Illegal constructions encroach Phu Quoc marine reserve area
Many tourism facilities have encroached illegally into Phu Quoc Island's 40,909-hectare marine reserve area, harming the ecosystem and its rare animals and plants in one of Vietnam's top tourist attractions.
Phu Quoc, Vietnam's largest island off the southern province of Kien Giang. Photo courtesy of Eventus Phu Quoc.
Phu Quoc's Party Committee Secretary Tong Phuoc Truong Tuesday asked for dismantlement of the illegal constructions that have infringed on the marine reserve area. The island administration also plans to stop all snorkeling activities in waters south of An Thoi.
In Cay Sao hamlet, Ham Ninh commune, local authorities have recorded three constructions in the ecological restoration subdivision of the Phu Quoc marine reserve area, including three leading bridges; restaurant area, fish raft area, a bar and 18 bungalows on an area of more than 2,000 square meters.
In the south of An Thoi islands (May Rut Trong and Roi islets), violations were seen in four sea embankment constructions and a pedestrian bridge.
These breaches were recorded in the administrative services and ecological restoration subdivision of the marine reserve area under the management of Phu Quoc National Park.
The Phu Quoc Marine Reserve is one of 11 marine reserves in the country. Its strictly protected area covers 7,000 hectares; ecological restoration has been earmarked for 11,500 hectares; a services-administrative area of nearly 10,000 hectares, and an established buffer zone of 12,500 hectares.
Phu Quoc, Vietnam's largest island off the southern province of Kien Giang, gained global renown after the government allowed 30-day visa-free entry to the island in 2014. The island received five million visitors in 2019, pre-pandemic time, 541,600 of them foreigners, according to official data.
In the first half of this year, the number of passengers to Phu Quoc reached nearly 1.4 million visitors, of which the number of international visitors was 46,200.
In July, Vietnam’s Phu Quoc and Con Dao were included in the list of top 10 islands in Southeast Asia as voted by readers of the Travel + Leisure magazine.
Phu Quoc, also known as “Pearl Island”, was named among the 17 best places in Asia by cable news network CNN in 2019. "The island is home to some of the most beautiful beaches in Southeast Asia and the world's longest overseas cable car," it said.
- Read More
Vietnam Education Publishing House strengthens cooperation with Malaysia’s Pelangi Publishing Group
Vietnam Education Publishing House (VEPH) met with Malaysia’s Pelangi Publishing Group in mid November to expand professional exchange and explore deeper cooperation in educational publishing.
Companies - Sun, November 23, 2025 | 12:21 pm GMT+7
French energy giant plans $500 mln investment in green Vietnam projects
French green hydrogen infrastructure developer HDF Energy is looking to invest $500 million in potential energy and transport projects across Vietnam, particularly the southern economic hub of Ho Chi Minh City.
Energy - Sun, November 23, 2025 | 11:29 am GMT+7
Vincom Retail estimated to book $72 mln profit from Hanoi mall sale: broker
Vincom Retail (HoSE: VRE), Vietnam’s leading retail property developer, is set to record an estimated VND1.9 trillion ($72 million) in profit after completing the divestment of its entire equity interest in a Hanoi project last month, according to a report by BSC Securities.
Real Estate - Sun, November 23, 2025 | 8:00 am GMT+7
Market watchdog conference in central Vietnam offers insight into amended securities law
A conference recently held by the State Securities Commission (SSC) in Danang briefed companies and market participants in central Vietnam on amendments to the Securities Law and guiding documents, as part of the authority's 2025 legal dissemination plan.
Finance - Sat, November 22, 2025 | 9:48 pm GMT+7
Central Retail incurs 6% drop in Jan-Sept revenue from Vietnam
Thailand’s top retailer Central Retail posted revenues of nearly THB35.48 billion ($1.09 billion) in Vietnam in the first nine months of this year, down 6.6% year-on-year due to exchange rate fluctuations.
