As many as 3,256 enterprises were established with a combined registered capital of 20.37 trillion VND (897.35 million USD) in the Central Highlands provinces in 2017, representing year-on-year rises of 21.62 percent and 18 percent, respectively.
According to the Steering Committee for the Central Highlands, the figure raised the total number of local firms to 23,328, up 15 percent. Most of the new businesses locate in Lam Dong, Dak Lak, and Gia Lai provinces.
In 2017, the regional provinces have taken numerous active measures to encourage investors to establish new firms, contributing to promoting local socio-economic development.
The provinces have focused on improving the business environment, offering assistance to businesses, enhancing the effectiveness of market management, protecting intellectual property, and ensuring fair competition.
They have also simplified administrative procedures while regularly organising dialogues with local firms to address their difficulties and better investment attraction policies.
Currently, the regional provinces are carrying out a plan to restructure state-owned enterprises (SOEs) and striving to remove obstacles hindering operations of businesses.