Everland Group approved to adjust investment policy of 2 tourism projects in Phu Yen

On March 3, 2024, in Tuy Hoa City, the Conference to announce the Planning and Investment Promotion of Phu Yen Province in 2024 took place with the theme "Phu Yen - Aspiration for Development". Attending the conference were National Assembly Chairman Vuong Dinh Hue, Deputy Prime Minister Tran Hong Ha and 650 delegates who are leaders of central and local ministries, branches, businesses and investors.

According to the Phu Yen Provincial Planning for the period 2021 - 2030, with a vision to 2050 approved by the Prime Minister in Decision No. 1746/QD-TTg dated December 30, 2023, Phu Yen strives to become a province with modern and sustainable development by 2030. The economy develops based on the advantages of the sea with the pillars: industry, high-quality service tourism, high-tech agriculture, maritime transport and logistics. The average growth rate of gross domestic product (GRDP) in the period 2021 - 2030 is about 8.5-9%/year. The average GRDP per capita by 2030 is about 150 - 156 million VND. The multidimensional poverty rate will decrease to below 1.5% by 2030. Each year, new jobs will be created for 23,000 - 25,000 workers. The rate of people participating in health insurance is over 98%. The rate of communes meeting new rural standards is over 90%.

By 2050, Phu Yen will have a diversified and prosperous economy; developing at a fairly good level compared to other localities in the country. Phu Yen province will become the center of the marine economy of the Central Coast region; have 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 country; a synchronous and modern infrastructure system. Traditional cultural values are preserved, maintained, and effectively promoted.

The conference is also an opportunity for Phu Yen province to introduce and promote the province's potentials, advantages, and investment incentive policies and announce a list of 67 priority projects calling for and attracting investment. At this conference, Phu Yen province granted investment approval documents to 5 new projects and investment approval documents to adjust investment policies for 9 other projects, including 2 projects of Everland Group, "Xuan Dai Bay Trade, Service and Tourism Resort Complex" and "Vung Lam Resort" (Crystal Holiday Marina Phu Yen) in Song Cau town, with a total investment of 2,748 billion VND.

National Assembly Chairman Vuong Dinh Hue and Deputy Prime Minister Tran Hong Ha and leaders of Phu Yen province took souvenir photos and congratulated the investing enterprises. Leaders of Phu Yen Provincial People's Committee presented the Decision to adjust the Vung Lam Resort project to Mr. Le Dinh Vinh - Chairman of the Board of Directors of Everland Group ( standing in row 2, 6th from left)

12 km south of Song Cau town center, Xuan Dai Bay Resort and Crystal Holidays Marina Phu Yen project has an extremely favorable location, located right at the gateway to the national scenic relic of Xuan Dai Bay - one of the most beautiful bays in Vietnam, which is considered a "sleeping paradise" waiting to be awakened. In particular, these projects have a view embracing the special historical relic of Vung Lam - the place marking the first trade event between Vietnam and the United States in the 19th century. The location of the projects is also in the center of the famous cultural heritage and scenic area of Phu Yen province and the entire Central Coast region.

Overall perspective of Crystal Holidays Marina Phu Yen project.

Respecting and preserving nature, taking advantage of terrain, geology, landscape and indigenous cultural values, the Xuan Dai Bay Resort and Crystal Holidays Marina Phu Yen project is designed with the idea of recreating the Mediterranean fishing village of Santorini combined with an Asian fishing village. This will form a complex of high-end resort complexes, with beachfront villas, waterfront bungalows, castles on Ong Xa Island, a commercial area (shophouse), a 25-storey hotel with 520 5* standard rooms and a 9-storey hotel with 220 4* standard rooms along with countless amenities such as water parks, flower gardens, ornamental plants, walking paths, beaches... When put into operation, the Xuan Dai Bay Resort and Crystal Holidays Marina Phu Yen project will form a unique 4-6* synchronous resort complex in the Central Coast region.

Currently, Everland Group is speeding up the completion of legal procedures according to the adjusted contents in the investment policy approval to promptly start construction of the above two projects in 2024 and soon put them into operation to meet the needs of relaxation and entertainment of domestic and foreign tourists when visiting and relaxing in Xuan Dai Bay and Song Cau town.

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