Companies - Sat, November 22, 2025 | 3:32 pm GMT+7
Young leadership mindset drives SHB bank's next growth phase: exec
Young leadership would play a pivotal role as Vietnamese businesses navigate digital transformation and rising global competition, said Do Quang Vinh, vice chairman cum deputy CEO of Saigon-Hanoi Commercial Joint Stock Bank (SHB).
Banking - Sat, November 22, 2025 | 3:23 pm GMT+7
Stock market regulator holds final round of ESG-focused corporate governance contest in Hanoi
The final round of the “Vietnam ESG Challenge 2025”, a competition aimed at promoting sustainable development, modern corporate governance, and social responsibility among Vietnamese university students, took place in Hanoi on Monday.
Finance - Sat, November 22, 2025 | 10:16 am GMT+7
IFC, Vietnam's EVNNPT discuss investment in power transmission projects
Vietnam's National Power Transmission Corporation (EVNNPT) and the International Finance Corporation (IFC), a member of the World Bank Group, have discussed issues related to potential cooperation and investment in power transmission projects under the Power Development Plan VIII (PDP VIII).
Companies - Sat, November 22, 2025 | 9:23 am GMT+7
Earnings strength meets market consolidation
Global appetite for emerging markets is still cautious, constrained by high returns in developed markets amid geopolitical uncertainty, while pressure on the Vietnamese dong has been compounded by seasonal FDI profit repatriation, writes Minh Dang, head of research at Dragon Capital.
Economy - Sat, November 22, 2025 | 8:00 am GMT+7
Phat Dat pursues HCMC housing project after a decade as it restructures property portfolio
Phat Dat Real Estate Development Corp (PDR) has moved to acquire a 50% stake in AKYN Investment Trading Service JSC as part of efforts to revive a long-delayed residential project in central Ho Chi Minh City, the company said in a board resolution. Financial terms were not disclosed.
Real Estate - Fri, November 21, 2025 | 9:30 pm GMT+7
F88 wins dual workplace awards for 2025
Vietnam’s consumer finance major F88 has been named one of "Vietnam Best Places to Work" and a “Happiness at Work” enterprise for 2025.
Companies - Fri, November 21, 2025 | 4:07 pm GMT+7
European IP developer CTP plans large industrial-logistics project in northern Vietnam port city
CTP, a Dutch-led industrial park developer headquartered in the Czech Republic, is exploring a large integrated complex combining seaports, an airport, logistics facilities and industrial parks in the northern port city of Hai Phong.
Infrastructure - Fri, November 21, 2025 | 3:24 pm GMT+7
Vingroup to build $334 mln international port in central Vietnam
Vietnam's leading private conglomerate Vingroup will develop a modern, large-scale international port named Son Duong at the Vung Ang Economic Zone in Ha Tinh province.
Infrastructure - Fri, November 21, 2025 | 3:10 pm GMT+7
HCMC ready to operate International Financial Center: city authorities
Ho Chi Minh City has completed preparations across infrastructure, spatial planning, digital systems, organizational apparatus, and human resources to ensure Vietnam's International Financial Center can begin operating immediately after the Government issues its guiding decrees.
Economy - Fri, November 21, 2025 | 2:11 pm GMT+7
Hoa Phat Agriculture valued at over $450 mln ahead of IPO, ranking 2nd in Vietnam's livestock industry
Hoa Phat Agriculture Development JSC (HPA) has been valued at more than $450 million based on its newly announced IPO price, making it the second-largest company in Vietnam’s livestock industry after Masan MeatLife.
Companies - Fri, November 21, 2025 | 11:26 am GMT+7
Vietnam leads ASEAN in consumer optimism: UOB
Vietnam continues to lead the region in consumer optimism, driven by positive economic outlook and confidence in personal finances, according to the sixth edition of the ASEAN Consumer Sentiment Study (ACSS). UOB analysts offer an insight into their findings.
Economy - Fri, November 21, 2025 | 9:01 am GMT+7




















