Phu Yen licenses two tourism projects

The central province of Phu Yen province, at an investment promotion conference attended by over 100 foreign and local investors last week, presented investment certificates to two tourism projects.
Xuan Thien Co. from Ninh Binh Province will spend VND18,405 billion building a high-end resort while HCMC-based Tan Viet An Co. will develop an eco-tourism site worth VND150 billion in Song Cau Town.
At the conference in HCMC, the province also gave approval in principle for Vinpearl to make a detailed zoning plan for Dam O Loan Resort that will require total capital of VND11 trillion and for another company to build a complex of beach resort and water park.
The province has attracted 37 foreign-invested projects capitalized at US$6.4 billion and 223 local projects valued at VND50,856 billion, according to the provincial Department of Planning and Investment.
Phu Yen is home to a couple of big-ticket projects, such as the US$1.7 billion Vung Ro oil refinery project, and a US$4.3 billion luxury resort complex.
Provincial authorities are also calling for more investments in 31 projects worth US$4.1 billion, including South Phu Yen Economic Zone, Hoa Tam Petrochemical Industrial Zone, Bai Goc Port, and a rail line from Tuy Hoa City to the Central Highlands.