Vietnam Economic Development Strategy Part 1 : Phu Quoc economic zone

Vietnam Economic Development Strategy 

Part 1 : Phu Quoc economic zone

The Prime Minister has issued a decision on the establishment of the Phu Quoc Economic Zone, whose area totals 58,923 hectares, in the southern province of Kien Giang.

According to Decision 31/2013/QD-TTg, the coastal economic zone covers the whole area of Phu Quoc Island district, encompassing Duong Dong town, An Thoi town and the eight communes of Cua Can, Ganh Dau, Bai Thom, Ham Ninh, Cua Duong, Duong To, Tho Chu and Hon Thon (including the islands to the south of An Thoi).

The economic area will include a duty free zone, encompassing An Thoi Port and Phu Quoc Airport. The remaining area outside of this zone will serve tourism and services, and port logistics.

It will also include an industrial area, urban and residential zones, an administrative section and others.

The economic zone's organisation, operation and policies will follow the Investment Law. The decision, which was signed on May 22, will come into effect on July 10.

Phu Quoc is one of Viet Nam's tourist attractions set with beautiful white-sand beaches and quaint fishing villages.

More tourists headed to the island since the international Phu Quoc airport became operational in December last year.

Resource from:

25 May 2013

http://vietnamnews.vn/economy/239839/phu-quoc-to-be-economic-zone.html