Switzerland wants to invest in Phú Yên’s tourism

The project on building a coastal resort town with a golf course and yachting services will cost at least US $1.5 billion.

TGEC is scheduled to start the first phase of the project in the fourth quarter of this year and complete the whole project by 2014-2015.

The Phú Yên Department of Planning and Investment said the province is considering the project before submitting it to the Government for approval.

The project will be located within the Phú Yên’s Special Economic Zone, on which Việt Nam and the United Arab Emirates signed a memorandum of understanding in last October./.

By Ngọc Vân