The central coastal province of Phu Yen plans to grant licences to projects worth nearly VND12.4 trillion (US$558 million) in total at an investment promotion conference on January 19.

At a press conference held on Monday, which released the information, representatives of local authorities said more than 500 delegates, including those from 260 domestic and international enterprises, were expected to attend the conference.

Phan Dinh Phung, vice chairman of the provincial People’s Committee, noted that the event aimed at introducing preferential policies designated for investors and a list of projects on agriculture, processing industry, mining, renewable energy and tourism.

Le Tan Ho, director of the provincial Department of Planning and Investment, said Phu Yen housed five concentrated industrial parks covering a total area of 498 hectares.

The province is investing in infrastructure at the Nam Phu Yen Economic Zone and building a hi-tech agricultural park. — VNS