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Phu Quoc island approves another 200 projects

May 16th at 13:20
16-05-2014 13:20:58+07:00

Phu Quoc island approves another 200 projects

Some 194 investment projects, mainly in tourism, have been granted licences on Phu Quoc Island in the southern province of Kien Giang from 2011 to now, according to the Phu Quoc Island Development Investment Board.

The projects will be built on an area of 4,214 ha with a total investment capital of VND101 trillion (US$ 4.7 billion). Of the 194 projects, 13 projects worth VND4.2 trillion have been completed and are operational, with 16 projects worth VND7 trillion under construction. The remainder of the projects are being finalising investment procedures.

Kien Giang Vice Chairman, Nguyen Thanh Nghi said that enterprises can enjoy many investment incentives that will be applied for the first time, such as preferential policies on land, corporate income tax, high-income earner tax and import taxes.

The island is expected to become a centre of tourism, science and technology in Viet Nam and Southeast Asia.

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