A forum to promote investment in the Central Highlandswrapped up in Buon Ma Thuot city on September 5 with more than 120projects in various industries in the region sealed.
Almost 60 projects were inked in farm-forestry processing, 24 intourism, 20 in industry, eight in urban development and 10 in healthcare, education and transport at the Forum on Investment Promotion forthe Central Highlands, initiated by the Central Highlands SteeringCommittee, the Ministry of Planning and Investment and CentralHighlands provinces.
The event brought together 500 local and foreign investors,representatives from international financial institutions andorganisations and foreign embassies in Vietnam .
Addressing the event, Deputy Prime Minister Truong Vinh Truongemphasised that the Party and State have for a long time recognised theCentral Highlands ’ important position as well as its potential,advantages and difficulties in socio-economic development.
That is the reason why the Party and the State have given a specialattention to the region by adopting plans, policies, investment andother forms of wide-ranging assistance for its development, the DeputyPM underscored.
After 20 years of renovation, the Central Highlands has attainedimportant socio-economic achievements with GDP growth rate reachingover 10 percent in the 2001-05 period, farming production developing ina fast and comprehensive manner, living conditions of ethnic minoritypeople being improved remarkably and poverty rate dropping.
The Deputy PM noted that apart from ensuring food security for itspeople, the region has formed a concentrated zone for the farming ofindustrial crops with high economic value, including coffee, rubber,pepper, cashew and tea.
Trong, however, pointed to weaknesses and limitations facing the regionin the course of socio-economic development, including a unsustainablegrowth, uneven economic structure shifting, and low foreign investmentflow which totalled 1.2 trillion VND and 280 million USD in 110projects since 2001 to date.
In addition, the Central Highlands’ infrastructure still fails to meetrequirements for the region’s development, the quality of humanresource and indexes on education, training and vocational trainingremain low, and poverty continues to plague remote areas.
The Central Highlands boasts a natural land acreage of over 5.4 millionha (which accounts for 16.5 percent of the country’s land) and apopulation of more than 5 million people.
In addition to an abundant forest resource, the region is endowed withfertile soil, especially red basalt soil that is favourable for growingindustrial crops with high economic value, and rich minerals.
The region is home to 47 ethnic groups, who boast diverse and uniquecultures with numerous intangible and tangible cultural heritages,including the space of Gong, which has been recognised by the UNESCO asan Oral and Intangible Masterpiece of Humankind./.
Almost 60 projects were inked in farm-forestry processing, 24 intourism, 20 in industry, eight in urban development and 10 in healthcare, education and transport at the Forum on Investment Promotion forthe Central Highlands, initiated by the Central Highlands SteeringCommittee, the Ministry of Planning and Investment and CentralHighlands provinces.
The event brought together 500 local and foreign investors,representatives from international financial institutions andorganisations and foreign embassies in Vietnam .
Addressing the event, Deputy Prime Minister Truong Vinh Truongemphasised that the Party and State have for a long time recognised theCentral Highlands ’ important position as well as its potential,advantages and difficulties in socio-economic development.
That is the reason why the Party and the State have given a specialattention to the region by adopting plans, policies, investment andother forms of wide-ranging assistance for its development, the DeputyPM underscored.
After 20 years of renovation, the Central Highlands has attainedimportant socio-economic achievements with GDP growth rate reachingover 10 percent in the 2001-05 period, farming production developing ina fast and comprehensive manner, living conditions of ethnic minoritypeople being improved remarkably and poverty rate dropping.
The Deputy PM noted that apart from ensuring food security for itspeople, the region has formed a concentrated zone for the farming ofindustrial crops with high economic value, including coffee, rubber,pepper, cashew and tea.
Trong, however, pointed to weaknesses and limitations facing the regionin the course of socio-economic development, including a unsustainablegrowth, uneven economic structure shifting, and low foreign investmentflow which totalled 1.2 trillion VND and 280 million USD in 110projects since 2001 to date.
In addition, the Central Highlands’ infrastructure still fails to meetrequirements for the region’s development, the quality of humanresource and indexes on education, training and vocational trainingremain low, and poverty continues to plague remote areas.
The Central Highlands boasts a natural land acreage of over 5.4 millionha (which accounts for 16.5 percent of the country’s land) and apopulation of more than 5 million people.
In addition to an abundant forest resource, the region is endowed withfertile soil, especially red basalt soil that is favourable for growingindustrial crops with high economic value, and rich minerals.
The region is home to 47 ethnic groups, who boast diverse and uniquecultures with numerous intangible and tangible cultural heritages,including the space of Gong, which has been recognised by the UNESCO asan Oral and Intangible Masterpiece of Humankind./.
