The Mekong Delta province of Kien Giang has granted investmentcertificates to 20 new projects looking to develop Phu Quoc Island in2014, raising the total number in the area to 194.
The authorities of Phu Quoc island district have introduced manypolicies to solve difficulties facing investors and enterprisesoperating in the locality.
Phu Quoc has proposed thatthe Prime Minister establish a Phu Quoc Economic Zone and issue clearguidelines for the development of the island.
Accordingly, investors running projects on the island will receive thehighest support for industrial parks, export processing zones andeconomic zones.
During the 2014-2015 period,investment will be poured into building the transport system on theisland, including a major axis connecting the northern and southernsections with roads around the island, in addition to an airport and aseaport. There are also to be a number of projects on socio-economicdevelopment, health care, education and the urban environment.
Investors in and outside the country are also being encouraged toinject money into building waste and sewage treatment systems,high-quality hospitals, and training centres for the trade and tourismsectors.
Work to protect theenvironment and deal with climate change and rising sea levels inconnection with tourism development will be promoted during the period.
Kien Giang province’s authorities willalso focus on amending, adjusting and completing plans to strictlymanage land resources suitable with its socio-economic developmentplans.
Phu Quoc Island posts an annualeconomic growth rate of over 24.5 percent, a 5.2-fold increase from 2004when the Prime Minister approved its overall development plan. Its percapita income in 2013 is estimated to reach 70.3 million VND (3,500USD).-VNA
The authorities of Phu Quoc island district have introduced manypolicies to solve difficulties facing investors and enterprisesoperating in the locality.
Phu Quoc has proposed thatthe Prime Minister establish a Phu Quoc Economic Zone and issue clearguidelines for the development of the island.
Accordingly, investors running projects on the island will receive thehighest support for industrial parks, export processing zones andeconomic zones.
During the 2014-2015 period,investment will be poured into building the transport system on theisland, including a major axis connecting the northern and southernsections with roads around the island, in addition to an airport and aseaport. There are also to be a number of projects on socio-economicdevelopment, health care, education and the urban environment.
Investors in and outside the country are also being encouraged toinject money into building waste and sewage treatment systems,high-quality hospitals, and training centres for the trade and tourismsectors.
Work to protect theenvironment and deal with climate change and rising sea levels inconnection with tourism development will be promoted during the period.
Kien Giang province’s authorities willalso focus on amending, adjusting and completing plans to strictlymanage land resources suitable with its socio-economic developmentplans.
Phu Quoc Island posts an annualeconomic growth rate of over 24.5 percent, a 5.2-fold increase from 2004when the Prime Minister approved its overall development plan. Its percapita income in 2013 is estimated to reach 70.3 million VND (3,500USD).-VNA
