The island is now home to 194 projects covering an area of 8,530 ha, said Head of Office for Southwest Steering Committee Nguyen Thanh Hai.

Phu Quoc is striving to create a favorable environment for investors by upgrading infrastructure, especially road system and water supply and disseminating its preferential investment policies.

The island’s business environment has been given a big boost after it was connected to the national power grid earlier this year.

Especially, after PM Nguyen Tan Dung agreed on the establishment of the Viet Nam-Singapore Industrial Park on the island, Kien Giang province has set up a advisory investment and development team for projects on the island.

The locality said it will encourage Singaporean investors to invest in ecological tourism and high-tech industrial parks on the island.

As early as in 2004, the PM already approved an overall plan for development of Phu Quoc Island until 2020. The island will be built into an international trade center as well as a national and international high-end ecotourism and entertainment centre, fostering Viet Nam’s integration in the regional economy.

Source: intellasia.net