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Business trends

Vietnam's 'last paradise' intends to challenge Phuket and Bali

Vingroup carves a modern-day Venice into the island of Phu Quoc

Vingroup's Grand World resort on the island of Phu Quoc is designed to lure tourists from Southeast Asia's more established resort islands. (Photo by Tomoya Onishi)

HANOI -- Developers on Phu Quoc -- an idyllic island in the Gulf of Thailand, off the coast of Cambodia and known as "the last paradise of Vietnam" -- have designs on developing the jewel into a major tourist resort.

Expectations are growing that the island, long a leading producer of nuoc mam fish sauce, will attract large numbers of tourists. But first it will have to overcome various obstacles, some that are being erected by the COVID-19 pandemic.

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