Vietnam to invest 10.22 bln USD into Central Highlands by 2020

By：Xinhua Update：2017-03-13

A total of over 230 trillion Vietnamese dong (10.22 billion U.S. dollars) is set to be poured into Vietnam's Central Highlands regions in 2016-2020 period, said the Central Highlands Standing Steering Committee on Friday.

Among the figure, some 51 trillion Vietnamese dong (2.27 billion U.S. dollars) is from the state budget, 7.5 trillion Vietnamese dong (333.33 million U.S. dollars) is from government bonds, while the remaining is provided by domestic and foreign companies, reported Vietnam's state-run news agency VNA.

The capital sources will be used for comprehensive transformation of the agricultural structure towards the goal that by 2020, the Central Highlands will enjoy a large-scale commodity agriculture attached with processing industry with high competitiveness, efficiency, sustainability.

Several brands of key agricultural products of the region will be built including rubber, coffee, cacao, and pepper among others.

In addition, the mining and mineral processing will be developed, with focus on bauxite exploitation and aluminum processing.

According to the committee, during 2011-2015 period, as many as 265.7 trillion Vietnamese dong (11.8 billion U.S. dollars) were invested into the region. In 2016, average income per capita of those in the Central Highlands reached 39.56 million Vietnamese dong (1,758 U.S. dollars).

Vietnam has eight economic regions, namely Southeast, Red River Delta, Mekong River Delta, Northeast, Northwest, North Central Coast, South Central Coast, and Central Highlands.