Phu Quoc urged to become a special economic zone
(VOV) - The project to turn Phu Quoc into a special administrative-economic zone is under scrutiny at a seminar in Phu Quoc island district of Kien Giang province.
In his opening speech on September 16, Deputy Prime Minister Vu Van Ninh said Phu Quoc is a great potential island district. As early as in 2004, the Prime Minister already approved an overall plan for development of Phu Quoc island until 2020.
In order to make new breakthroughs in economic development, the political bureau of the party central committee has assigned the Government to formulate projects to build special economic zones such as Van Don in Quang Ninh province, Van Phong in Khanh Hoa province and Phu Quoc in Kien Giang province.
The Deputy PM asked the participating scientists and experts to consider every possibility of turning Phu Quoc into a special economic zone with new breakthroughs in terms of institutions and laws. Many argued about whether to build Phu Quoc into a city late this year or to focus on forming a special zone in the coming time.
They also emphasized the need to introduce the special economic zone law into the Constitution and build a mechanism for Phu Quoc to create competitive products in the international market.