The Hanoitimes - An international tourism complex including five-star hotels, convention centres and casinos will be built on Phu Quoc Island, authorities in southern Kien Giang province have announced.
At a recent meeting between the provincial administration and a working team led by Deputy Minister for Planning and Investment Dang Huy Dong, the Deputy Chairman of the Kien Giang People's Committee, Dang Cong Huan, said the tourism complex will be built on 135ha in Phu Quoc Island district's Bai Thom commune.
Huan said the casinos will be located on a 30,000-sq.m area adjacent to five-star hotels and resorts with a total of 2,500 to 3,000 rooms.
The complex will be a 100 percent foreign-invested project with a maximum duration of 70 years, with the casino licence valid for a maximum term of 30 years.
The investor in the tourism complex must be a company specialing in casino services, and must commit to an investment of over 4 billion USD, said Huan.
International consultants at the meeting said other entertainment services should be added to the complex.
They also said strong commitment from the Vietnamese Government would be needed for such a huge project.
Under the master plan for socio-economic development of Kien Giang province by 2020 approved by the Prime Minister on July 26, Phu Quoc Island will be developed into a centrally-administered special economic zone by 2020.
Vietnam's biggest island with a total area of 593sq.km, Phu Quoc is now part of Kien Giang province.
Under a 10-year-development plan, the province, situated 250km south of Ho Chi Minh City, will upgrade the stretch of National Highway 80 between Lo Te and Rach Soi, build a coastal road south of HCM City as well as the Ha Tien – Rach Gia – Bac Lieu Highway. These projects are expected to boost development of the Rach Gia and Phu Quoc airports.
By 2020, Kien Giang will establish the Kien Luong town and the Ha Tien city, as well as two new districts – Thanh Hung district from Giong Rieng town, and Soc Xoai from Hon Dat town.