HCM City’s businesses invest 68 trillion VND in Central Highlands
Over 200 enterprises from Ho Chi Minh City have poured nearly 68 trillion VND (about 3 billion USD) into 287 projects in the Central Highlands, according to the region’s Steering Committee.
A farmer harvests coffee beans in Dak Lak province (Source:VNA)
Dak Lak (VNA) - Over 200 enterprises from Ho Chi Minh City have poured nearly 68 trillion VND (about 3 billi💝on USD) into 287 projects in the Central Highlands, according to the region’s Steering Committee.
The investment cooperation between HCM City and five provinces in the Central Highlands – Dak Lak, Gia Lai, Kon Tum, Dak Nong, and Lam Dong – has involved a number of fields, including agro-forestry, ecological tourism, mining, and hydropower.
The investment from the city has helped drive socio-economic development in the region, making a great contribution to the State♑ budget and creating thousands of jobs for local workers.
The committee, however, said the cooperation faced limitations, mostly due to the lack of information and a clear development strategy.
In order to boost the effectiveness of socio-economic cooperation programmes, the committee asked the five provinces to build detailed plans to attract more investment, especially in agro-forestry processing and commodity consumption.
Last year, the Central Highlands recorded a population of 5.5 million, 36.85 percent of which were from 53 ethnic minoriܫty groups.
The region achieved a GDP growth of 7.06 percent or nearly 140 trillion VND (6.16 billion USD) in the year.
It also attracted 131 investment project totaling 19.3 trillion VND (849.2 million USD, including 13 foreign-invested ones.-VNA
Preferential loans from the Vietnam Bank for Social Policies have helped lift 121,000 households in the Central Highlands region out of poverty since 2013.
The Central Highlands province of Gia Lai strives to achieve sustainable economic growth in the 2016-2020 period with a Gross Regional Domestic Product (GRDP) growth rate of 7.5 percent in 2016.
Despite the negative impacts of prolonged drought, the Central Highlands region still saw positive socio-economic development in 2015, with its GDP valued at nearly 140 trillion VND, up 7.06 percent.
The number of poor households in the Central Highlands region has dropped to 8.5 percent with the rate among ethnic minority groups standing at 18 percent.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A farmer harvests coffee beans in Dak Lak province (Source:VNA)
