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Government urges completion of Phu Quoc SEZ project

Released at: 14:25, 15/04/2015

Government urges completion of Phu Quoc SEZ project

Kien Giang province told to finish special economic zone as soon as possible.

by Gia Bao

Deputy Prime Minister Nguyen Xuan Phuc has directed the Mekong Delta's Kien Giang province to quickly complete the project establishing the Phu Quoc Special Economic Zone (SEZ).

At a recent meeting a provincial representative reported to the Deputy Prime Minister that the province's Gross Regional Domestic Product (GRDP) increased 9.51 per cent in 2014 and per capita income reached VND47 million ($2,175).

Mr. Phuc asked Kien Giang to continue to innovate for development, restructure its investment and economy to drastically improve its business environment, and enhance local competitiveness.

Phu Quoc Island is located off the western coast of Kien Giang, with an area of 589.23 square kilometers. As at the end of 2014 it had attracted 200 projects on a total of 8,768 hectares. Many large projects have been developed on the island, such as the Phu Quoc International Airport and the An Thoi International Seaport. In 2014 its tourism sector earned VND2,228 billion ($102.5 million) in revenue, an increase of 84 per cent over 2013.

In September last year the Prime Minister decided to recognize Phu Quoc as a Grade 2 Urban Area, with the objective of turning it into a special economic zone, an eco-tourism center, and a financial hub for the country and for Southeast Asia.

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