Want to be in the loop?
subscribe to
our notification
Business News
PHU QUOC-GUANGZHOU AIR SERVICE IN THE OFFING
Hung told the Daily that after a recent survey trip to the resort island, representatives of China Southern Airlines have agreed with the local government and the authority of Phu Quoc International Airport about the plan to start Phu Quoc-Guangzhou service from January next year.
The air carrier will use its Boeing or Airbus aircraft for three weekly flights on the route.
According to the airline, Phu Quoc Island is a good destination for Chinese tourists to visit as they like to enjoy seafood and swim in the ocean. The airline asked the locality to provide relevant information on laws, customs procedures, accommodation facilities, and travel services.
Hung said Phu Quoc welcomed 750,000 visitors in January-October and 30% of them were foreigners, up more than 44% over the same period last year.
The island is expected to serve 900,000 tourists this year.
There are over 6,000 hotel rooms on the biggest island in Vietnam and the figure will reach 15,000 by 2020, which can accommodate 2.5-3 million visitors per year.
Hung said Phu Quoc has so far attracted more than 200 domestic and overseas projects worth a total of VND168 trillion (US$7.57 billion) mainly in tourism and entertainment sectors.
Major projects include the 36-hectare amusement park and casino development worth US$4 billion (US$180.5 million) in Ganh Dau, the 500-hectare safari of Vinpearl Land, the tourism and entertainment complex worth VND16 trillion (US$721.9 million) invested by Sun Group on Hon Thom Island, and the international seaport of Duong Dong worth VND1.6 trillion (US$72.2 million).
Source: The Saigon Times
Related News
VIETNAM EYES 8% GDP GROWTH IN 2025
The State Bank of Vietnam (SBV) has been tasked with closely monitoring global and regional economic developments and adjusting monetary policies to align with shifts in major economies. The directive emphasizes reducing lending rates, managing deposit rates at commercial banks, and ensuring credit flows remain uninterrupted in early 2025.
GOVERNMENT MEMBER FOR 2021-2026 TERM
The 2021-2026 government term was recently consolidated after the 8th session of the 15th National Assembly. It consists of 27 members, including the Prime Minister, five Deputy Prime Ministers, and 21 ministers and heads of ministerial-level agencies.
EXCLUSIVE OFFER FOR HKBAV MEMBERS
Minimum order: 1 box (10 gift boxes per box; 6 gift bags per box)Free shipping on orders over 2 million VND (nationwide delivery across Vietnam)Volume discounts available for large orders
TOTAL FDI REGISTERED IN VIETNAM HITS 31.4 BILLION USD IN JANUARY-NOVEMBER
As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.
QUANG TRI TARGETS 6,000 MW WIND POWER CAPACITY BOOST
The central province of Quang Tri is seeking the Government’s approval to expand its wind power capacity by an additional 1,500-2,000 MW for onshore projects and 2,600-4,000 MW for offshore projects, according to the Vietnam News Agency.
CONFERENCE EXAMINES PROSPECTS FOR DIFFERENT INVESTMENT CHANNELS IN 2025
Experts shed light on the factors shaping different investment channels in 2025, from real estate to stocks and cryptocurrency, at the second panel discussion at VIR's conference "Investing 2025: Decoding Variables - Embracing Opportunities" on December 12.