News

A Swiss firm is seeking approval to build a huge tourism complex in Vietnam.

Trustee Suisse has put forward proposals to build a £1.3 billion financial and tourism district on the island of Phu Quoc.

Officials say that the firm is seeking approval from the government before work can begin on the project which would have a massive effect on island life.

'Trustee Suisse has just asked to invest in the island, but because its investment request is very big, and will involve in financial services, we need to seek approval from prime minister Nguyen Tan Dung," Nguyen Lan Anh, an official in the province's investment cooperation department, told Thanh Nien News.

The proposals cover a 2,000-hectare site and include various hotels and recreational facilities which would go a long way to attracting tourists to a country which is already growing in popularity among travellers.

Mr Anh also revealed that a number of other firms are keen to invest in developments on the island.

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