The development of Phu Yen province has been shown through steady steps in many important sectors, improving the province's position, attracting more investment capital.
|Phu Yen has made steady progress in 2019 |
Phu Yen Industrial Zone attracts eight new investment projects
The board of management of Phu Yen Industrial Zone said that in 2019, the province attracted eight new projects with the total investment capital of VND71 billion ($3.1 billion) and a total area of more than 4.7 hectares. By the end of 2019, industrial zones in Phu Yen drew in a total of 110 projects with the area of over 416ha, worth $524.2 million and $30.6 million in total registered investment.
75 of these projects have been completed and put into operation and the remaining 35 projects are completing the procedures to begin implementation. The total production value reached VND6.3 trillion ($273.9 million), up 10 per cent over the same period. The total export value reached $137 million, up 18.7 per cent. Enterprises contributed VND132 billion ($5.7 million) to the state budget and created jobs for 8,029 labourers.
Electronic tax refunds for the first time
According to Phu Yen Department of Taxation, in 2019, this unit solved 553 tax refund applications, refunding a total of nearly VND680 billion ($29.57 million). It is notable that all VAT refund records were received, processed, and returned electronically by the tax authorities, meeting the requirements of administrative reform as well as helping businesses save time, travel costs, and have more capital for production and business.
Welcoming 1.8 million visitors in 2019
In 2019, there were more than 1.8 million tourist arrivals to Phu Yen, reaching 110.9 per cent of the annual plan, up 13.7 per cent over the same period in 2018. Total arrivals exceeded the magical 1 million mark, up 22.3 per cent. Tourism revenue stood at VND1.94 trillion ($84.35 million), up 24.6 per cent over the same period in 2018.
So far, the province has over 200 tourist accommodations, 45 more than in the same period in 2018. There were about 4,130 rooms, more than 900 of which meet three or five-star standards. The number of employees in tourism is 5,525 people.
Developing tourism in cooperation with Dong Nai
In Tuy Hoa city (Phu Yen province) on December 27 last year, a conference on tourism development cooperation between Phu Yen and Dong Nai took place. At the conference, the delegates discussed issues related to the tourism strengths of the two provinces, as well as the limitations that need to be overcome to advance cooperation between the two localities and tourism businesses.
Accordingly, the key contents of cooperation are exchanging information on planning, market situation, tourism products, and tourism development policies of each locality.