The Steering Committee for the Central Highlands has instructed the regional localities to develop strategies in a bid to draw more foreign direct investment (FDI).

The efforts will be focused on implementing key projects, training high-quality human resources and reforming administrative procedures towards the “one-stop” model.

Promotion activities are also being expanded to lure more investment, ultimately contributing to socio-economic development and improving local living conditions.

The region is now home to 148 FDI projects, with total registered capital exceeding 819 million USD.

Since 2011, as many as 38 projects worth 122 million USD have been licensed, mostly in Lam Dong.

According to the committee, the Republic of Korea leads the 10 countries and territories which have invested in the region, with 14 projects worth 38.6 million USD. It is followed by the Netherlands, with three projects worth 26.2 million USD.

A majority of the projects operate in the processing industry, agriculture and wholesale and retail business.-VNA