Coastal province Phu Yen eyes high-tech economic zone
Phu Yen province plans to develop its Nam Phu Yen Economic Zone with a focus on high-tech and seaport-related industries.
The Ministry of Construction is appraising the south-central province's draft plan, which will also seek prime ministerial approval.
The 20,730-hectare economic zone is adjacent to Da Rang River to the north, Van Ninh district of Khanh Hoa province to the south, East Sea (internationally known as South China Sea) to the east, and North-South Expressway to the west.
Nam Phu Yen Economic Zone is set to develop into six functional areas, according to draft amendments to the planning of the zone.
The first is an urban area north of Tuy Hoa Airport, aimed to become "an airport urban area" with eco-tourism development by Ba River. The second is a coastal service-tourism-urban area, while the third includes Hoa Vinh urban area and industrial production in the northeast.
The fourth includes a service-tourism area by Ban Thach River with orientations to build a model of semi-flooded ecotourism service; river eco-tourism, gardens and eco-farms; and high-tech agro-fishery facilities downstream of Ban Thach River.
The fifth is a concentrated industrial development area, with a focus on high-tech manufacturing, while the sixth in the south is devoted to diversified, high-quality tourism development.
Phu Yen province noted strengths of the economic zone, comprising of connections to an airport, national expressways, North-South Railway, Vung Ro and Bai Goc seaports, Deo Ca Tunnel, the coastal economic corridor, among others.
Provincial authorities noted challenges, including the slow progress of site clearance, lack of giant companies setting up shop, underdeveloped port and logistics infrastructure, the small-scale market in Phu Yen, lack of skilled workforce, lack of outstanding incentives, and others.
Backing the draft plan, officials of the Ministry of Construction urged Phu Yen province to develop the economic zone as well as focus on forest protection, urban growth, and water supply and discharge infrastructure.
As of September 29, Nam Phu Yen Economic Zone has attracted 53 investments covering 301.62 hectares, with total registered capital of $20.88 million and VND5,287 billion ($221.4 million), according to provincial data.
- Read More
Public investment disbursement must reach 95%: PM
Prime Minister Pham Minh Chinh has asked ministries, agencies and localities to ensure that disbursement of public investment capital reaches at least 95% this year.
Economy - Sat, May 4, 2024 | 10:02 pm GMT+7
Vietnam transport minister orders probe into domestic airfare surge
Transport Minister Nguyen Van Thang has asked the Civil Aviation Authority of Vietnam (CAAV) to investigate recent surges in domestic airfare as concerns mount over their impact on travel demand.
Travel - Sat, May 4, 2024 | 9:47 pm GMT+7
Tech giants keen on semiconductor investments in Vietnam: minister
Many global tech majors have shown keen investment interest in Vietnam’s electronics and semiconductor industries, Minister of Planning and Investment Nguyen Chi Dung said Saturday.
Economy - Sat, May 4, 2024 | 8:33 pm GMT+7
Former Government Office chairman Mai Tien Dung detained
Mai Tien Dung, former head of the Government Office, has been arrested by the Ministry of Public Security's investigative agency.
Politics - Sat, May 4, 2024 | 5:57 pm GMT+7
Agribank brings digital banking experience to remote areas
Agribank is a pioneer bank in investing and providing card and ATM services in Vietnam's agricultural and rural areas, meeting the needs of people in even border areas, islands, and remote areas.
Banking - Sat, May 4, 2024 | 3:50 pm GMT+7
Six miles and beyond: Vietnam draft law sets offshore boundary
Wind power plants with all turbines located six nautical miles beyond the nation’s sea area will be deemed offshore, per draft amendments to the Law on Electricity.
Energy - Sat, May 4, 2024 | 3:35 pm GMT+7
S Korea's Lock&Lock records 2023 sales of $61 mln in Vietnam
Lock&Lock (LocknLock), a South Korean manufacturer of household products, recorded sales of KRW83.15 billion ($61 million) in Vietnam last year, according to the firm’s performance review for 2023.
Companies - Sat, May 4, 2024 | 11:05 am GMT+7
Former HSBC Vietnam CEO to run mid-sized bank OCB
Pham Hong Hai, former CEO of HSBC Vietnam, has been appointed acting general director of Ho Chi Minh City-based Orient Commercial JS Bank (OCB).
Banking - Sat, May 4, 2024 | 10:49 am GMT+7
Rice stocks plunge, delist despite Vietnamese rice success in global arena
Vietnamese rice is continuing to make gains in the global arena, but domestic rice businesses are facing constant losses and plunging stock prices.
Finance - Sat, May 4, 2024 | 10:46 am GMT+7
Thailand forms AI committee to boost digital economy
Thailand's Ministry of Digital Economy and Society (DES) is advancing its plans to form a new national artificial intelligence (AI) committee as part of its effort to advance the second phase of the national AI strategy.
Southeast Asia - Sat, May 4, 2024 | 8:53 am GMT+7
Indonesia welcomes highest number of foreign tourists in four years
Indonesia’s Central Statistics Agency (BPS) recorded more than 3 million foreign tourist arrivals in the country in the first quarter of 2024.
Southeast Asia - Sat, May 4, 2024 | 8:51 am GMT+7
Thailand to switch to early morning, evening tourism amid extreme heat
The Tourism Authority of Thailand (TAT) is preparing to promote early morning and evening tourism to stabilise the market, as extreme hot weather has kept people from taking part in outdoor activities.
Southeast Asia - Sat, May 4, 2024 | 8:50 am GMT+7
Indonesia expects to earn $70 bln from exports to China
The Indonesian government is optimistic that the export value to China would reach $70 billion in 2024.
Southeast Asia - Sat, May 4, 2024 | 8:31 am GMT+7
Digital transformation, green development focuses of Vietnam logistics: official
Vietnam's logistics businesses should focus on digital transformation and green development to improve their capacity and competitiveness, said Tran Thanh Hai, deputy director of the Import and Export Department under the Ministry of Industry and Trade.
Economy - Sat, May 4, 2024 | 8:27 am GMT+7
Advance effective date of housing, realty laws by 6 months, parliament urged
Vietnam’s Construction Ministry has proposed that the National Assembly, the country's parliament, advance the effective date of the 2023 Laws on Housing and Real Estate Business by six months to July 1 this year.
Real Estate - Fri, May 3, 2024 | 10:07 pm GMT+7
Samsung launches training program to aid Vietnam’s 50,000 semiconductor talent goal
Samsung Vietnam and the National Innovation Center (NIC) jointly launched the Samsung Innovation Campus (SIC) 2023-2024, a technological talent training program, at the NIC facility in Hanoi on Friday.
Companies - Fri, May 3, 2024 | 9:44 pm GMT+7