VinGroup launches US$2.8 billion super tourism resort entertainment complex on Vietnams Phu Quoc

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Vietnam real estate development giant VinGroup has officially launched its long-awaited new US$2.8 billion resort in Phu Quoc.

Phu Quoc United Center, located in the north of the island and described as a super tourism resort entertainment complex, opened Thursday covering more than 1,000 hectares and provides around 12,000 hotel rooms across a number of 5-star hotel brands.

Coming at a cost of VND66 trillion (US$2.85 billion), it includes Vietnams largest theme park, VinWonders Phu Quoc, plus an animal conservation park, 18-hole Golf Course, a shopping and entertainment precinct, MICE facilities, multimedia shows, 24-hour street markets and a hospital.

The development also comprisesCorona Resort & Casino opened in January 2019 by Ph Quc Tourism Development and Investment Companyand still the only casino in Vietnam at which locals are allowed to gamble.

With a diverse ecosystem to meet high-quality life in addition to a large-scale and world-class entertainment industry, Phu Quoc United Center will not be merely an entertainment complex but a top resort, business and luxury product in Vietnam, VinGroup said in a recent statement.

The Sleepless City model of Phu Quoc United Center not only lays the foundation for night-time economic development of Vietnam but also marks a step forward, turning Vietnam into a new international destination on the world tourist map.

The launch of VinGroups new Phu Quoc resort comes shortly after one of its subsidiaries, leisure and hospitality firm Vinpearl Co, announced aproposal to develop a new US$2.2 billion integrated resort, including a casino, on Hon Tre Island in Khanh Hoa Province. If approved, the development would also offer a 1,200 room 5-star hotel, convention center and a transportation system, plus preparation of an area for development of more 5-star and 6-star hotels.