Phu Yen needs to mobilize a total investment capital of 298,000 billion VND in the 2021 period.

Phu Yen needs to mobilize a total investment capital of VND 298,000 billion for the period 2021 - 2030

Deputy Prime Minister Tran Hong Ha has just signed Decision No. 990/QD-TTg dated September 16, 2024 promulgating the Plan to implement the Phu Yen Provincial Planning for the 2021-2030 period, with a vision to 2050.

Photo: A corner of Tuy Hoa city, Phu Yen province

Prioritize infrastructure investment projects that create great spillover effects.

According to the content of the Plan, for public investment projects, Phu Yen province focuses on implementing projects identified in the Provincial Planning, in which priority is given to infrastructure investment projects that create great spillover effects, especially the strategic transport infrastructure of the Province, ensuring synchronization, modernity, promoting regional and intra-regional connectivity associated with economic development corridors in the dynamic development regions, key development areas of the Province; infrastructure for health, education, culture, sports, social security; urban technical infrastructure in dynamic regions.

Continue to prioritize investment in completing irrigation infrastructure, dykes, embankments, water supply, and drainage to meet the needs of socio-economic development, ensure social security, national defense, security, natural disaster prevention and control, adapt to climate change, rising sea levels, and other technical and social infrastructure works identified in the Provincial Planning.

Prioritize the development and attraction of investment in dynamic industries associated with the marine economy.

Investment projects using capital sources other than public investment capital: Investing in completing the province's infrastructure to promote the investment efficiency of infrastructure projects that have been and are being implemented using public investment capital; attracting investment to expand and improve productivity and efficiency of production and business establishments in the province's development driving regions and key development areas.

Attracting investment in industrial development towards improving productivity, quality, efficiency, saving resources, and being environmentally friendly; increasing the occupancy rate of existing industrial parks and clusters and investing in the construction of new industrial parks and clusters to serve the development needs of the province. Prioritizing the development and attracting investment in dynamic industries associated with the marine economy; expanding and developing existing industries towards the production of refined products, deeply processed products with high technology content, causing little environmental pollution, and high added value; developing a number of industries with competitive advantages such as: metallurgy; refining, petrochemicals; energy production; chemicals; production of electronic products, digital technology; investing in infrastructure business of industrial clusters, industrial parks, etc.

Strong development of services - urban, logistics

At the same time, the province strongly develops services - urban, logistics, financial - banking services, post and telecommunications with focus and key points. Develop tourism combined with resorts, science and technology activities, medical services, high-value health care; focus on developing tourism into a spearhead economic sector, develop experiential tourism products, tourism combined with seminars, conferences, events (MICE), resorts, ecology with accompanying services such as hotels, restaurants, entertainment, recreation, adventure sports.

Developing agriculture in a modern, ecological, and sustainable direction associated with building new rural areas and civilized urban areas; forming specialized agricultural production areas; attracting enterprises to invest in the agricultural sector and applying high technology in production, increasing the value of local agricultural production in depth, creating high added value.

To ensure the target of an average gross regional domestic product (GRDP) growth rate of 8.5% - 9% per year according to the planning for the 2021 - 2030 period, Phu Yen province is expected to need to mobilize a total social investment capital of about VND 298,000 billion.

Phu Yen province focuses on implementing 7 key solutions: 1- Attracting investment for development; 2- Human resources; 3- Developing science and technology; 4- Ensuring social security; 5- Protecting the environment; 6- Ensuring financial resources; 7- Ensuring national defense and security.

Source: https://baodautu.vn/phu-yen-can-huy-dong-tong-von-dau-tu-298000-ty-dong-giai-doan-2021—2030-d225087.html