Following Novotel Phu Quoc Resort with nearly 400 rooms, CEO Group continues to launch 96 Novotel Villas with 350 rooms, making the Group become the second largest investor in Phu Quoc in terms of five-star hotel rooms.
More than that, in May, CEO Group organized the ground-breaking ceremony for Best Western Premier Sonasea Phu Quoc project with 549 condotels and 16 villas. The project is expected to complete by the end of next year, raising the total number of hotel rooms in the Sonasea Villas & Resort complex to 1,500 units.
 
An unprecedented race
 
Like many other large corporations facing these potential business opportunities, CEO Group has accelerated its investment into Phu Quoc. The resort projects, large entertainment complexes, the longest sea-crossing cable car, the first casino which may allow Vietnamese gamers, etc. are forming in the North and South of the Island. Many international hotel brands such as JW Marriott, Accor, InterContinental, Melia, Movenpick, etc. also have appeared on this beautiful island.
 

 
Phu Quoc is becoming the most attractive resort investment place in the country

Phu Quoc is emerging as the most attractive resort investment place in the country, accommodating 193 projects which have been licensed and accepted investment policy with total capital of VND215,194 billion. 30 projects with total investment capital of VND 49,143 billion have been put into operation and 24 projects with total capital of VND103,408 billion are under construction.

Phu Quoc attracts not only enterprises but also individual investors, 85% of whom come from Hanoi, making real estate more and more alluring day after day. Budget capital is also poured into infrastructure projects such as VND2,000 billion project to double the airport capacity to 5 million passengers per year, VND5,500 billion project to build the North- South axis and bypass, over VND 1,600 billion project to build international passenger port, etc.

"Sooner or later, Phu Quoc tourism will boom”

It is difficult to find a beautiful island with year-round tourism like Phu Quoc. Moreover, Phu Quoc’s strategic location costs it only 2 hours to reach the tourist market of 700 million people and an additional hour to reach the market of over 1 billion people. Under the Government’s policies, Phu Quoc is the only place in Vietnam which allows 30-day visa exemption for international visitors flying directly to the island.
According to Mr. Doan Van Binh, Chairman of CEO Group, "sooner or later, Phu Quoc tourism will boom."
 
Growth capacity of a potential special economic zone
Currently, preferential policies for investment in Phu Quoc have outperformed the whole country, such as land rent exemption during the construction period, 10% corporate income tax instead of 22% nationally, 50% personal income tax reduction.
Phu Quoc has great advantages of becoming the first special zone on account of heavy investment into the infrastructure system, of which the state budget for the 2004 – 2016 period has reached VND 25,460 billion. In particular, Phu Quoc has attracted 254 registered projects with a huge total investment capital estimated at VND 377,836 billion. Potential investors are eagerly waiting for Phu Quoc to become a special zone to promote their investment, thereby increasing the attractiveness to visitors as well as pushing real estate price on this island.

On July 30 in Hanoi, CEO Group will officially launch another five-star project in Bai Truong – Best Western Premier Sonasea Phu Quoc

With the bright future of Phu Quoc, CEO Group confidently gives a profit commitment of 100% in 10 years to purchasers of five-star Best Western Premier Sonasea Phu Quoc Resort, which is a very attractive margin for condotel products in Phu Quoc market today.
It is more attractive that the condotel prices of CEO Group are still lower than those in developed or saturated resort real estate markets like Da Nang and Nha Trang. Therefore, the investors are eagerly looking forward to its official launching in Hanoi at the end of July 2017.
 
Located on the "five-star beach" which accommodates various five-star projects such as Novotel Phu Quoc Resort, InterContinental, Sheraton, Melia, Pullman, Best Western Premier Sonasea Phu Quoc promises to bring not only a wonderful resort experience but also offer double benefits to investors, which include attractive annual cash flow and potential increase in asset value when the Pearl Island becomes a special economic administrative zone in the near future.