Speaking at the conference, the Prime Minister urged provincial authorities to provide specific incentives for domestic and foreign investors in order to attract more investment into the province.
He pointed to the province’s advantages as the largest bazan soil depository suitable for the cultivation of industrial plants. Gia Lai province is also a hub of the Cambodia-Laos-Vietnam development triangle, he stressed.
The Government has paid special attention to develop the Central Highlands in general and Gia Lai province in particular through the planning of water resources development and the construction of infrastructural facilities. The Prime Minister reaffirmed that the Government will fund the upgrade of major national highways connecting with Gia Lai province such as Highway 19, Phu Yen – Gia Lai road, Ho Chi Minh Trail, as well as airports and other facilities.
At the conference, the Prime Minister required the Ministry of Planning and Investment to make support policies towards investors in the Central Highlands, including Gia Lai province. Gia Lai has so far attracted five foreign-invested projects worth a modest 12 million USD, ranking 61st out of 63 cities and provinces nationwide. Its provincial competitiveness index ranks 47th nationally.
According to the provincial authorities, in the period of 2016 to 2018, the province will focus on attracting investment in agro-forestry processing, construction materials, consumer goods, energy, education, culture, sports and tourism.
The Prime Minister asked Gia Lai to give more specific commitments to investors in terms of electricity, water and infrastructure, towards doubling the number of enterprises to 7,000 in the next five years.
He also asked the Ministry of Agriculture and Rural Development to work closely with the State Bank and the Finance Ministry to seek stable markets for local signature products. According to the Prime Minister, the Government will consider establishing several national tourist areas and holding more festivals so that Gia Lai province could live well on the pillars of agriculture, processing industry and tourism services.
Meanwhile, the provincial authorities were required to devise master plans for economic, industrial and tourism areas, and cultivation; and asked to further develop the processing industry, especially for coffee, while focusing on organic farming, farm product processing and high-tech agriculture as the local strengths.
This year, the province’s gross domestic product is estimated at 36.26 trillion VND, up 7.48 percent annually. As scheduled, Gia Lai will record 30 new-style rural areas and 46.2 percent forest coverage later this year. It plans to plant 7,000ha of forest next year.
On this occasion, the local authorities affirm their resolve to improve the business climate and facilitate start-ups. At the end of the event, a number of memoranda of understanding on investment in high-tech agriculture, irrigation, transport and culture were signed.
Speaking at the conference, the Prime Minister urged provincial authorities to provide specific incentives for domestic and foreign investors in order to attract more investment into the province.
He pointed to the province’s advantages as the largest bazan soil depository suitable for the cultivation of industrial plants. Gia Lai province is also a hub of the Cambodia-Laos-Vietnam development triangle, he stressed.
The Government has paid special attention to develop the Central Highlands in general and Gia Lai province in particular through the planning of water resources development and the construction of infrastructural facilities. The Prime Minister reaffirmed that the Government will fund the upgrade of major national highways connecting with Gia Lai province such as Highway 19, Phu Yen – Gia Lai road, Ho Chi Minh Trail, as well as airports and other facilities.
At the conference, the Prime Minister required the Ministry of Planning and Investment to make support policies towards investors in the Central Highlands, including Gia Lai province. Gia Lai has so far attracted five foreign-invested projects worth a modest 12 million USD, ranking 61st out of 63 cities and provinces nationwide. Its provincial competitiveness index ranks 47th nationally.
According to
the provincial authorities, in the period of 2016 to 2018, the province will
focus on attracting investment in agro-forestry processing, construction
materials, consumer goods, energy, education, culture, sports and tourism.
The Prime Minister asked Gia Lai to give more specific commitments to investors in terms of electricity, water and infrastructure, towards doubling the number of enterprises to 7,000 in the next five years.
He also asked the Ministry of Agriculture and Rural Development to work closely with the State Bank and the Finance Ministry to seek stable markets for local signature products. According to the Prime Minister, the Government will consider establishing several national tourist areas and holding more festivals so that Gia Lai province could live well on the pillars of agriculture, processing industry and tourism services.
Meanwhile, the provincial authorities were required to devise master plans for economic, industrial and tourism areas, and cultivation; and asked to further develop the processing industry, especially for coffee, while focusing on organic farming, farm product processing and high-tech agriculture as the local strengths.
This year, the province’s gross domestic product is estimated at 36.26 trillion VND, up 7.48 percent annually. As scheduled, Gia Lai will record 30 new-style rural areas and 46.2 percent forest coverage later this year. It plans to plant 7,000ha of forest next year.
On this occasion, the local authorities affirm their resolve to improve the business climate and facilitate start-ups. At the end of the event, a number of memoranda of understanding on investment in high-tech agriculture, irrigation, transport and culture were signed.
