

The presence of large-scale projects is considered a strong driving force to promote Phu Quoc tourism industry.

The establishment of a super tourism complex is expected to turn the southern province of Kien Giang, where is home to famous tourism island of Phu Quoc, into a hub of tourism and services in the country and Southeast Asia.

 The Grand World Phu Quoc. Photo: Vingroup

“The number of arrivals to Phu Quoc island in recent weeks has been increasing as they are interested in a series of newly-established tourism-entertainment projects. They make the island become “the first-ever sleepless city” of Vietnam,” Nguyen Van Hanh, a local tour guide, told Hanoitimes

One of the projects is prominent Phu Quoc United Center, a super complex being developed by the Vietnamese conglomerate Vingroup, with a total investment of more than VND66 trillion (US$2.85 billion). It is expected to be comparable to global tourist hotspots like South Korea’s Jeju, Singapore’s Clark Quay, Las Vegas in the US.

As soon as the information about the launch of the 1,000-ha project was released, Hanh received many bookings including rooms and tickets to visit the super complex overnight.  

Driving force for Phu Quoc tourism

According to Hanh, Phu Quoc had no night-time hotspots, excepting for Duong Dong night market. The Grand World, part of the complex, is expected to be the place of a lot of night activities for visitors to have fun.

This April, nearly 400 domestic and international brands launched their facilities in the place, including restaurants and shopping streets, the bustling entertainment centers of Venice, Shanghai, Kstreet and Phu Quoc night market, street festivals, Teddy Bear Museum, 3D multimedia show featuring Vietnamese traditional culture.

Pham Thi Tu Quyen, Director of John’s Tours Company said the project will make visitors extending their stay by at least a day to visit and experience night activities.

The increasing number of visitors has required increasing tour guiding service. From April 29 to May 2, about 80% of hotel rooms are full of bookings at some resorts and accommodation establishments in Phu Quoc.

Phu Quoc Island Tourism and Events Co., Ltd, receives up to 4,000 bookings to the island montly. Especially during the holidays of April 30 and May 1 this year, the number of visitors to Phu Quoc is estimated to double, Lam Thi Diem Tram, the company's Director said.

Many tour guides have moved from Ho Chi Minh City to Phu Quoc Island. “The city is lacking of human resources to meet the surge,” Hanh said. “This place is a very strong driving force to promote Phu Quoc tourism industry.”

 The super complex is expected to boost the night-time economic model in Phu Quoc Island. Photo: Vingroup 

Huynh Van Son, Director of Sea Star Saigon JSC, said that the “sleepless city” will be the first piloting model according to the prime ministerial Decision 1129 meeting the expectation of all secondary investors and tourists. 

The presence of world class leisure facilities and infrastructure like the project will help speed up the realization of the strategy to develop Phu Quoc city into a high-class tourism and service center of the country and the region, according to Huynh Quang Hung, Chairman of the Kien Giang Provincial People’s Committee.

Over many years, the island's incentives have attracted huge investments from both local and international investors, with more than 320 investment projects worth US$14.7 billion, according to the local authority. 

In which, there are 47 projects put into operation with total investment capital of VND13.6 trillion (US$558.5 million). About 75 projects are under construction (of which 15 projects have been partially exploited) worth VND158.4 trillion (US$6.8 billion).

In 2020, total arrivals to the city were estimated at 1.39 million, reaching only 46.3% of the province’s target, due to the impact of the Covid-19 pandemic.

Reactions:
Share:
Trending
Most Viewed
Related news
CNN lists best things to do in Phu Quoc

CNN lists best things to do in Phu Quoc

09 Jul, 14:38

Phu Quoc, a 222-square-mile island in the Gulf of Thailand, has welcomed rapid development and an ever-growing list of direct flight connections.

Vietnam honors 50 transparent listed companies as stock market reaches new milestones

Vietnam honors 50 transparent listed companies as stock market reaches new milestones

Vietnam honored 50 listed companies for excellence in transparency at the 2025 Vietnam Listed Company Awards, which spotlighted standout annual reports, corporate governance and sustainability disclosures amid rising foreign investor interest and growing alignment with international reporting standards.

Vietnam to tighten biometric authentication for new bank cards next year

Vietnam to tighten biometric authentication for new bank cards next year

Bank card issuers must conduct a face-to-face meeting and match the biometric data of individual customers or the legal representative of organizational customers with their identity documents.

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Vietnam will host the seventh National Forum on Vietnamese Digital Technology Enterprises on December 25 in Hanoi, highlighting policy directions, strategic technologies and progress under the “Make in Vietnam” initiative as the country pushes toward a stronger digital economy.

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

At the Moscow–Hanoi Business Forum, leaders from both capitals said 75 years of Vietnam–Russia ties provide a strong foundation to deepen economic and investment cooperation, especially in technology, trade and urban development.

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam’s manufacturing sector continued to expand in November, marking the fifth straight month of improvement, even as severe storms caused supply-chain delays and slowed production, according to S&P Global.

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Hanoi’s Hoan Kiem pedestrian street will host Techfest Vietnam 2025 from December 12 to December 14, welcoming entrepreneurs, investors and the public to explore emerging technologies and celebrate the country’s growing culture of innovation.

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

The Vietnam Women’s Entrepreneurship Support Program has surpassed nearly every target set for 2017–2025, empowering more than 118,000 women to launch new ventures and laying the groundwork for a stronger, more inclusive entrepreneurial ecosystem in the next decade.

HHTIP accompanies businesses in efficient energy use for sustainability

HHTIP accompanies businesses in efficient energy use for sustainability

As green transition becomes a decisive factor shaping future growth, Hanoi is intensifying efforts to push energy efficiency across its industrial zones. The city’s management board is building a development model centered on clean energy, responsible production and sustainable operations.