Domestic and foreign investors have registered to pour VND86 trillion ($3.86 billion) into 25 projects in central highlands provinces between now and 2020, the Vietnam News Agency reports.
Domestic and foreign investors have registered to pour VND86 trillion ($3.86 billion) into 25 projects in central highlands provinces between now and 2020, the Vietnam News Agency reports.
Among the five central highlands provinces – Dak Lak, Dak Nong, Gia Lai, Kon Tum, and Lam Dong – Dak Lak is considered the region’s capital and is the largest recipient, with 15 projects worth VND83.9 trillion ($3.76 billion).
Four projects in Dak Lak have received investment licenses, three of which are solar energy plants.
They include a 2,000MW solar power plant with investment of $2.2 billion covering over 4,192 ha in Ea Sup district, a 500MW plant in Buon Don and Ea Sup districts with VND16.87 trillion ($742 million) invested by the US’s AES Group, and another with a capacity of 250MW, also in Ea Sup district.
In recent times the region has issued a number of preferential mechanisms and policies as well as simplified administrative procedures, to attract investors.
According to the Steering Committee for the Central Highlands, from 2011 to 2015, total investment in the region reached VND265.7 trillion ($11.9 billion); double the amount in the 2006-2010 period.
The central highlands has great potential for tourism and industrial crops such as coffee and pepper.
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