The image depicts a construction site with heavy machinery and workers, indicating upcoming industrial development.
Specifically, the project “Investment in Construction and Business of Infrastructure of Hoa Tam Industrial Park – Phase 1” is undertaken by Hoa Tam Industrial Infrastructure Development Joint Stock Company (under Hoa Phat Group) as the investor (according to Decision No. 831/QD-UBND dated May 23, 2025)
The project encompasses approximately 491.87 hectares of land and entails an investment of VND 4,188 billion. It aims to establish a synchronous infrastructure to accommodate the formation of the Hoa Phat Steel Complex with a capacity of 6 million tons/year, involving a total investment of VND 100,000 billion. This endeavor is expected to generate employment for over 24,000 workers in the steel industry and other auxiliary sectors.
The second project, “Investment in Construction and Business of Infrastructure of Phu Yen High-Tech Industrial Park,” is undertaken by N&G Group Joint Stock Company as the investor (according to Decision No. 830/QD-UBND dated May 23, 2025)
This project occupies approximately 251.6 hectares of land and entails an investment of VND 2,369 billion. Upon the operation of secondary projects, it is anticipated to create job opportunities for more than 20,000 laborers.
This project entails a synchronous investment in infrastructure to attract high-tech industries and supporting industries for high-tech production, including information and communication technology (ICT); pharmaceutical and biological technology; environmental and renewable energy technology; electronic and electronic equipment technology; automotive and automotive electronics technology; robotics and automation; artificial intelligence (AI); material and nanotechnology; and logistics…
Phu Yen province boasts advantageous transport infrastructure and proximity to major economic zones such as Nhon Hoi Economic Zone (in Binh Dinh province) and Van Phong Economic Zone (in Khanh Hoa province). With its nearly 189 kilometers of coastline and stunning scenery, Phu Yen is not only a captivating tourist destination but also an important industrial and seaport hub in the South Central Coast and Central Highlands regions.
According to the Phu Yen Province Construction Department, prominent investors such as Hung Thinh Group, Novaland, Vinaconex, and VinaCapital have proposed large-scale project deployments in the province.
For instance, TH True Milk Group plans to develop a golf course project, an eco-villa and resort project spanning over 1,000 hectares. Hung Thinh Group also presented its master plan for a premium tourism and resort complex in Vung Ro Bay, covering more than 1,040 hectares, during their meeting with the provincial leaders of Phu Yen.
Novaland has submitted a planning proposal for sub-area 1/2,000 of the Tui Nhahm area in Xuan Dai Bay to the provincial leaders of Phu Yen. The primary objective of this plan is to develop Xuan Dai Bay into a prominent tourist destination within the South Central Coast region, attracting both international and domestic tourists, as well as premium and mass-market travelers.
Meanwhile, Sovico Corporation has proposed three significant projects in the province, including the expansion of Tuy Hoa Airport, the development of a 54-hectare knowledge city, and a 13.5-hectare seaside urban area in Tuy Hoa City. According to Sovico, Phu Yen, and specifically Tuy Hoa, possess substantial potential and advantages for the realization of tourism-oriented real estate projects. As an emerging market with ample room for growth, the province is attracting an increasing number of strategic investors, and Sovico is keen to be a part of this dynamic.
Everland Group is set to develop two real estate projects, namely the Xuan Dai Bay Resort and the Crystal Holidays Marina Phu Yen Resort, in the Xuan Dai ward of Song Cau town. These two projects, spanning 37 hectares with a total investment of nearly VND 2,200 billion, will be international five-to-six-star tourism and resort complexes within a larger urban tourism and service area spanning over 500 hectares in the southern part of the province.
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