With diversified terrain, the central coastal province of Phu Yen has favourable conditions to develop farm produce. In light of agricultural restructuring, the province has developed specialised farming zones planting sugarcane, cassava, rubber and pepper, along with building processing factories, in a bid to create a supply chain raising products’ values.
In 2001, Indian-invested KCP Vietnam Company Ltd. built a 42 million USD factory in the mountainous district of Son Hoa, with daily capacity of 2,500 tonnes of sugar. To date, the company has built one more factory in Đồng Xuân district, helping raise total capacity to 10,000 tonnes per day.
Subbaiah – General Director
KCP Vietnam Company Ltd.,
We have been facilitated while investing in Phu Yen. We have worked with more than 10,000 local households. Thanks to fine relations with local workers and authorities, we have raised capacity by four times.
Tourism is another of Phu Yen’s spearhead sectors. With a long coastline of nearly 200 km and an ocean of landscapes such as Ganh Da Dia (the cliff of Stone Plates), Ô Loan lagoon, Xuân Đài Bay, the province holds huge potential for developing sea and resort bio-tourism.
The primitiveness and plentiful tourist products have turned Phu Yen into an attractive destination. In 2017, the number of tourists to the locality reached 1.4 million, helping earn more than 522,000 USD.
Secretary of Phu Yen Provincial Party Committee via Chairman of Phu Yen People’s Committee, Huynh Tan Viet said "We hope that investors will pay more attention to investing in Phu Yen. The province is committed to creating best conditions for and accompanying investors doing business in the locality."
In 2011-2017 alone, Phu Yen received 284 investment projects with total registered capital of more than 5.92 million USD. It is anticipated that with its strengths in conjunction with the local government’s efforts, Phu Yen will be an open door to potential investors in the future.-VNA
