PM urges Phu Yen to turn potential into resources for development
Prime Minister Pham Minh Chinh has urged the south central province of Phu Yen to turn its potential and advantages into resources for development during a working session with key officials of the locality on January 8.
PM Pham Minh Chinh speaks at the working session with Phu Yen leaders on January 8 (Photo: VNA)
Phu Yen, (VNA) – Prime Minister Pham Minh Chinh has urged the southcentral province of Phu Yen to turn its potential and advantages into resourcesfor development during a working session with key officials of the locality onJanuary 8.
He highlighted the province’s outstanding advantages such as animportant geographic location, convenient transport, a long coastline and deepsea, and rich minerals.
However, Phu Yen is weak in organizing the implementation of development tasks.Its economic scale remains small, its rankings in competitiveness and administrativereforms are low, thus failing to attract investment projects. Disbursement ofpublic investment is slow.
The PM showed approval of the development motto that theprovince has set recently, and required Phu Yen to take measures to implementresolutions, conclusions and programmes of the Party, National Assembly,Government and its own.
At the same time, PM Chinh reminded the province to pay specialattention to the harmony between economic growth and social-culturaldevelopment and environmental protection.
Besides socio-economic development, Phu Yen should also attachimportance to the building of the Party and political system, he said.
He suggested Phu Yen make tourism a spearhead economic sector,while building infrastructure for industry and transport, and acceleratingadministrative reforms to improve business and investment environment as wellas its competitiveness.
It was reported at the meeting that Phu Yen fulfilled 13 out of17 yearly targets in 2022, including a 7.46% GRDP growth, and export valuesurpassing target by 14% to 236 million USD.
The province is striving towards the goal of becoming a place worthyof living for residents and worthy of visiting for tourists by 2050. It aimsfor a yearly growth rate of 9 – 10% led by tourism development./.
Phu Yen boasts potential to build a geopark accredited by the UNESCO, said experts at a conference held in the south-central province on July 23 regarding international cooperation for the local development of a geopark and sustainable tourism.
Lawmakers have agreed on the need to have special mechanisms and outstanding policies for the central province of Khanh Hoa and the Van Phong Economic Zone in particular to attract resources, promote potential and strengths for rapid and sustainable development.
Indochina Kajima Development Co. Ltd. - a joint venture between Indochina Capital and Kajima Corporation - and Hongkong-based Mandarin Oriental Hotel Group have signed an agreement on the management and operation of a luxury resort in the south-central province of Phu Yen.
A delegation of Phu Yen province, led by Cao Thi Hoa An, Standing Vice Secretary of the provincial Party Committee and Chairwoman of the People’s Council, is paying a working visit to Germany from December 20-23 to seek investment opportunities here.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.