Central Highlands gets huge investment

A booth at a coffee festival in Buon Ma Thuot city, Dak Lak province. (Source: VNA)

Dak Lak (VNA) – Domestic and foreign investors have registered to pour 86 trillion VND (3.86 billion USD) into 25 projects in Central Highlands provinces between now and 2020, according to the Steering Committee for the Central Highlands.

Of which, Dak Lak is the largest recipient with 15 projects and 83.9 trillion VND (3.76 billion USD).

Currently, four projects in Dak Lak province have received investment licences. Three of them are solar energy plants.

They include a 2,000MW solar power plant with an investment of 2.2 billion USD covering over 4,192 ha in Ea Sup district, a 500MW plant in Buon Don and Ea Sup districts with 16.87 trillion VND (742 million USD) invested by the US’s AES Group and another with a capacity of 250MW also in Ea Sup district.

Over the past time, the region has issued a number of preferential mechanisms and policies as well as simplified administrative procedures to attract investors.
 
According to the Steering Committee, from 2011 to 2015, the total investment in the Central Highlands reached 265.7 trillion VND (11.9 billion USD), double the amount of the 2006-2010 period.

The Central Highlands region includes five provinces – Dak Lak, Lam Dong, Gia Lai, Dak Nong and Kon Tum – with great potential for tourism and industrial trees like coffee and pepper.-VNA