Welcoming the new fund investing in tourism
Updated : Monday, February 05, 2018 2:57 PM (GMT+0700)

Underthe theme "Phu Yen - Investment and Development Cooperation", the PhuYen provincial investment promotion conference in 2018 is organized by theProvincial People's Committee under the chairmanship of Prime Minister NguyenXuan Phuc. The Prime Minister and delegates witnessed the influx of investmentcapital in Phu Yen province in this year and the following years, many of themare the potential tourism projects.

PPC Standing Vice Chairman,Mr. Nguyen Chi Hien, handing over the policy of surveying
projects in Phu Yen province

Also at this conference, PPCChairman, Mr. Hoang Van Tra asserted that the local government will create allfavorable conditions and accompany with investors to implement the project withthe motto "The success of investors, business is the success of Phu Yenprovince”.

The first days of 2018 newyear, before, during and after the investment promotion conference, manyprojects have been in groundbreaking and constructed. The first project is RosaAlba Resort, which is invested by Thien Quang Fashion Joint Stock Company, onan area of ​​over 5.6 hectares in ward 9 (Tuy Hoa city). Rosa Alba Resort is anecotourism project, resort and rental villa associated with marine tourism;total investment of about VND 250 billion.

Viet Beach Luxury Resort andEcotourism invested by Tan Viet An House Trading and Investment Joint StockCompany was also in groundbreaking construction on this occasion. The projectis built on an area of ​​over 9.2 ha, total investment of about VND 200billion. Mr. Tran Duy Dung, General Director of Tan Viet An House Trading andInvestment JSC, said that the project would be completed after two years ofconstruction. When put into operation, the Viet Beachluxury resort and ecotourism would contribute to improve the image of Phu Yenin the tourism market, creating conditions for investors to resort, findopportunities investing and create stable jobs for about 450 local workers.

 According to the ViceChairman of the Provincial People's Committee, Mr. Phan Dinh Phung, Head of theProvincial Steering Committee for Tourism Development, this year, the tourismsector continues to attract investors. At the Investment Promotion Conferencein 2018, the province handed over the decision on investment policy andinvestment registration certificates for five projects on tourism. TheProvincial People's Committee also announced that it would allow access to,study and invest in 4 projects and to investors (100% foreign capital) toimplement two projects.

The total registered capitaland investment capital for these projects is estimated VND 32,876 billion andUSD 2.1 billion. There are large-scale projects such as: Vinh Hoa Emerald BayResort by the joint venture of PetroVietnam General Services Joint StockCompany, Nam Anh Investment and Trading Solution Limited Company, Simpy LivingDevelopment Limited Company with a total registered capital of VND 1.854billion; Bai Bang Resort and Tourism of Truong Thanh Development InvestmentLimited Company with a total registered capital of VND 476 billion... "Thespirit of the province is to spread carpet to invite investors. The sectorallevel will accompany and create favorable conditions for investors to surveyand carry out legal procedures," said Mr. Phan Dinh Phung, Vice Chairmanof the Provincial People's Committee.  

At Phu Yen InvestmentPromotion Conference 2018, Prime Minister Nguyen Xuan Phuc emphasized:"The potentials and strength of Phu Yen province are great. I would liketo introduce to you, investors the Phu Yen's scenic landscape. The images areso wonderful, and I myself am a person from the Central region, have visitedthis place dozens of times but have I never seen such beautiful scenery. Thatcomparative advantage is not everywhere”.

Source:Phu Yen Newspaper

Translatedby TRINH THUY

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