Business

Gia Lai province attracts 846 million USD in investment in early January

Industrial projects accounted for the bulk of new investment, with six projects worth nearly 19.8 trillion VND.

Gia Lai province attracts 12 investment projects worth more than 22.2 trillion VND (846 million USD) in the first nine days of January. (Photo: VNA)
Gia Lai province attracts 12 investment projects worth more than 22.2 trillion VND (846 million USD) in the first nine days of January. (Photo: VNA)

Hanoi (VNS/VNA) - The Central Highlands province of Gia Lai attracted 12 investment projects worth more than 22.2 trillion VND (846 million USD) in the first nine days of January, provincial authorities said, as industry and renewable energy projects dominated new inflows.

According to Deputy Director of the Gia Lai Department of Finance Nguyen Van Chau, industrial projects accounted for the bulk of new investment, with six projects worth nearly 19.8 trillion VND announced between January 1 and 9.

Agriculture, forestry and fisheries attracted two projects valued at about 205 billion VND, while real estate and urban development drew two projects worth around 1.51 trillion VND. Two infrastructure projects accounted for a combined 720 billion VND.

Three renewable energy projects made up a significant share of new approvals, including Vinh Thuan wind power project by VinEnergo Energy JSC, valued at about 4.68 trillion VND, and Van Canh 1 and Van Canh 2 wind power projects by Sai Gon-Bac Giang Industrial Park Corp, with combined investments exceeding 14.6 trillion VND.

Residential real estate approvals included a social housing project with a total investment of over 1.25 trillion VND and a townhouse and villa development project valued at more than 262 billion VND.

Chau said two industrial cluster infrastructure projects, Canh Vinh 1 and Canh Vinh 2, each valued at 360 billion VND, were also approved.

He added his department has submitted five additional projects to the provincial People's Committee for investment policy appraisal, including a high-tech forestry project and a commercial, services and housing complex in Pleiku City.

To improve the investment climate, the Chairman of the provincial People’s Committee has approved an operational framework for a business support hotline, effective from early this year.

Gia Lai has also shortened the time needed to issue business registration certificates from three days to three hours. Companies are now allowed to submit applications regardless of administrative boundaries, a move aimed at reducing costs and processing time.

In 2025, the province, including former Gia Lai and Binh Dinh provinces, attracted 192 projects with a total registered capital of nearly 160 trillion VND. Foreign direct investment accounted for more than 1.4 billion USD across 16 projects./.

VNA
#Gia Lai #investment #renewable energy #Vinh Thuan wind power project #industrial cluster infrastructure Gia Lai
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