Gia Lai province rolls out red carpet for investors
The Central Highlands province of Gia Lai has rolled out the red carpet for investors by offering financial assistance and administrative reforms, said Vo Ngoc Thanh, Chairman of the provincial People’s Committee.
Gia Lai (VNA) – The CentralHighlands province of Gia Lai has rolled out the red carpet for investors byoffering financial assistance and administrative reforms, said Vo Ngoc Thanh,Chairman of the provincial People’s Committee.
The locality has issued policies tofacilitate investment and financial assistance worth up to one billion VND(44,000 USD) per project.
Administrative reform has been enhanced toimprove the business climate, with measures such as shortening the time requiredto register assets attached to land to no longer than 14 days, and 10 days by2020; as well as time consumed to approve environmental impact reports.
Dialogues between authorities andenterprises have been increased to get business’ input on policies.
The province has instructed relevantauthorities and localities to strictly obey relevant policies to support localinvestment projects.
The province has approved a list of 61projects calling for investment from 2016-2018 in different sectors, worth atotal of more than 25 trillion VND (1.1 billion USD).
During the investment promotion conferencein December 2016, the provincial People’s Committee granted investment licensesto 10 projects.
Investors have registered to invest in 12 projects, worth a total of more than 20 trillion VND (880 millionUSD), of which four are in hi-tech agriculture, with combined investment exceeding2.6 trillion VND (114.4 million USD).-VNA
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Illustrative image (Photo: VNA) 
