The Prime Minister has recently approved the plan on Vietnam’s island economic development up to 2020. It is estimated that total investment needs for the island system from now to 2020 is approximately VND162.5 billion. Of which, the 2011 – 2015 period needs about VND 51.8 trillion.

The objective of the plan is to create fundamental and steady-state changes in the islands’ economic structure, formation and development of some key industries in accordance with the advantages of the islands; strive to raise the level of islands’ economic contribution to the economics from 0.2% at present to 0.5% by 2020 and economic growth reaches an average of 14-15% / year. To achieve that goal, the islands focus on investment in development of advantageous sectors such as fishery, tourism ... The plan clearly shows the key islands of the development priorities including: Con Dao (Ba Ria -Vung Tau), Phu Quoc (Kien Giang), Van Don (Quang Ninh), Co To-Thanh Lan (Quang Ninh), Cat Ba- Cat Hai (Hai Phong), Ly Son (Quang Ngai), Phu Quy (Binh Thuan).

Lam Phuong