Phu Yen to create favourable conditions for FDI projects

Vung Ro refinery oil plant in Phu Yen (Photo:Internet)

Phu Yen (VNA) – The central province of Phu Yen will create favourable conditions for the implementation of foreign direct investment (FDI) projects, according to Hoang Van Tra, Chairman of the provincial People’s Committee.

He made the remark during a meeting with foreign businessmen, experts and volunteers on January 30 on the occasion of the Lunar New Year (Tet).

Tra said the province will focus on meeting investors’ requirements, as well as realising commitments and preferential policies in accordance with regulations.

Foreign investors expressed their wish that Phu Yen will continue developing infrastructure and high-quality workers.

So far, the province has attracted 42 foreign-investment projects with a registered capital of 4.72 billion USD. Of these, 28 projects worth 307 million USD have been put into operation.

The investment sectors are mainly sugar, pharmaceutical products, beverages, mining and tourism.

The province has attracted a number of big investment projects, including a logistics complex for Vung Ro refinery plant, a maize cultivation project under France ’s Invivo NSA group and a Japanese-invested tuna processing plant.

Last year, the province’s FDI projects earned 2.2 trillion VND in revenue (105 million USD), contributing 183 billion VND (about 8.3 million USD) to the State budget and creating stable jobs for 4,300 local workers.-VNA