uan Thien Co. from Ninh Binh Province will spend VND18,405 billion building a high-end resort while HCMC-based Tan Viet An Co. will develop an eco-tourism site worth VND150 billion in Song Cau Town.

At the conference in HCMC, the province also gave approval in principle for Vinpearl to make a detailed zoning plan for Dam O Loan Resort that will require total capital of VND11 trillion and for another company to build a complex of beach resort and water park.

The province has attracted 37 foreign-invested projects capitalized at US$6.4 billion and 223 local projects valued at VND50,856 billion, according to the provincial Department of Planning and Investment.

Phu Yen is home to a couple of big-ticket projects, such as the US$1.7 billion Vung Ro oil refinery project, and a US$4.3 billion luxury resort complex.

Provincial authorities are also calling for more investments in 31 projects worth US$4.1 billion, including South Phu Yen Economic Zone, Hoa Tam Petrochemical Industrial Zone, Bai Goc Port, and a rail line from Tuy Hoa City to the Central Highlands.