In 2017, the provinces have lured 235 projects from domestic investors with a combined registered capital of VND103,357 billion (a year-on-year rise of nearly 203%) and nine foreign direct investment (FDI) projects worth nearly US$110 million.
In Dak Lak province alone, 75 projects have been granted investment licenses with a total registered capital of nearly VND4,000 billion, a rise of 19.19% in project numbers and 246% in capital provided. Dozens of projects have come into operation such as a five-star complex, a convention centre, a Central Highland kindergarten, and a pig farm.
The results are attributed to Central Highland provinces’ efforts to promote investment through organizing conferences and publicizing investment calls for projects on provincial websites while improving the business and investment environment and committing to administration reform to create the best possible conditions for businesses.
Investment preferential policies for land and water surface rents and corporate income tax, and incentive schemes for agriculture and rural development have also been publicized.
The region has also paid attention to transport infrastructure, industrial zones, information and telecommunications, electricity and water supply and land funds to facilitate optimal performance of investors and businesses.
At present, central highland provinces are calling for investment in hi-tech agriculture, organic agriculture, tourism, luxury resorts, agricultural processing industry, and renewable energy.