Business

Dak Lak works to attract foreign investment

The Central Highlands province of Dak Lak is hosting 10 foreign direct investment (FDI) projects totalling 173.7 million USD, revealed a senior provincial leader.
The Central Highlands province of Dak Lak is hosting 10 foreigndirect investment (FDI) projects totalling 173.7 million USD, revealed asenior provincial leader.

The projects are mainlyin agricultural products and animal feed processing, bio fuelmanufacturing, trade and services, said Y Dham Enuol, Deputy StandingChairman of the provincial People’s Committee.

AnIndian-invested coffee processing factory with a capacity of 10,000tonnes per year is now the biggest and most effective FDI firm in thelocality, he said.

Dak Lak also has 23 ODA projectsworth a combined 8.3 billion VND (382,381 USD) together with a number ofgrants worth 23.89 million USD from non-governmental organisations forpoverty reduction and social welfares.

However, theofficial held that the investments are still modest and make limitedcontributions to the socio-economic growth of the locality.

Enuol said the province will urge local Departments of ForeignRelations and Planning and Investment to provide information on localprojects and policies to call for more investments.

The province will also propose the Foreign Ministry help introduce DakLak’s potential to foreign investors while supporting the locality inchoosing suitable partners for long-term partnerships.

Meanwhile, the province will organise trade promotion programmes tofully tap its potential, contributing to improving local livingconditions, added the official.-VNA
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