Business allowed to join development of South Phu Yen EZ

October 18, 2021 | 09:00
Phu Yen has adjusted the general construction planning for South Phu Yen Economic Zone until 2040 and 12 projects have been approved by the provincial People’s Committee to allow investors to approach, research, survey, and make plans.
Business allowed to join development of South Phu Yen EZ
Business can join component projects of South Phu Yen EZ

Out of 12 projects, four are based in Tuy Hoa city and the others in Dong Hoa town in Phu Yen.

By 2025, investment will be made in technical infrastructure for the route connecting National Highway 1A at Dong My to Hoa Hiep 1 Industrial Zone; Phuoc Tan-Bai Nga route; develop infrastructure for Hoa Tam Commune Resettlement Area; and a number of technical infrastructure projects in the Southern New Urban Area of Tuy Hoa.

The target of the master plan is to build an economic zone (EZ) to suit the national maritime development strategy and Vietnam's marine economic development strategy.

Besides, the master plan concretises strategic policies for the EZ in the socioeconomic development orientations of the government for the key economic region of Central and South-Central Vietnam, as well as specify development orientations for the planning of South Phu Yen-North Khanh Hoa.

The province targets to build and develop this EZ into a multi-functional general EZ with a focus on high-tech industries and industries attached to seaports, creating a socioeconomic breakthrough in the region, linking the provinces of the South-Central Coast and the Central Highlands.

Nguyen Xuan Hung, head of the South Phu Yen EZ Authority stated that by the end of October, the EZ attracted over 120 projects with the total investment capital of $10.7 billion, 33 projects of which are under construction.

By Viet Huong

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