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Island development lures projects
Under the plan, the district would be transformed into an economic, tourism and administrative centre. The Duong Dong urban area, the districtfs administrative centre, would be expanded to 2,500ha where international trade and finance centres, as well as community and service facilities, would be located. In an aim to attract 2-3 million tourists each year, the district has so far attracted nearly 230 projects, most of them in tourism. To meet development demands, airports, ports and a transportation system are being built. More than half of the Duong To Airport project has been completed, and investors are preparing to build facilities like parking lots and access roads. Construction on the 950-ha airport began in November 2008 with total investment capital of VND16.2 trillion (US$852 million). Suong said if investment continued as planned, the airport was expected to be completed on time at the end of the second quarter of 2012. The Duong To airport is one of eleven projects being carried out on the island, while another 220 projects have been postponed. Pham Vu Hong, deputy chairman of the Phu Quoc Districtfs Peoplefs Committee, said the projects were postponed because the water, electric supply and transportation system was unable to meet the construction demands of investors. The delay of many projects was also due to the lack of capacity of certain investors, according to the Phu Quoc Island investment and development managing board. The chairman of the provincefs Peoplefs Committee said that it would cancel the licenses of projects that had been delayed without appropriate reasons. One of those projects, which would have been located in Cua Can Ward, was proposed by Quoc Do Trade, Tourism and Security Limited Company. The company was allotted land to build a tourism site in April 2007 and was asked by the provincial administration to build it within six months. However, although the district authority extended the project deadline many times, it was never carried out, and no reasons were given. In July 2007, the provincial authorities also approved a US$1 million 542-ha eco-tourism site owned by the Starbay Holdings Limited Company. However, the site for the project is still deserted for no apparent reason. Tran Kieu Hung, vice chairman of the Cua Can Wardfs Peoplefs Committee, said 19 tourism projects that had been on paper for many years had not been developed. The investors disappeared after they received the licences, Hung said. The authoritiesf decision to withdraw construction licences in the future would probably affect all of these delayed projects, he added.
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A master plan to develop Phu Quoc Island to 2030 is creating a lot of investor interest, the Construction Ministry and the Kien Giang Peoplefs Committee said. Bui Ngoc Suong, chairman of the local peoplefs committee, said the plan had been created by Vietnamese companies and the US-based design company WAGT.