Implementation of the 2025 Investment Promotion Program and External Affairs Plan, investment promotion efforts have continued to be actively intensified by the province through a variety of promotional programs both domestically and internationally, accompanied by numerous concrete activities… Recently, a working delegation from Phu Yen Province, led by comrade Ta Anh Tuan, PPC Chairman conducted a visit and working trip to the United Arab Emirates (UAE), opening up promising prospects for international investment cooperation in the coming time.
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| The provincial delegation working at the headquarters of Dubai Holding Group |
On April 7, the Phu Yen provincial delegation attended the 14th Annual Investment Meeting (AIM 14) held in Abu Dhabi, United Arab Emirates (UAE), under the theme: “Orienting the Future of Global Investment: A New Wave in the Context of Globalized Investment – Toward a New Balanced Structure.”
On the sidelines of the AIM 14 Conference, the Phu Yen PPC Chairman also joined the Government delegation in working sessions with Mr. Samir Hamrouni, Chief Executive Officer of the World Free Zones Organization (WFZO), and Ms. Nan Li Collins, Director of the Division on Investment and Enterprise of the United Nations Conference on Trade and Development (UNCTAD).
Continuing the working program in the UAE, Phu Yen PPC Chairman, comrade Ta Anh Tuan, held investment promotion meetings with senior executives from leading investment corporations in Dubai (UAE), including Mr. Thomas B. Meier, CEO of Jumeirah Group, and Mr. Amman Shah, Chief Investment and Portfolio Officer of Dubai Holding. Emphasizing Phu Yen’s advantages as a destination rich in potential for the development of luxury resorts and high-end real estate, provincial leaders presented a range of investment projects calling for collaboration in the fields of real estate and tourism. Both sides engaged in discussions, and the PPC Chairman extended an invitation to the corporate leaders to visit and conduct on-site surveys in Phu Yen to gain a more comprehensive understanding of the province’s potential and strengths, paving the way for effective and mutually beneficial cooperation.
As part of the working visit, the provincial leadership also joined the Government delegation in a meeting with Mr. Anil Mohta, Executive Vice President of DP World Group and the Jebel Ali Free Zone Authority to discuss cooperation in developing free trade zones and facilitating connections with investors interested in establishing operations in Vietnam’s free trade zones.
With a development plan oriented toward becoming a maritime economic hub of the South Central Coast region, Phu Yen is currently focusing on building and developing the Nam Phu Yen Economic Zone, centered around the deep-water port at Bãi Gốc and the Hòa Tâm Industrial Park, in order to capitalize on its strategic location near international maritime routes. The province holds strong potential to become a regional transshipment hub, with a growing tendency to integrate economic zones and seaports - aligning well with the cooperation proposals mentioned above.
The delegation also attended the Vietnam - UAE Business and Investment Forum held on April 10, 2025, co-organized by the Embassy of Vietnam in the UAE and the Abu Dhabi Chamber of Commerce and Industry. The forum was themed "The Vietnam - UAE Trade Gateway: Matching the Right Needs, Partnering with the Right Partners".
Addressing at the Forum, the Phu Yen PPC Chairman stated that Vietnam is a country with a stable political system and a high economic growth rate compared to the world and the region. Futhermore, Vietnam benefits from a strategic location along the maritime corridor linking the Middle East with Northeast Asian countries such as Japan and South Korea. As a result, Vietnam, and particularly Phu Yen, has become a market of great interest to investors from the Middle East, especially the UAE, in recent times. Phu Yen, as a province in Vietnam, has significant potential for maritime economic development, with a focus on turning tourism into a key economic sector. In addition to investments in tourism and services, the province is actively seeking investments from UAE investors in sectors such as infrastructure, oil refining, energy, and logistics. Simultaneously, it is hoped that the Forum will serve as a bridge to explore potential cooperation opportunities and open up new pathways for sustainable economic development.
Based on the outcomes of the working sessions, the delegation demonstrated Phu Yen Province's proactive and active approach in attracting investment as well as international cooperation and integration, laying the foundation for Phu Yen to engage with and develop relationships with partners from the UAE in the future.
