14:45 | 04/12/2018 Economy
The Central Highlands province of Gia Lai sought investors for 22 projects at an investment promotion conference in Ho Chi Minh City on November 23.
|A corner of Gia Lai province - Illustrative image - Source: baodautu.vn|
The projects are in various sectors, including infrastructure, agro-forestry processing, building materials, consumer goods, education, culture, sport, tourism, and renewable energy.
Spread over an area of 15,500 sq.km, Gia Lai is the country’s second largest province and has a population of more than 1.4 million including 14 ethnic groups.
It grows a lot of major cash crops such as coffee, rubber and pepper, and so investment in processing of agricultural products is required, according to Ho Phuoc Thanh, Director of the provincial Department of Planning and Investment.
He highlighted the province’s favorable geographic location in the central coast – Central Highlands region and the development triangle of Cambodia-Laos-Vietnam, including the Le Thanh international border gate adjoining Cambodia’s Ratanakiri province.
The province has excellent potential in renewable energy such as solar and wind power, which has recently attracted interest from many investors, he said.
Vo Ngoc Thanh, Chairman of the provincial People’s Committee, said this conference is organised with support from Ton Duc Thang University to connect Gia Lai province with scientists, businesses and local and foreign investors and introduce the potential and strengths of the province and call for investment.
In recent years the province has reformed administrative procedures and public services to create the best conditions for investors, he said.
Besides the Government’s mechanisms and policies, the province also had its own policies and mechanisms to create favourable conditions for investors and businesses to make long-term investment, he added.
At the conference, the province issued licences to seven projects with a total registered capital of over 3.3 trillion VND (141.3 million USD).
The province also signed memorandums of understanding with seven investors for investment of more than 5.5 trillion VND (235.67 million USD).