Dak Nong expects boost in investment attraction hinh anh 1Dak Nong has great potential for tourism development thanks to beautiful landscape. In the photo: A corner of Ta Dung Nation Park in the province (Source: VNA)

Dak Nong (VNA)
– An investment promotion conference on January 14 is expected to create a boost in the investment flow into the Central Highland province of Dak Nong.

Nearly 1,000 delegates and businesspeople at home and abroad will attend the event, the biggest of its kind so far, which is held as part of activities to celebrate the 15th anniversary of the establishment of the province (2004-2019).

Luu Van Trung, Director of the provincial Department of Planning and Investment, said the locality wants to call for domestic and foreign economic groups to invest in the fields of hi-tech agriculture, mining, renewable energy, and tourism, in line with the province’s  development direction for 2015-2020.

The 11th congress of the province’s Party organisation for the 2015-2020 tenure defined three breakthroughs for the local economy, which are mining-energy, processing-hi-tech agriculture, and tourism-service.

According to Trung, at the conference, the provincial People’s Committee will grant investment licences and sign commitment minutes with total registered capital of over 48 trillion VND (over 2 billion USD).

Dak Nong is a gateway to the south of the Central Highlands. It shares a borderline of 130km with Cambodia with two border gates.

The province has large areas of fertile land and mild climate suitable for agriculture, especially industrial crops and fruit trees.

Dak Nong is rich in mineral resources, particularly bauxite. It also has great potential for tourism development thanks to beautiful landscape and the rich culture of local ethnic minority communities.

Local authorities have put forth a number of specific policies and mechanisms to draw investors, including the approval of a resolution in August 2018 to encourage and attract investment in the province.

Besides accelerating administrative reform, the province has promoted the application of information technology and improved the business investment environment.

As a result, hundreds of investment projects in mining, hydropower, agro-forestry processing, and tourism have been carried out.

The province has put into operation two industrial parks on a combined area of 327.5 hectares and it is making a planning scheme for Nhan Co 2 industrial park on over 800 hectares to facilitate investment in mining and aluminium processing projects.-VNA