Highlights of Phu Yen investment promotion

Phu Yen has strengthened its investment appeal on several fronts this past year

Establishing the Centre for Industry-Trade Promotion and Energy-Saving

Vice-chairman of Phu Yen People’s Committee, Tran Huu The decided to establish the Centre for Industry-Trade Promotion and Energy-Saving (under the Department of Industry and Trade) by merging the Centre for Industry and Trade Promotion with the Centre for Industrial Consulting and Energy Saving. The purpose is to advise the Director of the Department of Industry and Trade on promoting industrial and trade development, deploying the application of scientific projects on energy saving, as well as ensuring new forms of energy for production and daily life. The centre will also train the energy-saving team, offer consultancy on industry, trade, and energy saving in the province.

Adjusting space for hi-tech agricultural park

Phu Yen People’s Committee announced Decision No.2138/QD-UBND on adjusting the investment policy of the project of levelling and site clearance compensation to create a land fund for Phu Yen High-tech Agricultural Park (phase 1). According to the Decision, the current area is 50.36 hectares, with investors already having made commitments to advance funds for compensation and site clearance for 27.79ha, and still more investors registering to invest in the area to implement compensation for land clearance which will be paid by investors in advance (about 10.88ha out of the remaining 22.57ha). The decision also approved the N2 route to create favourable conditions for traffic connectivity between projects that have been putting into operation and increasing investment attraction.

Investing in sorghum

The board of management of Phu Yen Hi-tech Agricultural Park has granted the investment certificate to Tin Thanh Group's Tin Thanh High-Tech Agriculture Complex for seed production and processing sweet sorghum. The project has the total investment capital of VND90.3 billion ($3.9 million) aiming to build a raw material area of sweet sorghum in order to restructure the agricultural sector and create a strategy to develop sustainable agriculture, contributing to increasing the income of farmers in the province.