Business

Phu Yen attracts over 4.5 billion USD in FDI

Some 40 foreign direct investment (FDI) projects worth over 4.5 billion USD have landed in the southern central coastal province of Phu Yen so far.
Phu Yen attracts over 4.5 billion USD in FDI ảnh 1A car manufacturing company in Phu Yen province. (Source: VNA)

Phu Yen (VNA) - Some 40 foreign direct investment (FDI) projects worth over 4.5 billion USD have landed in the southern central coastal province of Phu Yen so far, the provincial People’s Committee reported at a working session with a Foreign Ministry delegation on December 7.

The FDI projects have created jobs for nearly 4,800 local labourers, according to the provincial report. Demand for human resource is expected to surge in the coming time when some other projects become operational such as Vung Ro refinery project and top-end Phu Yen Sunrise tourism complex.

Meanwhile, several projects funded by official development assistance (ODA) with a combined nearly 472 billion VND (21 million USD) of investment capital are being carried out in transport, forestry and coastal resource development sectors.

Permanent Vice Chairman of the provincial People’s Committee Le Van Truc asked the Foreign Ministry to help in advertising the province’s potentials and attracting foreign investors to the locality.

For his part, Deputy Foreign Minister Le Hoai Trung pledged to continue assistance in external relation training for Phu Yen officials while introducing foreign organisations to the province.-VNA

VNA
#FDI projects #4.5 billion USD #jobs #ODA #potentials #investors Phu Yen
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