Phu Quoc Economy

Phú Quốc is famous for its two traditional products: fish sauce and black pepper. The rich fishing grounds offshore provides the anchovy catch from which the prized sauce is made. As widely agreed among the Vietnamese people, the best fish sauce comes from Phú Quốc. The island name is very coveted and abused in the fish sauce industry that local producers have been fighting for the protection of its appellation of origin. Pepper is cultivated everywhere on the island, especially at Gành Dầu and Cửa Dương communes. The pearl farming activity began more than 20 years ago when Australian and Japanese experts arrived to develop the industry with advanced technology. Some Vietnamese pearl farms were established at that time including Quốc An.

Tourism plays an important role in the economy, with the beaches being the main attraction. Phú Quốc was served by Phú Quốc Airport with air links to

Phú Quốc Airport was closed and replaced by the new Phú Quốc International Airport from December 2, 2012. Phú Quốc is also linked with Rạch Giá and Hà Tiên by fast ferry hydrofoils.

Many domestic and international projects related to tourism have been carried out, including the latest direct flights from Bangkok to Phú Quốc by Bangkok Airways, which could make Phú Quốc a new tourist hub in Southeast Asia.

With the combination of Vinpearl Phú Quốc Resorts and the opening of the new Vinmec Phú Quốc International Hospital in June 2015, Phú Quốc will add an additional source of revenue to the local economy in terms of medical services, medical tourism, and medical education.

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