Social investment in Central Highlands increases

Social investment in the Tay Nguyen Central Highlands has increased in recent years thanks to the improvement of the business environment.

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According to the regional Steering Committee, total social investment in the region reached VND267.6 trillion (US$11.77 billion) in 2011-2015 from VND40 trillion (US$1.76 billion) in 2001-2005.

The proportion of non-State capital poured into the region rose from 38.37% in 2006 to nearly 70% in 2015, with Gia Lai the most attractive destination.

Central Highland provinces focused investment on developing the transport system and building irrigation facilities in Dak Lak, Gia Lai and Lam Dong.

In 2016, total gross regional domestic product exceeded VND151 trillion (US$6.64 billion), a year-on-year rise of 7.47%, and per capita GRDP was estimated at VND39.56 million (US$1,740), up 8.57%.

The Central Highlands comprises Dak Lak, Gia Lai, Kon Tum, Dak Nong, and Lam Dong provinces, with total population of about 5.64 million people and 47 ethnic groups.