Proposal on establishment of Phu Quoc administrative-economic zone approved

16:22 | 05/11/2017 Economy- Society

The People’s Council of the Mekong Delta province of Kien Giang on November 2 approved the proposal on the establishment of the Phu Quoc special administrative-economic zone and Ha Tien city.

At the session of the Kien Giang provincial People’s Council on November 2nd

The Phu Quoc Special Administrative - Economic Zone, known as the Phu Quoc Special Zone in short, will have an area of over 57,532 hectares, a population of 117,460, and nine administrative divisions that are transformed from two townships and seven communes.

The establishment of the Phu Quoc Special Administrative - Economic Zone is expected to make the best use of local advantages and attract investment, high technology and new advanced management to build a high-growth region and speed up economic restructuring and development.

Ha Tien city is established on the basis of Ha Tien town, with an area of more than 10,048 hectares and a population of 81,576 people. The city consists of seven administrative units at the commune level, including five wards and two communes.

The Standing Committee of the provincial People's Council emphasised the necessity of the establishment of Ha Tien city, meeting the aspiration of people of Ha Tien town in particular and Kien Giang in general, contributing to the local socio-economic development, improving both material and spiritual life of the locals, as well as firmly defending the seas and islands of the country.

In addition to Phu Quoc, the Government has decided to initially develop two other special administrative-economic units - Van Don in northern Quang Ninh province and Bac Van Phong in central Khanh Hoa.

Special administrative-economic units are magnet for investment, high technology and advanced management mode for the formation of a high growth area that generates more resources and accelerates local economic restructuring and development.

Theo NDO