The strong transformation of the pearl island

More than 20 years ago, Phu Quoc was still an island district surrounded by dense forests and red soil, the fishing villages around the island were still quite sparsely populated and had a low standard of living. On the largest island in Vietnam at that time, tourism also developed moderately with only about 55 accommodation establishments operating.

The important milestone that helped Phu Quoc from an unpolished rough gem to become the most attractive island on the planet was when the Prime Minister issued Decision 178 on October 5, 2004, approving the "Overall Project for the Development of Phu Quoc Island, Kien Giang Province to 2010 and Vision to 2020" towards becoming a high-quality, regional and international eco-tourism and resort center.

After 20 years since the project was implemented, Phu Quoc has achieved many important development milestones such as becoming a type II urban area on September 17, 2014. On March 14, 2025, Phu Quoc was officially recognized as a type I urban area under Kien Giang province at the announcement ceremony of Decision 199 of the Prime Minister.

Upgrading to a class I urban area is a solid launching pad for Phu Quoc island city in its journey of rapid development in the coming time.

As a leading tourist destination, Phu Quoc currently has 700 accommodation establishments with many projects reaching 4 and 5 star standards, surpassing many tourist cities in the region. The pearl island also welcomes up to 6 million visitors in 2024, including nearly 1 million international visitors.

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Many large-scale real estate projects and 4-5 star accommodation facilities have appeared in Phu Quoc. Photo: Vinpearl

In the field of investment, by the end of 2024, Phu Quoc City has attracted 274 tourism projects, accounting for 86% of the whole province.

Many transport and urban infrastructure projects have been upgraded and completed, such as Phu Quoc International Passenger Port, Phu Quoc International Airport expansion, An Thoi seaport, waste treatment projects, clean water supply, wastewater treatment, urban beautification, etc.

Along with that, Phu Quoc will build many projects to serve international events to prepare for hosting the APEC 2027 summit week.

Potential for breakthrough after the golden milestone

The Asia-Pacific Economic Cooperation (APEC) Summit is considered an event that brings breakthrough opportunities to the host countries. In addition to the leaders of the countries, this event also attracts 20,000 - 40,000 businessmen, businesses, tourists... to the host locality during its duration. The Gyeongbuk Development Institute (South Korea, host of APEC 2025) estimates that the APEC event has brought in 97.2 billion won (670 million USD) and created more than 7,900 jobs for the locality.

In particular, to welcome this landmark event for the economy, the hosts have invested in upgrading transport infrastructure, tourism and urban appearance. Therefore, being selected as the APEC venue and becoming a class I city will simultaneously help Phu Quoc improve its ranking in all aspects, attracting strong public and private investment flows in the period before and after 2027, especially in the real estate sector.

On the current Phu Quoc real estate investment map, Phu Quoc United Center - a super international-class resort, entertainment, shopping and conference complex in the northern part of the island is one of the attractive destinations for cash flow to the pearl island during the golden period.

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Phu Quoc United Center contributes to increasing Phu Quoc's attractiveness on the international tourism map. Photo: Vingroup

This super complex of over 1,000 hectares has gradually turned Phu Quoc into a new world destination when it converges world-class projects such as VinWonders Phu Quoc, Vinpearl Safari Phu Quoc, the "city that never sleeps" Grand World, the only Teddy Bear Museum in Vietnam and a series of top shows... This place is also an attractive destination for MICE guests (meetings, conferences) thanks to the system of 1,500-seat theaters and the most modern 2,000-seat conference center.

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The super complex converges many unique, large-scale utility complexes, meeting all the needs of tourists. Photo: Vingroup

Phu Quoc United Center also attracts cash flow thanks to unique Festi-Mashup festival real estate products, ready to be exploited to catch the wave of growth with the island city. These are FestiHome - 4-star resort apartments that bring stable cash flow from accommodation activities, FestiShop - multi-functional townhouses that help increase revenue from business activities to VIP cards with many Festication incentives so that investors can experience the service before deciding to invest.

Combined with the most attractive sales policies on the market, such as interest rate support, rental commitment, preferential discounts... depending on each type, Phu Quoc United Center is a convergence of the most competitive investment opportunities on the pearl island. This is the golden time for domestic and foreign investors to take the lead in the new cycle of the Vietnamese real estate market, associated with the outstanding development milestones of Phu Quoc class I urban area - the destination of APEC 2027.

The Dinh