More investors are finding the Central Highland province of Gia Lai an
attractive destination not only for its investment incentives but also
the locality’s advantage in land, mineral resources and labour.
Since the beginning of 2014, the province has licensed 10 projects
with a total registered capital of 1.3 trillion VND (62 million USD),
which include two factories processing cassava, a power plant fired by
sugarcane bagasse, and a pepper processing factory.
Nine investors have also applied for a licence for their investment
schemes in the locality while two others asked to expand their existing
investment. If approved, these investors will pump a total of nearly
16.5 trillion VND (775 million USD) in the province.
Besides general incentives in line with national rules, Gia Lai
authorities have adopted a number of local measures to facilitate
business operation. The province has been building infrastructure such
as power and water supply networks as well as roads to designated
industrial zones (IZs), tourism sites and border gate economic zones
(EZs). Investors will also benefit from support in terms of research or
attending technology and trade fairs.
Gia Lai sits
in the Central Highland intersection connecting with the central coastal
area. The province is rich in land and minerals, boasting more than
100,000 ha of land under rubber, nearly 80,000 ha and 10,000 ha for
coffee and pepper.-VNA