Dak Lak (VNA) – The Central Highlands provinces,mostly Lam Dong, Dak Lak and Gia Lai, have attracted more and more investors,according to the Standing Board of the Steering Committee for the CentralHighlands.

In 2017 alone, regional localities lured 235 domesticprojects worth more than 103.3 trillion VND (4.59 billion USD), up nearly 203percent from 2016 and 9 foreign-invested projects valued at nearly 110 millionUSD.

In Dak Lak, 75 projects were approved with a totalregistered capital of around 4 trillion VND, marking a 17.19 percent increasein volume and a 2.46-fold rise in value. Tens of projects using non-Statecapital have been put into operation in the province.

Apart from holding investment attraction conferences, theprovincial Departments of Planning and Investment have improved businessclimate and administrative reform.

Regional provinces publicised incentives regarding landlease, corporate income tax, agriculture and rural development.

In Dak Lak districts and towns, investors are eligible forland lease exemption during infrastructure construction period and the next 11years.

In Buon Ma Thuot city, land lease will also be waived duringbasic construction and the next seven years, depending on each business field.

In regional districts and towns, businesses will enjoyfour-year corporate income tax exemption and 50 percent corporate tax reductionfor the next nine years since earning profits.

The localities also paid attention to planning on transportinfrastructure, industrial parks, telecommunications, electrical and watersupplies and land to create favourable conditions for investors.

They are calling for investment in high-tech agriculture,organic farming, tourism, resort, farm produce processing and renewableenergy.-VNA