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Vietnam weighing Phu Quoc special economic zone plan

Xinhua, August 4, 2015 Adjust font size:

The plan on establishing Phu Quoc Special Economic Zone in Vietnam's southern Kien Giang province is being considered by the government, before being submitted to the National Assembly and the Political Bureau, local newspaper Thanh Nien (Young People) reported Tuesday.

To date, 164 investment projects, including 21 overseas- invested ones, with combined capital of nearly 169 trillion Vietnamese dong (7.5 billion U.S. dollars) have been licensed to operate in Phu Quoc, Vietnam's largest island.

Le Van Thi, chairman of the Kien Giang People's Committee, said since January, on average, Phu Quoc receives 3,000 visitors. The government has recently approved a mechanism for construction of an entertainment complex with a casino on the island.

Phu Quoc welcomed roughly 600,000 tourists in 2014, up nearly 40 percent against 2013. It is striving to become an international eco-tourism and resort center. Endi