Reasons That Phu Quoc Island Attracts Major Investors

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Natural beauty of Phu Quoc, the policy mechanisms and long-term orientation are reasons why this island attracts many major investors.

2015 is considered to be a difficult year for the tourism industry as the number of tourists coming to Vietnam decreased compared to the previous year and also the first year that the number of tourists coming to Vietnam decreased since 2009. However, in the general context, there is an island in Vietnam goes upstream as seen in the number of tourists increased by 30%. That’s Phu Quoc Island.

Every day, Phu Quoc has 50 coming and going flights. In the first 6 months of 2016, the number of tourists traveling to Phu Quoc has reached 1 million. Within 5 recent years, Phu Quoc Island has attracted large number of investors, in which among them there are almost all of the largest investors in Vietnam in the field of resort tourism.

Phu Quoc Island is known as the jewel in the southwestern sea areas of Vietnam. Phu Quoc Island has 27 large and small islands with the natural area of nearly 600km2, which is nearly equal to the natural area of Singapore. With this location, Phu Quoc is only 2 hours fly to capital cities of ASEAN countries, connecting by sea with the ASEAN countries that have sea, locating on the important maritime transportation and marine tourism axis, which is axis of Singapore – Thailand – Vietnam – Northeast Asian countries.

Phu Quoc Island has a coastline of 150km with beautiful and famous white sandy beaches. Phu Quoc Island has nearly 100 mountains and 36,000 hectares of forests with diverse ecosystems. Forest coverage accounts for over 60% of the area of Phu Quoc.

In particular, although Phu Quoc is island but there are abundant freshwater resources to ensure social and economic development of the island and a rich and unique marine ecosystem. In addition to the natural ecological tourism, Phu Quoc has unique features in terms of social and culture which are the famous pepper, fish sauce and pearl farming production.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

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