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 projects are mainly in agricultural products and animal feed processing, bio fuel manufacturing, trade and services, said Y Dham Enuol, Deputy Standing Chairman of the provincial People’s Committee.

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

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

However, the official held that the investments are still modest and make limited contributions to the socio-economic growth of the locality.

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

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

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