The Mekong Delta province of Kien Giang is seeking more than 4.85 trillion VND (208.5 million USD) in investment for three new projects on the island of Phu Quoc.

A corner of Phu Quoc island from above (Source: VNA) 

According to the Phu Quoc management board of economic zones, the island is inviting bids for Bac An Thoi high-end villa area which covers close to 53 hectares in An Thoi township. The project has total investment of more than 3.4 trillion VND and a building coverage ratio of 30 – 35 percent.

 The area for villas, business and services at Bai Truong tourist complex, Duong To commune needs approximately 1.07 trillion VND in investment. The project stretches across 11.24 hectares and has building coverage ratio of 20 – 25 percent.

 Bidders are also being invited to invest 372.5 billion VND in a 14.9-hectare domestic waste treatment plant at Bai Bon hamlet, Ham Ninh commune which has a designed capacity of 350 tonnes of waste per day.

 The province pledges to provide investors with incentives in terms of tax rates, corporate income tax, land and support in developing infrastructure.