Central Highlands attractive to more investors

 

Dak Lak (VNA) – The Central Highlands provinces, mostly Lam Dong, Dak Lak and Gia Lai, have attracted more and more investors, according to the Standing Board of the Steering Committee for the Central Highlands.

In 2017 alone, regional localities lured 235 domestic projects worth more than 103.3 trillion VND (4.59 billion USD), up nearly 203 percent from 2016 and 9 foreign-invested projects valued at nearly 110 million USD.

In Dak Lak, 75 projects were approved with a total registered capital of around 4 trillion VND, marking a 17.19 percent increase in volume and a 2.46-fold rise in value. Tens of projects using non-State capital have been put into operation in the province.

Apart from holding investment attraction conferences, the provincial Departments of Planning and Investment have improved business climate and administrative reform.

Regional provinces publicised incentives regarding land lease, corporate income tax, agriculture and rural development.

In Dak Lak districts and towns, investors are eligible for land lease exemption during infrastructure construction period and the next 11 years.

In Buon Ma Thuot city, land lease will also be waived during basic construction and the next seven years, depending on each business field.

In regional districts and towns, businesses will enjoy four-year corporate income tax exemption and 50 percent corporate tax reduction for the next nine years since earning profits.

The localities also paid attention to planning on transport infrastructure, industrial parks, telecommunications, electrical and water supplies and land to create favourable conditions for investors.

They are calling for investment in high-tech agriculture, organic farming, tourism, resort, farm produce processing and renewable energy.-VNA