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.