HCM City’s businesses invest VND68 trillion in Central Highlands
Over 200 enterprises from Ho Chi Minh City have poured nearly VND68 trillion (about US$3 billion) into 287 projects in the Central Highlands, according to the region’s Steering Committee.
The investment cooperation between HCM City and five provinces in the Central Highlands – Dak Lak, Gia Lai, Kon Tum, Dak Nong, and Lam Dong – has involved a number of fields, including agro-forestry, ecological tourism, mining, and hydropower.
The investment from the city has helped drive socio-economic development in the region, making a great contribution to the State budget and creating thousands of jobs for local workers.
The committee, however, said the cooperation faced limitations, mostly due to the lack of information and a clear development strategy.
In order to boost the effectiveness of socio-economic cooperation programmes, the committee asked the five provinces to build detailed plans to attract more investment, especially in agro-forestry processing and commodity consumption.
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| A farmer harvest coffee beans |
The region achieved a GDP growth of 7.06% or nearly VND140 trillion (US$6.16 billion) in the year.
It also attracted 131 investment project totaling VND19.3 trillion (US$849.2 million), including 13 foreign-invested ones.
