Tapping into local advantages
Since the start of the year, the province has attracted 144 projects with a total investment of 78 trillion VND (2.96 billion USD), including 14 foreign-invested projects worth 1.4 billion USD.
Localities such as Chu Se, Duc Co, Ia Grai, Chu Prong, Phu Thien, Quy Nhon and Van Can are emerging as new investment destinations thanks to their abundant land and labour resources, as well as the active support of local authorities.
Commenting on this, Doan Nguyen Duc, Chairman of Hoang Anh Gia Lai Group, said: “I have been to Ho Chi Minh City, where many national brands started from scratch and have developed sustainably. This shows that if there is the right strategy, well-trained personnel, and the ability to utilise our internal strengths, we can succeed. Success does not come from luck but from a systematic approach.”
One of Gia Lai’s priorities is to enhance market access. The province is working to build a modern economic system that is closely connected with the country’s major economic centres and with the world.
Gia Lai pays special attention to developing the private sector, especially innovative start-ups and high-tech enterprises, pledging to support and create a favourable and transparent business environment for investors.
According to Associate Professor Pham Trung Luong, former Deputy Director of the Institute of Tourism Development Research, Gia Lai needs to clearly define its identity and resources - the factors that differentiate the province from others and attract both visitors and investors.
Supporting enterprises and investors
With its large land area, abundant natural resources, distinctive Central Highlands culture, and advantages in terrain and climate, Gia Lai holds great potential to develop sectors such as high-tech agriculture, renewable energy, manufacturing, and ecotourism. However, the province’s economic scale remains modest compared to its potential.
To achieve the goal of attracting 165 projects by 2025 and promoting sustainable development, Gia Lai has identified a number of key measures. These include continuing to improve the investment climate by accelerating administrative reform, publicising planning information, and assisting investors with access to land, infrastructure and human resources. The province is also actively engaging with domestic and foreign enterprises and compiling a list of feasible projects to call for investment.
Gia Lai has formulated a vocational training plan under which it will collaborate with universities and colleges within and outside the province to develop a high-quality workforce that meets the needs of industrial development, high-tech agriculture and services.
In the energy sector, Gia Lai is attracting investment in wind and solar power projects, renewable energy and green industries. At the same time, the province is developing eco- and cultural tourism areas linked with the preservation of forests and natural resources.
Gia Lai gives high priority to manufacturing, renewable energy, high-tech agriculture, ecotourism and smart city development, particularly building an innovation ecosystem that connects enterprises with educational institutions.
Gia Lai Chairman Pham Anh Tuan affirmed that the province has implemented a range of measures to improve the investment climate, including expanding its road network, upgrading airports, and developing industrial parks. The province pledges to create optimal conditions for investors in terms of land, tax, credit and administrative procedures.
Tuan emphasised that by regarding enterprises’ success as the province’s success, Gia Lai will continue supporting businesses and addressing the challenges they face to ensure projects are implemented on schedule.
In the coming time, Gia Lai will continue to leverage its internal and external strengths to make breakthroughs in investment attraction, contributing to the fulfilment of socio-economic development targets for the 2025-2030 period, with a vision to 2050.
