Kien Giang
Phu Quoc island economy—5.9M visitors (2024), VND 21.17T tourism, Corona casino (VND 1.73T taxes but losses), APEC 2027 preparations.
Kien Giang runs on Phu Quoc's beaches and casino. The island welcomed 5.9 million tourists in 2024, generating VND 21.17 trillion (84% of provincial tourism revenue). H1 2025 saw 4.5 million visitors (up 33%) and VND 21.6 trillion revenue (up 92.6%). Phu Quoc—"World's Leading Island and Beach Natural Destination" for the fourth time—hosts 274 tourism projects across 9,500 hectares.
Corona Resort & Casino created 2,000 jobs and paid VND 1.73 trillion in taxes, but posted VND 300+ billion losses in H1 2024 after local gambler restrictions. The government now reconsiders reopening to Vietnamese players; the operator raised VND 2.4 trillion in bonds for refinancing. Vinpearl, Novotel, and Marriott anchor the hospitality cluster alongside Vietnam's only sea-crossing cable car.
Provincial tourism targets: 10.7 million visitors by 2025 (900K international), VND 38,000 billion revenue, 13%+ GRDP contribution. APEC Summit Week 2027 infrastructure preparations accelerate development. Maritime routes to Cambodia, Thailand, and Malaysia are under study. By 2026, Kien Giang tests whether casino policy reversal can stabilize the island economy.