Hanoi (VNS/VNA) - The Government has planned toinvest a total capital of 1.25 trillion VND (54.3 million USD) tothree large projects in the Central Highlands region, focusing onagricultural production, wood processing and realestate.   

According to Deputy Minister of Planning and Investment Tran Duy Dong,the Central Highlands has become a large-scale production area for several keyagricultural products, especially industrial crops and fruit trees.

At the same time, he said socio-economic infrastructure, especiallytransport infrastructure, had received a lot of attention and investment,greatly improving the connection between provinces in the region and betweenthe region and the whole country. As a result, some localities have madebreakthrough development, creating bright spots in the region and the wholecountry.

Dong said: "Compared to other economic regions, the 1.25trillion VND investment is not large, but compared to the CentralHighlands region in previous years, the number is veryrespectable."

He said the Government had recognised many domestic and foreignenterprises interested in investing in the Central Highlands. There are manymemorandums of understanding, with billions of dollars in capitalflows in agriculture, forestry, commerce, and transportation.

However, Dong noted the socio-economic development of the CentralHighlands region still had limitations, inadequacies, difficultiesand challenges, adding the regional economic growth rate wasunsustainable and tended to slow down. 

Among the six socio-economic regions of the country, the GRDP per capita of theCentral Highlands was still the lowest.

He said if those limitations and inadequacies could be overcome,combined with the potentials, advantages and resources that have not beeneffectively exploited, the region would soon develop strongly.

Seeing ten potential, the Politburo issued Resolution No. 23-NQ/TWdated October 6, 2022, on the direction of socio-economic development andassurance of national defence and security in the Central Highlandsuntil 2030, vision to 2045 with some new focus on promoting thedevelopment of transport infrastructure of the Central Highlands, connectingwith other regions.

Accordingly, in the resolution, nine important transport projects in theCentral Highlands region from 2030 to 2045 will be invested,including five important road projects, namely Quy Nhon– Pleiku, Khanh Hòa – Buon Me Thuot, Tan Phu – Bao Loc, Bao Loc– Lien Khuong and Gia Nghia – Nhon Trach.

The investment would help the Central Highlands connect with otherkey economic regions, especially the south-central economic region, andto help the Central Highlands develop tourism in the coming time, saidDeputy Minister Dong./.