14:35 | 07/01/2016 Local Economy
The Central Highlands province of Gia Lai strives to achieve sustainable economic growth in the 2016-2020 period with a Gross Regional Domestic Product (GRDP) growth rate of 7.5 percent in 2016.
A farmer harvests coffee (Photo: VNA)
To realise the objectives, Gia Lai will continue economic restructuring in combination with changing growth model with the aim to improve quality, efficiency and competitiveness.
The province will also implement agricultural restructuring polices in line with the building of new-style rural areas, focusing on efficiently shifting crop structure and gradually forming large-scale fields.
Over the past five years, the province has attracted as many as 64 investment projects with total registered capital of 15.6 trillion VND (678 million USD), of which, 34 projects have been put into operation.
Especially, the 2nd conference on investment promotion held in Gia Lai has created opportunities for the province’s sustainable economic development, with the State’s investment in upgrading Ho Chi Minh Road, National Roads 19 and 25 and Pleiku airport’s runway.
The province has developed areas specialising in industrial crops with 38,000 hectares of sugarcane, 100,000 hectares of rubber, 79,000 hectares of coffee, and 13,600 hectares of pepper.
Gia Lai has also encouraged concentrated livestock products processing, with a 6.3 trillion VND (273 million USD) cow breeding project operated by the Gia Lai Livestock JSC and a Nutrifood factory producing about 110 million litres of milk per year.
Gia Lai has effectively carried out the national target programme on new-style rural area building./.