Phu Yen socio-economic development master plan adjusted

Illustration photo

Accordingly, the central province of Phu Yen is striving to reach the average GRDP growth of 9.5% per year in the 2016-2020 period and 8% per year in the 2021-2030 phase. 

The province’s GRDP per capita is expected to attain US$3,700 by 2020 and US$12,500 by 2030. 

The growth rates of added value in agriculture-forestry-aquaculture, industry-construction and services will obtain 3.3%, 12% and 10% per year, respectively in the 2016-2020 period and 2.6%, 7.5% and 10.1% per year, respectively in the 2021-2030 phase. 

More investment in province’s key industrial sectors 

The province needs to mobilize resources to invest in infrastructure systems and coordinate with investors in launch and operate large-scaled tourist projects as well as attract investment in agriculture and rural development. 

The province focuses on developing some key industrial areas such as pharmaceutical industry, fertilizer, micro-organic organic fertilizer; auxiliary industry, energy industry, clean energy, mechanical engineering; electronics, telecommunications equipment and information technology, agro-forestry-fishery processing industry. 

It also attracts investors in fields of urban infrastructures, housing and real estates and social housing projects and soon launches Hoa Tam Industrial Park. 

The central province continues constructing and completing technical infrastructures at industrial parks in Nam Phu Yen Economic zone and An Phu Industrial Park.  

The Hoa Hoi Solar Plant will be built in Hoa Hoi Commune, Phu Hoa District, Phu Yen Province, with an installed capacity of 214.16MWp. When operating, the Plant will have the capacity of 133.85 MW in the second quarter of 2019. 

By Thuy Dung