In a bid to become the driving economic force of the Central Highlands region and the wider Cambodia-Laos-Vietnam Development Triangle Area, the province is stepping up efforts in improving the business and investment climate.
Gia Lai launched a new model for administrative procedures in May. New business licences are issued in just 2 days while most other business administrative procedures are aimed to be done within the day. Businesses are saving both time and money.
The province is doing a good job in attracting investments. Its policies on land tax really favour businesses. The Department of Planning and Investment and Department of Natural Resources and Environment are really helpful to businesses.
Gia Lai has established an Investment Promotion Council featuring representatives from the people's committee, relevant departments and localities. The council directly evaluates investment projects and helps firms overcome difficulties. The province was ranked 13 out of 63 provinces in terms of the 2015 Public Administration Reform Index, a leap of 38 places compared to 2014.
With improving infrastructure, favourable geographical position as well as home to high-value industrial crops such as coffee, pepper and rubber, Gia Lai is becoming more attractive to both local and international investors. In the time to come, the province will focus on calling for investment in tourism and high-tech agriculture.
