UK company starts work on luxury resort on Vietnam’s Phu Quoc Island

December 18, 2014 | 10:06
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A British firm on Tuesday began building a five-star resort onPhu Quoc Island, administered by the southern province of Kien Giang, the second deluxe project to be started for the last ten days on Vietnam’s largest island.

The Star Bay project is developed by Starbay Vietnam Co. Ltd., owned by Starbay Holdings Ltd. from the UK, and is scheduled to open in 2016.

Hoa Binh Construction and Real Estate Co. Ltd. is the design and building contractor of the first phase of the resort, located to the north of the island, which consists of a 250-room hotel and 50 bungalows.

This is the first project Hoa Binh, a Vietnamese firm, is in charge of both designing and building, which will create convenience for the developer and contractor during its implementation.

On December 6, Hoa Binh also started work on a JW Marriot hotel project as part of the high-end Bai Khem Mat Troi Phu Quoc retreat.

The company had won a VND72 billion (US$3.39 million) contract to build eight blocks of the JW Marriot hotel.

The 138-hectare Bai Khem Mat Troi Phu Quoc project will also comprise hotels operated by other famous brands including InterContinental, Sofitel, and Pullman.

The project is expected to be one of the leading ecotourism destinations in Vietnam, according to the Vietnam News Agency.

Renowned globally as a paradise-like island, Phu Quoc covers 589.23 km² off the southern province of Kien Giang. Administratively speaking, the island is classified as a district administered by the Kien Giang administration.

Vietnamese Prime Minister Nguyen Tan Dung has approved a plan to develop Phu Quoc into a special economic-administrative region administered by the central government by 2020, according to the Phu Quoc District website.

To that end, the government has created exclusive mechanisms for Phu Quoc, and the island is also enjoying the highest-ever preferential treatments to have its traffic, infrastructure, and energy systems developed up to its potential.

The island, now a popular destination for retreats with its white-sand beaches and high-quality seafood, is attracting increasing investment as it transforms from a resort island into an economic hub.

Phu Quoc has lured around 200 investment projects spanning 8,768 hectares, the Vietnam News Agency said, citing the island’s project management board.

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