Phu Yen Economic Zone Management Board has been focusing resources and measures to attract investors and projects to the province’s industrial parks in the area, contributing to promoting the socio-economic development of the province.

Manufacturing wood products for export at an enterprise in Northeast Song Cau Industrial Zone - Area 1

According to the plan, there are 11 industrial parks in the province with a total area of ​​3,462 hectares; in particular, 8 industrial parks are located inside Southern Phu Yen Economic Zone and 3 are located outside Southern Phu Yen Economic Zone. 5 out of 11 industrial parks have been put into operation, including: Northeast Song Cau - Area 1, Northeast Song Cau - Area 2, An Phu, Hoa Hiep 1 and Hoa Hiep 2.

According to Phu Yen Economic Zone Management Board, the 4 industrial parks of Hoa Hiep 1, An Phu, Northeast Song Cau - Area 1, Northeast Song Cau - Area 2 are invested from the state budget with a total area of ​​358.33 hectares of land, with a total investment of VND 320.34 billion.

The technical infrastructure in these industrial parks has been basically completed, operated stably, and met the needs of investors. The 4 industrial parks have also centralized wastewater treatment plants and automatic wastewater monitoring systems; traffic systems, lighting, rainwater collection and treatment, wastewater, trees, etc., have been invested synchronously, managed, and maintained regularly.

From May 2024 to present, Phu Yen Economic Zone Management Board has coordinated with functional sectors and localities to organize the announcement of the Project to adjust the construction zoning plan at a scale of 1/2,000 of Hoa Hiep 1 Industrial Park and the Project to adjust the construction zoning plan at a scale of 1/2,000 of Hoa Tam Industrial Park, and at the same time handed over the documents to relevant units and localities.

Accordingly, Hoa Hiep 1 Industrial Park has an area of ​​about 102.3 hectares, is a concentrated industrial park, multi-industry in nature with high added value; prioritizes processing and manufacturing industries that cause less pollution and are environmentally friendly, orienting key industries such as: Agricultural and aquatic product processing, fruit and food processing, mechanics, electricity, electronics, construction materials, consumer goods, pharmaceuticals, etc.

Meanwhile, Hoa Tam Industrial Park is about 1,080 hectares wide, also a concentrated industrial park of the province belonging to the national industrial park system, with synchronous and modern technical infrastructure; is a multi-industry industrial park, investing in high-tech industrial types, industries associated with promoting the advantages of seaports, focusing on attracting petrochemical, metallurgical, energy industries, etc. to exploit the potential of Bai Goc port.

According to the report of Phu Yen Economic Zone Management Board, during the first 6 months of 2024, production and business activities of projects in Southern Phu Yen Economic Zone and industrial parks achieved revenue of over VND 4,146 billion, an increase of 19.1% over the same period; export turnover reached USD 111 million, up 17.3%. Enterprises have paid VND 102 billion to the budget, reaching 91.2% over the same period. The total number of employees working in the industrial parks is currently10,455, up 9.7% over the same period. 

Regarding investment projects in the industrial parks, in the first half of the year, the Phu Yen Economic Zone Management Board has granted 2 new projects with a total registered investment capital of VND 149.12 billion (Cashew Nut Production and Export Factory of Vietnam Olam Limited Company, NPK Fertilizer Production Factory of Hoang Long Vina Production and Trading Limited Company); adjusted 6 projects with a total registered investment capital increased by VND 172 billion.

So far, Southern Phu Yen Economic Zone and industrial parks have attracted 116 investment projects with a registered land area of ​​345.5 hectares; of which, 100 projects have domestic investment capital with a total registered investment capital of over VND 6,951 billion, 16 projects have foreign investment capital with a total registered investment capital of USD 44.2 million. The average occupancy rate of the 5 industrial parks that have come into operation is nearly 70%. 

Mr Nguyen Hong Phong, Director of Hoang Long Vina Production and Trading Company Limited shared: The Company's NPK fertilizer factory built in Hoa Hiep 1 Industrial Park (Dong Hoa town) has a total investment capital of VND 83 billion. The factory specializes in producing mixed fertilizers, medium-nutrient fertilizers, and diammonium phosphate fertilizers with additional quality indicators of trace elements. The company continues to make efforts to invest, improve production and business efficiency, contribute to creating jobs for people and contribute to the provincial budget.

According to Mr Nguyen Xuan Hung, Head of Phu Yen Economic Zone Management Board, the technical infrastructure in the industrial zones has been basically invested synchronously, ensuring the needs of implementing investment projects in production and business of enterprises. However, Phu Yen Economic Zone Management Board continues to focus resources on investing in key infrastructure and traffic projects, etc. to create favorable conditions for investors and enterprises. The unit has also posted information to invite and attract investors and projects in the industrial zones, contributing to accelerating the development of industrial zones and socio-economic development of the province.

Source: Phu Yen Newspaper

Translated by TRINH THUY