Since the Prime Minister approved an overall development scheme for Phu Quoc in 2004, the area has seen rapid development, with a new international airport and seaports and an average annual economic growth of 22 per cent.
More tourists also headed to Phu Quoc, with the number of visitors increasing by about 13 per cent per year. Consequently, the fields of trade and services, construction and transport (sea, air and road) all saw hasty development.
A VND8.1 trillions (US$389 million) Government bond will be invested in the main North-South routes around the island, Nguyen Trung Truc Bridge and An Thoi Port.
According to a recent decision by the Prime Minister, the Government will also invest in roads connecting the main routes with the route around the island as well as residential areas.
Local authorities have also proposed several strategies for attracting investment into new projects in the island district.