Phu Yen seeks investment

The southern central province of Phu Yen delivered a call for VND18.99 trillion (US$926.3 million) of investment for 24 key projects during a investment promotion conference held in the province on Monday.

This huge investment capital would contribute towards various sectors including transport, seaport, industrial zones and urban development, agriculture, seafood, processing and tourism.

The event also witnessed nine memorandum of understandings (MoUs) inked between head of the provincial Phu Yen Economic Zone Management Board Truong Phuoc Cuong and investors.

As a result of the MoUs, investors will pump VND7.45 trillion ($363 million) into nine projects.

Among the projects are a VND2.2 trillion ($107 million) highway linking Tuy Hoa Airport and Ganh Da Dia (A popular tourism spot) and the infrastructure construction of a 320ha non-tariff zone valued at VND1.4 trillion ($68.2 million).

To facilitate investment, Phu Yen has adopted numerous incentives for domestic and foreign investors. Provincial leaders also meet with investors once every six months to discuss difficulties in production and business.

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