Phu Yen actively "attracts" investment after strategic planning

Developing Phu Yen based on the province's advantages and differences

On March 3, in Phu Yen, Deputy Prime Minister Tran Hong Ha presented the Prime Minister's decision approving the planning of Phu Yen province for the 2021-2030 period, with a vision to 2050.

"The province is committed to accompanying investors in the process of researching and implementing the project, and will create the most favorable conditions in terms of policies and investment and business environment within the legal framework," Mr. Tuan stated.

According to the plan, Phu Yen develops based on the province's unique characteristics in terms of natural resources and culture. Evaluate and analyze the unique characteristics, find out the province's own advantages compared to other provinces in the Central Coast region.

In which, identify product industries, characteristics, differences, high economic value and competitiveness in marine economy, industry, tourism and high-tech agriculture.

Breakthrough development of coastal areas; rapid and sustainable development of plains and mountainous areas; narrowing the gap between dynamic areas and areas with difficult socio-economic conditions.

Development is based on diversifying resources, considering internal resources as the foundation, using external resources to create breakthroughs, focusing on harmonizing development drivers. Maximizing the human factor associated with improving the quality of human resources; actively perfecting institutional and infrastructure conditions to effectively mobilize all resources for development.

Closely link socio-economic development with strengthening national defense and security. Build a strong political system. Expand foreign relations, proactively integrate internationally to create a favorable environment for socio-economic development cooperation.

By 2030, Phu Yen strives to become a province with modern and sustainable development. The economy develops based on the advantages of the sea with the following pillars: Industry (metallurgy, refining, petrochemicals, energy, etc.); high-quality tourism services; high-tech agriculture; maritime transport and logistics.

Successfully implement digital transformation goals, develop digital economy, significantly improve the business investment environment, become an attractive investment destination for large domestic and foreign enterprises. Have a synchronous and modern economic and social infrastructure network. The material and spiritual life of the people is improved, the living environment is improved; political security, social order and safety are maintained, national defense and security are strengthened.

By 2050, Phu Yen will become a province with a diversified and prosperous economy; developing at a fairly good level compared to other localities in the country. Being a marine economic center of the Central Coast region; having a smart, green, sustainable, and unique urban system, in which coastal urban areas attract tourists and have a livable environment for the region and the whole country. The infrastructure system is synchronous and modern.

Take tourism and industry as the core of development

According to the plan, Phu Yen will arrange new development space, in accordance with the general orientations and goals of socio-economic development according to the principle: "One auxiliary belt - Two development corridors - Three key development areas".

For the key areas in the North, tourism and marine economy will be developed. In particular, Song Cau town is the center connecting to the northern and western regions of the province, the service and tourism center of the North of Phu Yen, connecting with Quy Nhon city (Binh Dinh province) to create opportunities for linking tourism development and other services; focusing on investing in developing Xuan Dai Bay tourist area towards the high-end, resort and specialized tourism segment.

The key southern region develops metallurgy, refining, petrochemical, pharmaceutical industries, clean energy industries, production of products associated with digital technology, processing and manufacturing industries, seaports, tourism...

Dong Hoa area is the gateway connecting with economic centers in the region, the Central Highlands, the whole country and internationally. Tuy Hoa city is the central urban area of Phu Yen province. Dong Hoa area is the industrial and logistics center of the province, developing the Southern Phu Yen Economic Zone in the direction of service, industrial and logistics urban areas, linking with the Northern Van Phong economic zone; to the north of Tuy Hoa city, priority is given to developing high-class resort areas, areas concentrating on regional educational and training facilities.

Event - Phu Yen proactively 'attracts' investment after strategic planning — The announcement ceremony of the decision on the general planning of Phu Yen province for the period 2021 - 2030, with a vision to 2050 took place on the morning of March 3.

The key Western area develops trade and services, high-tech agriculture, raw material areas associated with processing factories and tourism development.

The sea and coastal areas are oriented to become multi-industry, multi-functional economic areas, the locomotives of economic development of the province with Tuy Hoa City and Dong Hoa town becoming the main growth poles.

Building the South Phu Yen Economic Zone into one of the major industrial and seaport centers of the Central Coast and Central Highlands; improving service quality and building the brand of the national tourist area of Xuan Dai Bay; attracting investment in the Vung Ro area, O Loan lagoon, Xuan Dai bay, Cu Mong lagoon, Ganh Da Dia - Hon Yen - Bai Xep tourist cluster to become a national-scale tourist area and gradually upgrading to international standards.

Also according to the approved planning, by 2030, Phu Yen province will have 18 urban areas including: 1 type I urban area (Tuy Hoa city); 1 type II urban area (Song Cau city); 1 type III urban area (Dong Hoa town); 6 type IV urban areas (Cung Son, Phu Thu, Tuy An, La Hai, Hai Rieng, Phu Hoa urban areas); 9 type V urban areas (Tan Lap, Son Long, Son Thanh Dong, Hoa Tri, Xuan Phuoc, Xuan Lanh, Tra Ke Son Hoi, Hoa My Dong, Phong Nien urban areas.

At the conference to receive the decision to approve the planning, Chairman of Phu Yen Provincial People's Committee Ta Anh Tuan said that the province will comprehensively innovate investment promotion work in a proactive direction, seeking and inviting large, strategic domestic and foreign investors to introduce and promote the investment environment, potential, and advantages of the province according to the list of priority projects calling for investment so that they can approach and study investment. The province is committed to accompanying investors in the process of researching and implementing projects, and will create the most favorable conditions in terms of policies, investment and business environment within the legal framework .

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