Central Highlands hopes on linkages for higher growth

Vietnam’s coffee capital, the Central Highlands, is looking forward to partnering with other developed centres and localities around the country in long lasting, specific cooperation projects to fully tap its potentials.
Vietnam’s coffee capital, the Central Highlands, is looking forward topartnering with other developed centres and localities around thecountry in long lasting, specific cooperation projects to fully tap itspotentials.

Future partnerships are expected to be set up during aconference on investment promotion and social welfare in the CentralHighlands, which is scheduled for April 12 in Pleiku city, Gia Laiprovince, it was reported at a press briefing in Gia Lai on April 1.

Theconference also looks to bolster the linkages among localities in theregion towards a robust socio-economic growth for the entire area, whichhas a total land area of 54,461 square kilometres with 5.1 millionpeople and holds a key strategic position in the national economy,politics, security and defence.

It will hear economicorganisations and investors’ opinions regarding local management andadministrative procedures for further improvement, said Tran Viet Hung,Deputy Head of the Central Highlands Steering Committee.

At thepress briefing, Hung also reported that t he Vietnam Bank forAgriculture and Rural Development (Agribank) will invest 6 trillion VNDto develop farm products and coffee tree plantation in the CentralHighlands.

This is one of the projects onsustainable social welfare development and investment attraction in theregion, the work that will see the involvement of other commercialbanks, Hung noted.

The Bank for Investment and Development ofVietnam (BIDV) plans to sign contracts worth 7.3 trillion VND withregional businesses while the Vietnam Joint Stock Commercial Bank forIndustry and Trade (VietinBank) has committed to providing almost 40billion VND for social welfare programmes in the region.

The Central Highlands is home to five provinces, namely Kon Tum, Gia Lai, Dak Lak, Dak Nong and Lam Dong.

In 2012, the region made a GDP growth of 11.8 percent, with per capitaincome averaging 26.9 million VND (1,287 USD) and export revenuerecording a year-on-year increase of 11 percent.-VNA

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