The island, 10km off the coast of Cambodia, is expected to open for a trial period of six months, the government said in a statement issued late on Thursday.
Fully vaccinated tourists with a negative coronavirus Test will be eligible to visit Phu Quoc, the statement said, adding they could fly to the island on chartered or commercial flights. At the same time, lockdowns in recent months have prompted companies to suspend operations. August industrial output fell 7.4% from a year earlier, while exports were down 5.4% and retail sales plunged by 33.7%.
Neighbouring Thailand has already partially reopened to foreign tourists, including on the resort island of Phuket, where about 70% of the population were required to be vaccinated.