Phu Yen is considered a new meeting point for resort real estate investors. Besides prominent markets such as Nha Trang, Da Nang or Phu Quoc, Phu Yen is emerging and attracting many real estate investment projects with tourism development potential and many advantages in infrastructure. floors, scenic spots.

1. Geographical location, climate, terrain

Phu Yen is a province located in the central region of our country, bordering Binh Dinh province to the north, Khanh Hoa province to the south; The West of Phu Yen province borders Dak Lak and Gia Lai, the East borders the East Sea. Phu Yen has a tropical monsoon climate, hot and humid with two distinct seasons: the rainy season (September-December) and the dry season (January-August).

In Phu Yen, hills and mountains account for 70% of the natural land area. In general, the province’s terrain can be divided into two areas: mountainous areas, semi-mountainous areas, and plain areas. Phu Yen has a 200km long coastline and many mountain ranges protruding into the sea, forming bays and ferry lagoons.

2. Investment situation in Phu Yen

Over the years, Phu Yen has taken advantage of all resources to invest and upgrade the transportation network and have many new urban area infrastructure investment projects to promote economic development. In addition, the provincial government also focuses on promoting and attracting projects to develop coastal traffic infrastructure, traffic routes around Xuan Dai bay, O Loan lagoon, Bien Ho and road traffic infrastructure. water, roads to relics or scenic spots.

In recent years, Phu Yen has been the destination of many real estate “giants” such as: Vingroup Dat Xanh Mien Trung, Everland or Hung Thinh Group,…

According to Saigon Economic Magazine online, from 2015 to 2020, the province has attracted over 320 off-budget investment projects with a total registered capital of more than 31,000 billion VND. In 2021 alone, Phu Yen has approved investment policies and issued investment certificates for 12 off-budget projects with a total investment capital of over 7 trillion VND.

2. Advantages and disadvantages when investing in resort real estate

2.1. Favorable

• Complete infrastructure:  The first advantage when investing in resort real estate in Phu Yen must be the synchronous infrastructure system: Tuy Hoa airport – space to welcome 5 million passengers by 2023, seaport Vung Ro deep water, North-South railway and convenient road transport system to reach the highland provinces, linking Quy Nhon – Tuy Hoa – Nha Trang into a tourism chain.
• Many scenic spots:  Besides perfect infrastructure, Phu Yen is also a province possessing many scenic spots with a long coastline, many bays, beaches, pools, lagoons, and reefs with natural beauty – wild. Besides, we must mention the 800-year-old Nhan Tower, Van Hoa plateau,… very suitable for resort real estate development. Not only that, the province also invested in building many highlight projects such as entertainment and sightseeing areas for tourists. One of them is the park line more than 4km long along the coast of Tuy Hoa city.

So it can be seen that Phu Yen is a province that meets all the factors to become a place for resort real estate development in the central region. However, investing will still face some difficulties.

2.2. Hard

One of the difficulties when investing in resort real estate in Phu Yen is legal issues. However, according to the electronic magazine Investor, the Department of Construction of Phu Yen province said that in the coming time, it will focus on advising to remove legal difficulties and procedures for preparing investment in real estate projects. assets to increase supply to the market and contribute to promoting sustainable development of the real estate market.

3. Phu Yen tourism potential

According to Nhan Dan newspaper, in 2022, the number of tourists visiting Phu Yen will grow dramatically to 2.2 million (the highest ever). This number increased 5.9 times compared to the same period in 2021. Total revenue from tourism activities reached over 2.7 trillion VND, an increase of 7.2 times compared to the same period in 2021.

From the beginning of 2023 until now, although the weather is somewhat unfavorable, the number of tourists is still flocking to Phu Yen at a high rate. The total number of tourists coming to Phu Yen reached 494,500, the total number of staying visitors reached 306,502. It can be seen that these are good signs for Phu Yen’s tourism industry and show the potential for tourism and resort development in the province.

In the future, the completion of many large-scale and high-quality tourism projects will certainly create an even stronger attraction for investors. Accordingly, resort real estate projects will still be the top choice of real estate investors.