Phu Quoc island city in the southern province of Kien Giang and Yeonsu-gu city of the Republic of Korea (RoK)’s Incheon province signed a development cooperation agreement in the Vietnamese locality on May 16.
Kien Giang (VNA) - Phu Quoc island city inthe southern province of Kien Giang and Yeonsu-gu city of the Republic of Korea(RoK)’s Incheon province signed a development cooperation agreement in theVietnamese locality on May 16.
Chairman of the People’s Committeeof Phu Quoc city Huynh Quang Hung briefed Korean guests on the socioeconomicsituation of Phu Quoc, dubbed “The Pearl Island.”
With its advantages, Phu Quoc is ahighlight, helping spur development of the MekongDelta region and the country at large, he said.
Located about 45km from Kien Giang’s Ha Tien city,which is near economic hubs in Southeast Asia, Phu Quoc would become a specialeconomic zone, he continued, stressing the city’s strengths in terms of labour,service and production costs.
The island has lured more than 300 projects worthsome 17 billion USD so far, mainly in tourism. It is planned to house 13 major touristsites and many other entertainment areas.
It is expected to be a centre forhigh-end tourism and services, and a science-technology centre of the nationand Southeast Asia, and develop as a special economic zone,serving as development momentum of Kien Giang and the nation as well, he said.
The participating Korean firms shared the view onthe attractiveness of Phu Quoc, and its opportunities and incentives to bothdomestic and foreign investors.
Lee Jae-Ho, Yeonsu-gu’s mayor, expressed his hope fortwinning with Phu Quoc to create trade opportunities between the two sides. Hisview was shared by the host official.
The Korean delegation is scheduled to hold a workingsession with Sun Group, and experience Kiss The Stars, a multimedia show hosted at sea near Phu Quoc on May 17-18./.
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At the signing ceremony (Photo: VNA) 
