An improved business climate has made the Central Highlands province of Dak Lak an attractive destination for both domestic and foreign direct investment (FDI), helping develop the local economy.
The coffee processing sector has four FDI projects valued at nearly 1.46 trillion VND. (Photo: VNA)
Dak Lak (VNA) – An improved business climate has made the CentralHighlands province of Dak Lak an attractive destination for both domestic andforeign direct investment (FDI), helping develop the local economy.
The province is home to 12 FDI projects, mostly from France, India, Japan, theNetherlands, the Republic of Korea, Thailand and the UK, with total registeredcapital of 171 million USD.
Notably, the coffee processing sector has four FDI projects valued at nearly1.46 trillion VND (64.2 million USD). AnIndian-invested coffee plant was established in the province, which can produce10,000 tonnes of instant coffee and 6,000 tonnes of liquid coffee and trade12,000 tonnes of robusta coffee per year.
Another coffee processing company invested by the UK, Dakman Co.,Ltd, canproduce 50,000 tonnes of robusta coffee and 5,000 tonnes of cocoa per year.
The provincial People’s Committee said that FDI attraction still lags behindlocal development demand. Dak Lak is working to lure FDI in agriculture, renewable energies andtourism.
Along with renewing methods of investment promotion, the province is providingonline public administrative services to aid investors.-VNA
More and more domestic and foreign investors have poured cash into the Central Highlands province of Dak Lak in recent years, contributing to the local socio-economic development.
The Central Highlands province of Dak Lak has attracted many official development assistance (ODA) and foreign direct investment (FDI) projects as well as non-governmental assistance, including funds from the Republic of Korea (RoK).
A delegation Dak Lak, led by Vice Secretary of the provincial Party Committee Y Bier Nie, held a workshop in Sydney, Australia to call for Australian investment in the province.
Poor localities in the Central Highlands region have benefited from a Government programme to build irrigation systems, rural transportation systems and markets, public works, and support production.
The Central Highlands province of Dak Lak has attracted numerous projects by domestic and foreign investors in recent years, according to the provincial authorities.
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The coffee processing sector has four FDI projects valued at nearly 1.46 trillion VND. (Photo: VNA) 
