The Provincial People's Committee has just held a conference to hand over the above-mentioned decision for 2 projects: Investment in construction and business of infrastructure of Hoa Tam Industrial Park (phase 1) and Investment in construction and business of infrastructure of Phu Yen High-tech Industrial Park.

Leaders of Phu Yen and Dak Lak provinces presenting flowers to congratulate investors

At the conference, the leaders of Phu Yen Economic Zone Management Board announced the information on the decision approving the investment policy and approving investors for the project of Investment in construction and business of infrastructure of Hoa Tam Industrial Park (phase 1) and the project of Investment in construction and business of infrastructure of Phu Yen High-tech Industrial Park.

Accordingly, Hoa Tam Industrial Park Infrastructure Development JSC  (under Hoa Phat Group) is the investor of the project of Investment in construction and business of infrastructure of Hoa Tam Industrial Park (phase 1). The project is implemented in Hoa Tam commune, Dong Hoa town. The project has a land use scale of about 491.87 hectares; total investment capital is about VND 4,188 billion. The project is invested in synchronous infrastructure construction with the goal of serving the formation of Hoa Phat Iron and Steel Complex with a capacity of 6 million tons/year, total investment capital of about VND 100,000 billion, creating jobs for more than 24,000 labors and other supporting industries. The project's operation period is 70 years from the date of issuance of the Decision approving the investment policy, and at the same time approving the investor. The project implementation progress is 48 months, from the date of the decision on land allocation and land lease.

The project to invest in construction and business of infrastructure of Phu Yen High-Tech Industrial Park is implemented by the investor N&G Group Joint Stock Company.

The project is implemented in Hoa Hiep Bac ward, Dong Hoa town. The project has a land use scale of about 251.6 hectares; total investment capital of about VND 2,369 billion. The project will invest synchronously in infrastructure to attract investment in high-tech industries, supporting industries for high-tech production such as: information and communication technology (ICT); pharmaceutical and biological technology; environmental technology and renewable energy; electronic technology and electronic equipment; automotive technology and automotive electronics; Robot and automation technology; Artificial Intelligence (AI) technology; materials technology and Nano technology; Logistics; etc.

The operation period of the project is 50 years, from the date of issuance of the Decision approving the investment policy, and at the same time approving the investor. The project implementation progress is 54 months, from the date of the decision on land allocation and land lease. It is expected that when the secondary projects come into operation, they will create jobs for more than 20,000 workers.

At the conference PPC, Standing Vice Chairman, Mr. Le Tan Ho presented the Decision approving the investment policy and approving the investor to Hoa Tam Industrial Park Infrastructure Development Joint Stock Company (under Hoa Phat Group) and N&G Group Joint Stock Company. Mr. Huynh Lu Tan, Member of the Provincial Party Standing Committee, Head of Phu Yen Economic Zone Management Board, presented the investment certificate to the two investors.

Addressing at the conference, the investors thanked the province for the support and facilitation in the past time; simultaneously, committed that the investors would comply with all regulations, fulfill financial obligations as prescribed, coordinate with state management agencies to implement the project to ensure the set progress; and actively work with the locality to well-implement social security policies.

Addressing at the conference, Standing Vice Chairman of the Provincial People's Committee, Mr. Le Tan Ho congratulated and thanked the investors for choosing to invest in Phu Yen province. Mr. Le Tan Ho emphasized: The above two projects, together with Hoa Phat Group's research to propose investment in Bai Goc Deepwater Port (including: Specialized port for the steel industry, liquid cargo terminals, bulk cargo terminals), will form an industrial center, a large seaport of the South Central Coast and Central Highlands; a dynamic economic region in the eastern region of Phu Yen province at present and Dak Lak province in the future and neighboring areas. When the projects are completed and put into operation, they will contribute to significantly increasing the value of industrial production, creating a large and stable source of budget revenue for the province, creating jobs for workers, and promoting socio-economic development.

In order for the projects to be implemented on schedule, Mr. Le Tan Ho requested that relevant departments, branches, and localities continue to guide and support investors in completing procedures after approving the investment policy, ensuring compliance with legal regulations. The provincial leaders pledged to continue to accompany businesses and investors in the process of project implementation, and are ready to receive information and listen to feedback from businesses and investors on difficulties and obstacles to jointly resolve them.