The Government leader expressed his hope that investors will make effective investment and long-term business in the province, ensuring harmony of interests among businesses, people and the State.
He also asked ministries and sectors to coordinate with and create favourable conditions for Gia Lai to overcome difficulties, optimise its resources and promote its potential and strength for further development in a spirit of sincerity, trust and responsibility.
At the conference, Gia Lai called for investment in 112 projects in the 2022-2025 period, focusing on infrastructure construction, agro-forestry product processing, construction material, agriculture, forestry, trade, service and tourism.
In 2016-2020, the locality drew 515 projects worth VND83 trillion (US$3.58 billion), five times higher in the project number and 36-time rise in capital from the previous five-year period.
In 2021, the province approved investment policy for 60 projects worth more than VND29 trillion (US$1.25 billion). Investors are also proposing 172 other projects with a total investment of about VND67 trillion. So far, many large Vietnamese and foreign groups have made their presence in Gia Lai with many large-scale projects.
According to Chairman of the People’s Committee of Gia Lai Vo Ngoc Thanh, as the gateway of the region, Gia Lai has become a centre for trade and services in the Cambodia-Laos-Vietnam development triangle and an important connection point between the Central Highlands region and localities in the central and southeastern regions.
Gia Lai has a large farming area of 845,000 hectares, which is suitable for developing fruit trees with high economic value. It also boasts favourable conditions for industry, trade, especially processing and renewable energy.
Currently, the province has made planning for 21 industrial clusters, he said, adding that Gia Lai is in need of investment in high-tech agriculture, processing, renewable energy and tourism.
At the conference, PM Chinh witnessed the granting of investment policy decisions for 17 projects with a total investment of VND15 trillion (US$647.38 million) and the signing of 29 memorandums of understanding with a total registered capital of more than VND115 trillion (US$4.96 billion).