The Prime Minister on May 22 issued Decision No. 31/2013/QD-TTg on the establishment of the Phu Quoc Economic Zone in the southern province of Kien Giang on May 23.
Accordingly, the coastal economic zone covers the whole area of Phu Quoc Island district, encompassing Duong Dong town, An Thoi town and the eight communes of Cua Can, Ganh Dau, Bai Thom, Ham Ninh, Cua Duong, Duong To, Tho Chau and Hon Thon (including the islands to the south of An Thoi). The zone’s natural area totals 58,923 hectares.
The economic area will include a duty free section, encompassing An Thoi Port and Phu Quoc Airport . The remaining area outside of this zone will serve tourism and services, and port logistics. It will also include an industrial area, urban and residential zones, an administrative section and others.
The economic zone’s organisation, operation and policies will follow the Investment Law.
The decision will come into effect on July 10.-VNA