Local authorities are urging Swiss-backed Trustee Suisse Group to get a move on with its mega tourism project on Phu Quoc Island.
Kien Giang People’s Committee recently announced it had set deadlines for Trustee Suisse and its local partner – Vinaconex R&D Corporation – to sign off on a detailed master plan of their Asia Pearl tourism project and land compensation and resettlement plans. The investors have been told to submit a detailed investment plan to the local authority within one year, while the deadline for the land compensation and resettlement plan is six months from August 22.
Phu Quoc, 120 kilometres off the coast of Kien Giang in Vietnam’s south, is home to 75 projects capitalised at around $2.2 billion. The provincial authority has also given in principle agreement for 180 other projects in Phu Quoc Island.
By Nhu Ngoc
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