Hong Kong businesses interested in Phu Quoc Island

The permanent deputy head of the Steering Committee for the Southwestern Region, Nguyen Phong Quang, was received by the Secretary of the Development Bureau of Hong Kong (China), Paul Chan, and met representatives of the territory’s General Chamber of Commerce on May 26.
The permanent deputy head of the Steering Committee for the SouthwesternRegion, Nguyen Phong Quang, was received by the Secretary of theDevelopment Bureau of Hong Kong (China), Paul Chan, and metrepresentatives of the territory’s General Chamber of Commerce on May26.

Quang briefed the hosts on the outstandingachievements gained by Mekong Delta localities, affirming that theregion holds an extremely important position in Vietnam’s socio-economicdevelopment strategy.

The Mekong Delta regionneeds foreign investments to develop agriculture in order to promote itsadvantage as Vietnam’s largest rice granary, he stated.

The Vietnamese official mentioned the master plan to build Phu QuocIsland in Kien Giang province into a special economic zone. This drewthe attention of many Hong Kong businesses.

President of the General Chamber of Commerce, Jonathan Choi, andbusiness representatives questioned Quang about investment in Phu Quoc,declaring that this could be a very good opportunity for Hong Kongcompanies.

Quang thanked them for their interestand introduced them to Vietnam’s preferential policies for investors inthe Mekong Delta region and Phu Quoc; particularly those related toentry procedures and corporate income tax.-VNA

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