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NEWS UPDATES Asean Affairs   September 27, 2018  

Phu Quoc aims to become special economic zone

The Phu Quoc administration seeks to make the island a special economic zone, a local official said.

Mai Van Huynh, Chairman of the Phu Quoc District People’s Committee, said to achieve such target the district would continue to review and solicit investment in more projects, tweak investment incentives and preferential policies and streamline administrative processes to attract investors.

Tourism, commerce, healthcare, education, and high-tech agriculture would be the main pillars of socio-economic development, he said.

The district has improved land administration, planning, mining, and environmental protection, and cracked down on violations, Huỳnh added.

According to the management of the Phu Quoc Economic Zone, the district has 279 potential projects, 215 of them in tourism, 23 in housing, eight each in agriculture, public services and forestry.

The total investment in the projects is worth VND361 trillion (US$15.4 billion)

Of them, 241 involving total investment of VND14.75 trillion ($633.37 million) have received approval with 36 already getting under way.

Phú Quốc is attracting more and more visitors and investors.

Since 2015 it has received 4.7 million visitors, 20.5 per cent of them foreigners. The average revenues from tourism have been increasing by 42.5 per cent.

Pham Van Nghiep, deputy chairman of the People’s Committee, said eight airlines fly to Phu Quoc International Airport and operate 12 international routes to Russia, China, Korea, and Thailand and also fly to Ha Noi, Hai Phong, HCM City and Cần Thơ.

This would enable Phu Quoc to promote international co-operation and attract more foreign investors, he said.

The island aims to make tourism a key economic sector by continuing to develop eco-tourism, community tourism and others, he said.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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