Phu Quoc (Kien Giang, Vietnam), September 4, 2015 – The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) signed an agreement-in-principle on financing and providing banking services to Sun Phu Quoc’s cable cars and amusement parks project in Hon Thom - Phu Quoc and Vinpearl Phu Quoc complex project (Phu Quoc - phase 3).

​Through the evaluation of the economic efficiency of the two projects, the developers’ financial capacity, experience, management and the output market, BIDV and Vinpearl Phu Quoc and Sun Phu Quoc agreed to enter into an agreement-in-principle on financing and providing banking services. BIDV will also provide banking products and services to assist the developers to complete the projects on schedule.

Vinpearl Phu Quoc - Vinpearl Villas Phu Quoc complex project (Phu Quoc - phase 3) has a total estimated investment value of about VND2,000 billion with maximum loans of about 80%. The project will consist of 500 villas for sale and rent with more than 1,000 5-star rooms, and fully-equipped and modern facilities: outdoor swimming pools, Vincharm Spa, 27-hole golf course; Vinpearl Land recreation park; Vinmec international hospital.

The project after completed will contribute to improve the quality of tourism services in Phu Quoc, gradually meeting the needs of tourists to Phu Quoc in the future (number of tourists is estimated to reach 2-3 million by 2020 and 7 million by 2030).

Cable cars and amusement parks project in Hon Thom - Phu Quoc with total estimated investment of about VND10,000 billion with maximum loans of over 7,000 billion will be built in An Thoi town and Hon Thom commune, Phu Quoc, Kien Giang Province. Output of the project is an 8km-long 3-string cable car system connecting An Thoi and Hon Thom (the world's longest cable system crossing the sea, with 06 cable pillars. The cable car system will be capable of serving 2,000 guests per hour, each cabin can accommodate up to 30 guests) and 379.34-hectare entertainment zone in Hon Thom including: Theme Park Zone; villas (for sale and rent), Presidential Compound; 5-star Boutique Hotel; 4-star Family Hotel; Backpack Hotel; 3-star hotel; restaurants, bars, clubs, Spa; F&B, BOH, shopping and retail services; marine sports games, etc.

Mr. Tran Bac Ha, Chairman of BIDV, said: “Given the developers’ capacity to build and operate, BIDV believes that the cable cars and amusement parks project in Hon Thom - Phu Quoc and Vinpearl Phu Quoc - Vinpearl Villas Phu Quoc complex project (Phu Quoc - phase 3) will be quickly completed and put into operation as scheduled, create jobs for local people and contribute to the economic and tourism development of Phu Quoc in particular and Kien Giang province in general”.

Reference Information

Bestowed with favorable natural conditions, Phu Quoc has great potential for economic and tourism development in Mekong Delta region with many beautiful beaches spanning over 150km, 99 hills and primary forests and rich flora and fauna system. Phu Quoc also has many beautiful natural sites like Bai Thom, Bai Khem, Da Bang spring, Tranh spring, making it different from neighboring islands. Bai Dai Beach topped the list of potential beaches and was voted as one of the most beautiful beaches in the world by media agencies as well as foreign tourists.

Phu Quoc has good infrastructure with Phu Quoc international airport, 110 kV underground cable line system, Phu Quoc international passenger port amongst others which are expected to be completed in the near future.

For more information, please contact:

Branding and Public Relations

Bank for Investment and Development of Vietnam JSC

Tel: (+84)4 2220 0485

Hotline: 19009247

Website: www.bidv.com.vn