Gia Lai starts trillion-dollar projects, promoting sustainable and modern economy

Accordingly, on August 19, Phu My Industrial Park - Phase 1 project invested by Phu My Investment Group Joint Stock Company with a scale of over 436 hectares, total investment capital of over 4,500 billion VND; Royal Park Quy Nhon project at 354 Tay Son with a scale of over 6.3 hectares, total investment capital of over 1,920 billion VND and Point 2 (2-2) project - Nhon Ly - Cat Tien beach tourism area with a scale of up to 40 hectares and total investment capital of over 2,999 billion VND invested by Phu Gia Infrastructure Development Investment Joint Stock Company were simultaneously started. This activity has marked an important step forward, contributing to the strong shift in the economic structure of Gia Lai province towards sustainable and modern development.

Gia Lai provincial leaders, delegates and investors performed the groundbreaking ceremony, opening up a sustainable development future for the locality.

It is known that Phu My Industrial Park Project - Phase 1 is one of the key projects of the province, oriented to become a center for attracting strategic investment for clean industries, logistics and renewable energy in the Central coastal region. Phase 1 has a total planning area of up to 436.87 hectares, located in a strategic location with a complete infrastructure connection system including: Adjacent to Phu My deep-water port (1km away), 51km from Quy Nhon port, about 60km from Phu Cat airport; Connecting with the western road of the province, National Highway 1A, North - South expressway and coastal route. The project is planned in a modern, flexible zoning from 1 - 50 hectares, integrating logistics areas, warehouses, support services, administrative - technical areas, wastewater treatment and green space reaching over 15% of the area. In particular, the project is oriented to attract the following industries: Processing of agricultural - forestry - aquatic products; Renewable energy industry; Chemical, plastic, steel industry; Logistics services and supporting industrial production.

With clear orientations, Phu My Industrial Park Project - Phase 1 is expected to become an ideal investment destination for domestic and foreign corporations in the global green transition period. Sharing at the event, Mr. Pham Hong Hai - General Director of Orient Commercial Bank (OCB ), one of the strategic partners of the project said: “We highly appreciate the determination and synchronous implementation of the project from the leaders of Gia Lai province, clearly showing early steps to anticipate the current development trend. In the role of a credit institution, OCB has been promoting capital supply and financial services towards a green economy, environmental and social risk management, demonstrating the bank's strong commitment in accompanying the Government for the Net Zero goal by 2050. This is also the reason why OCB is particularly interested in Phu My Industrial Park - a project expected to become a green - modern - sustainable industrial ecosystem, as well as other major projects in the province".

Particularly, the Royal Park Quy Nhon urban real estate project and Project No. 2 (2-2) - Nhon Ly - Cat Tien beach resort - an international standard luxury resort project invested by Phu Gia Infrastructure Development Investment Joint Stock Company, the two projects are expected to bring long-term economic and cultural value to the area, opening up a promising future, raising the level of real estate in the area towards the strategy of sustainable urban and tourism development for Gia Lai province. At the groundbreaking ceremony, Phu Gia Infrastructure Development Investment Joint Stock Company signed a series of strategic contracts with strategic partners and international corporations.

With the orientation of promoting a sustainable and modern economy, Gia Lai has gradually become an attractive destination for many major domestic and international partners.

Representative of Daiwa Corporate Japan (partner signing the market development agreement with Phu Gia) - Mr. Shiomi Yasuhiro - General Director of Daiwa Corporate Japan shared: “We are honored to cooperate with Phu Gia to bring a high-class international resort project in Nhon Ly - Cat Tien area, Gia Lai province. With experience in developing international markets and building brands in the field of resort tourism, we believe that this project will become a new symbol for global tourists when coming to Vietnam. Together with Phu Gia, we aim to make Gia Lai an attractive destination on the international tourism map.”

Phu Gia Infrastructure Development Investment Joint Stock Company has been granted a credit of nearly VND 1,200 billion by OCB to invest in the construction of the above two projects. It is known that in the coming time, OCB will continue to provide credit to accompany investors in implementing projects and building credit products for individual customers who need to borrow capital to buy products at the project. Coordinate with investors in exploiting sales, creating the best financial leverage for customers when buying the project.