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Southern Phu Yen economic zone founded

In Vietnam Economy on October 25, 2009 at 5:34 pm




Southern Phu Yen economic zone founded


QĐND – Sunday, October 25, 2009, 20:49 (GMT+7)

Decision 1712/QĐ-TTg on the foundation of the Southern Phu Yen Economic Zone, issued on October 23rd, 2009 by the Prime Minister was announced on October 24th by Phu Yen Province.


Accordingly, the 15th national coastal economic zone will be built in an area of 11,500 ha, stretching from South of the Da Rang river, Tuy Hoa city to Vung Ro seaport, Dong Hoa district and will accommodate some 180,000 people, and the construction will be completed by 2015.


Present at the decision-announcing ceremony, President Nguyen Minh Triet and local leaders granted licenses to 3 large projects, including an inventive city on the southern bank of the Da Rang river invested by Galileo Investment of the USA.


At present, there are several infrastructural facilities available in the economic zone, including Tuy Hoa airport, Hoa Hiep industrial zone and Vung Ro deep water seaport.


According to calculations, the economic zone will join its sister project of Van Phong in Khanh Hoa to become a large complex economic zone that could boost socio-economic development in the Central Provinces and Central Highlands.


Source: DDDN

Translated by Thu Nguyen         

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