Farmers harvest coffee in the Central Highlands province of Dak Lak (Photo: VNA)

Dak Lak (VNA) – More and more domestic and foreign investors have poured cash into the Central Highlands province of Dak Lak in recent years, contributing to the local socio-economic development, according to the provincial People’s Committee.

In the first six months this year, Dak Lak lured 29 investment projects, with a total registered capital exceeding 1.47 trillion VND (64.68 million USD), increasing five projects and 2.8 times in value year-on-year.

The province also attracted one foreign direct investment (FDI) project worth 45 million USD during the period, raising its total FDI projects to 12.

The FDI projects, mainly in agricultural product and animal feed processing, planting flowers for export, trade, services and industry, came from the UK, Singapore, Japan, Netherland, France, Thailand, and the Republic of Korea.

The province has called for more foreign and domestic investment in hi-tech agriculture, processing industry, post-harvest agro-forestry-fishery preservation and large-scale livestock farms in tandem with food processing, renewable energy development and support industry.

Investment is also encouraged to go to hi-end resorts, ecotourism sites, hotels, supermarkets and trade centres.

Dak Lak has offered tax and land incentives for investors, particularly those investing in agriculture and rural areas.

It has also continued completing administrative reform to create a favourable, attractive and reliable investment climate for investors.-VNA