Dak Lak (VNA) – The Central Highlands province of Dak Lak could become a future long-term stopover for investors, due to its administrative reforms and investment incentives, said provincial People’s Committee vice chairman Y Dham Enol.
“Frequent dialogue has helped local authorities to understand investors’ actual needs. Thus, the province intends to review its administrative procedures in order to create more favourable conditions for investors,” said Y Dham Enol.
To date, the province has attracted 148 domestic and foreign projects. Thirty-six of which are capitalised at a combined 5 trillion VND ( 315 million USD), according to the provincial department of planning and investment.
In the time ahead, the province will continue to hold training courses on both investment and enterprise law so as to issue more suitable policies and regulations.
The province vows to focus on research with emphasis on multinational corporations, it said, adding that support will be given to foreign-invested enterprises to encourage them to get involved in training programmes.
It also plans to organise effective investment promotions, targeting ASEAN, the EU, Japan , the Republic of Korea , Taiwan , Singapore , France , Finland , Germany and Thailand .
Furthermore, Dak Lak will accelerate investment in socio-economic infrastructure, aiding the growth of Buon Me Thuot city with an eye to transforming it into an economic hub.
In addition, the development of inter-provincial road and rail systems, and the upgrading of industrial areas’ infrastructure will take place.
In the next three years, top priority will be given to agricultural and forestry processing, mineral mining, hydroelectricity, property, tourism, production of paper materials, chipboards, tile and light concrete.-Enditem
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