Phu Quoc set to become tourism and commercial hub

Phu Quoc Island in the southern province of Kien Giang will be turned into a tourism and commercial hub for the country and the region.

According to a decision recently signed by the Prime Minister, Nguyen Tan Dung, Vietnamese individuals and organisations, Overseas Vietnamese and foreign investors are encouraged to invest in the island. The investment fields will range from infrastructure, industry, urban development and seaports to trade, tourism, finance and banking.

Foreign investors will be allowed to provide international telecom services on the island.

The decision is expected to boost the development of Phu Quoc in the near future.

With over 56,000 sq. km in area, Phu Quoc is known as having great potential for seafood production and tourism.