The Unexpected Future of Vietnam’s Only Island City: Horse Racing, Casinos, and World-Class Resorts
With the newly approved plan, Phu Quoc is set to become a coastal island city, a hub for high-quality tourism and resort services that attracts both domestic and international travelers.
On February 29th, the People’s Committee of Kien Giang province announced the Master Plan for the development of Phu Quoc city until 2040. The plan does not include detailed drawings or designs for each specific area. Below is an AI-generated vision of the future urban development of Vietnam’s first island city.
Phu Quoc city, Kien Giang province, was established in January 2021 as the only island city in Vietnam to date, located in isolation within the Gulf of Thailand. This island not only has three sides bordering the sea but is also known for its beautiful and pristine beaches. Therefore, Phu Quoc has attracted a large number of tourists to visit and relax.
In November 2023, Deputy Prime Minister Tran Hong Ha signed a decision approving the province’s master plan for the period 2021-2030 with a vision towards 2050.
The cities of Rach Gia, Ha Tien, and Phu Quoc form the main triangle of urban, commercial, and service-oriented economic development. Among them, Phu Quoc is a center for high-quality services and eco-tourism, coastal resort tourism, a nationally and internationally renowned island, connected to major economic centers in the region and the world.
In recent years, exotic and unique fruits such as gold-plated coconuts, gourd-shaped pomelos, and red pomelos fit for royalty have become increasingly popular for the traditional Vietnamese New Year fruit tray. These unusual fruits add a touch of luxury and novelty to the annual Tet holiday celebrations, making them a sought-after commodity during the festive season.
The amended Electricity Law has introduced provisions for the temporary suspension and resumption of the day-ahead electricity market within the competitive electricity market at various levels.