Phu Quoc Island in the southern province of Kien Giang will be turned into a tourism and commercial hub for the country and the region, according to a decision recently signed by Prime Minister Nguyen Tan Dung.

According to the decision, Vietnamese individuals and organisations, Overseas Vietnamese and foreign investors are encouraged to invest in the island. Fields of investment range from infrastructure, industry, urban development, and seaports, to trade, tourism, finance, and banking.

In particular, foreign investors will be allowed to provide international telecom services for the island.

The decision is expected to boost the development of Phu Quoc in the near future.

With over 56,000 sq. km in area, Phu Quoc is known as a place rich in potential in seafood production and tourism. (VNA)