Record capital pledged for Central Highlands

Bankers and investors have pledged to pour over VND 100,000 billion in the Central Highlands.

PM Nguyen Xuan Phuc speaks at the Central Highlands Investment Promotion Conference in Buon Ma Thuot, Dak Lak on March 11, 2017. Photo: VGP

The related investment documents were announced on Saturday at the Central Highlands Investment Promotion Conference in Buon Ma Thuot, Dak Lak province with the participation of PM Nguyen Xuan Phuc.

Speaking at the conference, PM Phuc stressed that the Central Highlands is fulcrum for the development of the whole Central, Southeast and Southwest regions.

However, the Central Highlands still remains a promising land after 40 years since its liberation as advantages have not been fully tapped and the region’s exports are mainly raw.

It is bestowed with nearly two million hectares of fertile bazan soil, accounting for up to 60% of the country’s total volume, thus it has great potential for industrial plants like coffee, pepper, and cocoa among others.

The Government chief pointed out that Viet Nam is the biggest pepper export but the gain just less than US1.5 billion as the export value of black pepper is lower than that of red and white pepper.

Meanwhile, Viet Nam only fetches around US$3.5 billion in exporting coffee though it is the second biggest exporter.

PM Phuc also said tourism sector failed to exploit the region’s great potentials.

The key for the prosperity of the region is how to develop agricultural-forestry-medicine processing as well as a remarkable tourism symbol of the nation, he suggested.

He urged each of the Central Highlands provinces to develop a programs on improving business environment as part of solutions to realize the aforesaid vision.

The Central Highlands needs think about sustainable development to ensure long-term security. One of the factors to guarantee security is economic growth, PM Phuc said.

PM Phuc took the occasion to assure investors that Viet Nam will continue maintaining macroeconomic and currency stability, protecting property and human rights, and reforming business environment to reach the top level in ASEAN.

Source VGP