As the economic hub of the South Central Coast - Central Highlands region, Dak Lak is taking decisive steps to improve the business environment and introduce a range of breakthrough policies aimed at attracting investment resources.

A wide range of incentives

Dak Lak has rolled out a comprehensive package of incentives at the highest levels permitted under current regulations, alongside locally tailored support mechanisms, particularly in land assistance, land rental exemptions along with reductions, and site clearance. Projects in priority sectors such as agricultural processing, eco-tourism, logistics, healthcare, and education are entitled to a variety of tax as well as investment incentives. Experts and highly skilled professionals working in province-wide state agencies combined with public service units are also eligible for five-year personal income tax exemptions.

High-tech agriculture remaining one of Dak Lak’s priority sectors for investment attraction.

In addition, the province continues to maintain support policies for enterprises investing in agriculture and rural areas; establishing specific criteria for investor selection through land-use project bidding; while developing regulations to reduce or waive multiple fees and charges to further support enterprises together with investors.

Comrade Do Huu Huy, Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee and PPC Chairman, said that alongside these preferential policies, the province is accelerating adjustments to the provincial planning along with other key urban planning schemes to establish a solid foundation for attracting investment. Preparations are also being accelerated for the Provincial Planning Announcement and Investment Promotion Conference, aimed at attracting major projects coupled with strategic investors.

Commitment to supporting investors

Beyond offering incentives, Dak Lak is focused on building a modern, enabling and service-oriented administration that accompanies enterprises throughout the investment process. Provincial authorities have instructed departments alongside agencies to simplify investment procedures and facilitate project implementation.

Dak Lak developing integrated transport connectivity to support investment attraction.

Through direct dialogue channels such as the Entrepreneurs' Coffee Programme, alongside the effective operation of the PPC Chairman’s Special Task Force, concerns along with proposals from businesses and investors have been received as well as addressed in a timely manner.

During meetings and working sessions with investors, comrade Luong Nguyen Minh Triet, Member of the Party Central Committee and Secretary of the Provincial Party Committee, directed relevant agencies to focus on resolving specific obstacles faced by enterprises and investors. Simultaneously, he called for stronger AR combined with more effective working methods; greater accountability among officials; and broader application of digital platforms to process procedures more quickly as well as efficiently for enterprises and investors.

Through the coordinated implementation of these measures, Dak Lak is steadily reinforcing its position as a safe, attractive together with promising investment destination, ready to cooperate with investors in creating new value and driving sustainable prosperity.

Translated by KHUONG THAO