Entering the new year amid the momentum of a new development era, the South Phu Yen Economic Zone (EZ) stands before a pivotal opportunity to break through and affirm its role as an industrial, services and tourism centre of the central region, while serving as a new driving force for development for Dak Lak province in the coming period.

With a scale of more than 20,700 hectares, planned for multi-sector and multi-functional development integrating industry with urban areas, services and tourism, the South Phu Yen EZ is among the few economic zones nationwide that bring together outstanding advantages in geographical location and infrastructure.

A corner of Hoa Hiep Industrial Park, under the South Phu Yen Economic Zone.

The zone boasts a long coastline, Bai Goc deep-water port, Tuy Hoa Airport, and an integrated transport connectivity network comprising the North-South Expressway, railway, National Highways 29 and 25, and the coastal economic corridor, creating favourable conditions for large-scale industrial, logistics and service development.

In the future, the South Phu Yen EZ is expected to become a regional linkage centre connecting the South Central Coast and the Central Highlands, as well as a key economic area in the south-eastern part of the province.

Notably, the South Phu Yen EZ lies adjacent to Van Phong Economic Zone in Khanh Hoa, a major national industrial hub and international transshipment port centre, generating synergies to form a linked growth zone. This opens up potential for developing a coastal industrial and logistics corridor in the south-eastern part of Dak Lak and northern Khanh Hoa, enhancing the competitiveness of the entire region and laying the groundwork for a future free trade framework.

To date, South Phu Yen EZ and the eastern industrial parks of the province have attracted 127 investment projects, with a total registered land area of 1,424.04 hectares. These include 111 domestic projects with registered capital of 31,268 billion VND and 16 FDI projects with registered capital of 45.6 million USD. The average occupancy rate across five industrial parks has reached nearly 80%.

The route running along the South Phu Yen Economic Zone has been invested and developed.

Three key projects are currently under implementation in the South Phu Yen EZ, namely the investment, construction and commercial operation of infrastructure for Hoa Tam Industrial Park, Phase 1; the construction of Bai Goc Port; and the investment, construction and commercial operation of infrastructure for Phu Yen High-Tech Industrial Park. In addition, the Becamex VSIP consortium has been permitted by the provincial People’s Committee to study and propose an industrial park, urban and service complex within the South Phu Yen EZ, with an expected scale of 1,920 hectares, including 1,400 hectares for industrial park development and 520 hectares for urban and service areas.

At the same time, several capable investors are studying and proposing infrastructure projects for Hoa Tam Industrial Park, Phase 2, Hoa Xuan Dong Industrial Park and Hoa Xuan Tay Industrial Park, laying the foundation for the early formation of a large-scale production ecosystem in the eastern growth zone of the province.

Translated by KHUONG THAO