Efforts to improve the investment environment

Dak Lak Provincial People's Committee has resolutely proposed solutions for economic and social development. Improving the competitiveness of the economy, building a safe, stable and attractive investment environment for domestic and foreign investors. Thanks to that, the locality has achieved positive results in attracting investment in many fields.

Promote advantages and potentials

Dak Lak has fertile land, favorable for growing crops with high economic value. Currently, this locality has the 4th largest natural area in the country. In particular, Dak Lak has the 2nd largest agricultural land area in the country (after Gia Lai province) with more than 600,000 hectares. Thanks to flat, fertile land, favorable for growing crops with high economic value such as: coffee, rubber, pepper, durian as well as fruit trees.

At the same time, the locality is also located in the center of the Central Highlands region, with great potential for developing renewable energy, eco-tourism, healthcare,education , etc. Therefore, investment promotion is always of special interest to the Provincial People's Committee, departments, branches, and local authorities. In the period of 2021 - 2023, Dak Lak attracted 57 projects with an investment capital of about 29,000 billion VND. Investors mainly poured capital into the fields of energy, mining, high-tech agricultural production, trade, services, etc.

In 2024 alone, the Dak Lak Provincial People's Committee approved investment policies for 12 projects with a total investment capital of VND 2,894 billion. Compared to the same period, the total registered capital increased by VND 1,931 billion. The investment projects have contributed to shifting the economic structure, creating jobs for workers, making significant contributions to the local budget, thereby promoting economic and social development in the area.

Regarding investment activities in industrial parks, according to the Department of Planning and Investment of Dak Lak province, the locality currently has 233 investment projects in industrial parks and clusters, with a total registered investment capital of VND 13,343 billion. Specifically, in Hoa Phu industrial park, there are 58 projects registered for investment, with a total capital of VND 6,343 billion. Of which, there are 5 projects with 100% foreign direct investment (FDI), with a total registered investment capital of about VND 2,092 billion. For 9 industrial clusters, there are 175 investment projects with investment policies, with a total registered capital of about VND 7,000 billion; the industrial land area leased to enterprises is 278 hectares.

Dak Lak strives to improve investment environment to attract businesses

There are still difficulties and challenges.

According to Mr. Vo Ngoc Tuyen, Director of the Dak Lak Department of Planning and Investment, in previous years, the locality had a Provincial Competitiveness Index (PCI) at the national average; in 2022 alone, it dropped 26 places compared to 2021, ranking 60/63 provinces and cities. The reason is that in 2022, the Covid-19 pandemic broke out widely, in the area, mainly small and medium enterprises, not strong in scale and production and business experience, so they encountered many difficulties.

In 2023, Dak Lak province is determined to improve the business investment environment and improve the PCI ranking, so it has seriously acknowledged the shortcomings and inadequacies to propose solutions to overcome them and improve business satisfaction. Thanks to that, the local PCI in 2023 has increased by 9 ranks compared to 2022.

However, due to many objective reasons, Dak Lak's PCI index is still low, ranking 51/63 provinces and cities, not reaching the goals and expectations set by the province. In particular, the large area, large population, and inadequate infrastructure for production and business enterprises, transportation of agricultural and forestry products or land clearance are the main reasons.

Mr. Tuyen said that to improve the investment environment and business confidence, it is necessary for the entire political system to pay attention and take drastic measures with strong and effective solutions. The top solution is to implement good communication and revive the dynamic and pioneering spirit of departments, branches, sectors and localities.

At the same time, ensure the stability and consistency of the development and implementation of legal policies; enhance the role and responsibility of the staff, civil servants, taking the satisfaction of people and businesses as the goal. It is necessary to make efforts to reform administrative procedures, reduce costs for businesses, and create an equal business environment. Increase meetings, dialogues, and support businesses... to promptly resolve difficulties, thereby creating an open, friendly, and professional investment and business environment.

Source: https://thoibaonganhang.vn/no-luc-cai-thien-moi-truong-dau-tu-157356-157356.html