Danang Hi-Tech Park
Dinh Vu

Local Economy

Last updated: Wednesday, June 20, 2018


Adding Effort to Develop Trade, Investment, Tourism

Posted: Thursday, April 19, 2012

Dak Lak province has made a significant progress in trade, investment and tourism in recent years, meeting the demand of local people as well as driving economic development. In the coming time, the province has spent much of its budget to speed up the development of these fields, and support enterprises to search for markets and opportunities to cooperate with other enterprises.
Getting better
The trade sector of Dak Lak has made long progress in development, particularly in Buon Ma Thuot City - the provincial capital. Many trade centres are effectively operating, including Saigon Co.op Mart and Intimex. In addition, some projects are being carried out or calling investment capital, including Metro Supermarket, trade centres and supermarkets in Krong Buk, Ea Kar and Cu M'gar districts. From this foundation, Dak Lak province is looking to build an open market economy.
Total turnover of retail goods is on the rise. Goods on the market are diversified in design and type. The supply of policy-based goods for minority peoples is emphasised. The programme that sends Vietnamese goods to rural areas is effectively carried out. Therefore, investors are very interested in commercial projects in the province.
In recent years, Dak Lak has focused on maintaining and developing Central Highlands-specific cottage industries like brocade weaving, wine and handicrafts with the purpose of preserving the Central Highlands cultural identity and creating jobs for local people, an essential contribution to the stability of the countryside economy.
The Dak Lak tourism sector is also considered fertile ground for companies because the province is endowed with many beautiful landscapes and unique cultures. To support this industry, the province needs investment capital to build infrastructure like hotels, restaurants and motels.
According to its development objectives in 2012, total retail revenues will reach VND27,951 billion, export turnover will arrive at US$740 million, up 13.8 percent from 2011, and import spending will come to US$24 million, up 20 percent. The province strives to bring its export and import turnover to US$800 million to US$1 billion by 2020.
Offering more support
In order to support enterprises in trade, investment and tourism promotion activities, the Dak Lak Provincial People's Committee issued Decision 287/QD-UBND to approve trade, investment and tourism promotion programmes in 2012 with a total budget of VND2.7 billion.
Supported fields will include processed coffee branded Buon Ma Thuot, wooden furniture, handicraft, honey, rubber, cashew, black pepper and other refined products. The province will also assist cooperatives and traditional craft villages to boost their popularity and introduce tourism products to domestic and international tourists. Companies will be helped to seek new markets.
According to Mr Ly Thanh Tung, Director Investment, Trade and Tourism Promotion Centre, basing on programmes approved by the Provincial People’s Committee for 2012 in couple with support of national trade promotion programmes and effort of enterprises, the centre will facilitate and encourage enterprises to take part in national and international trade fairs, organise many business matching events and exchanges for concerned businesses in the country and in the world to seek business investment cooperation.
When participating in trade fairs in the province, they will be supported 50 percent of booth rent, and 50 percent of transportation costs from Buon Ma Thuot City to other towns and districts of the province. When joining trade fairs and exhibitions in Vietnam, they will be financed 50 percent of transportation costs and booth rent. 
Taking part in overseas trade fairs and exhibitions, they will be granted 50 percent support of booth rent and one-way outward transport costs. In addition, the centre will organise more training courses in order to constantly improve knowledge, capacity and competency in the process of integration. It will host many conferences and meetings with the aim of attracting investment capital for trade, investment and tourism sectors to maintain rapid and sustained growth, and achieve social and economic targets set for 2012.
Dak Lak will also support all expenses for collecting and providing information, connecting information on trade, investment and tourism promotion, advertising on mass media channels, deploying e-commerce, applying information technology, publishing promotional publications like CDs, VCDs and books to serve trade, investment and tourism promotion.
Huyen Phuong

Other news

Trien lam ICT
Sunny World Property Development Corporation
Thanh Binh Phu My
Golf Long Thanh
Nam Kim
Cty Sai Gon- Tay Bac