A needed "Spur" for Highlands’ economy

After nearly 10 years of implementing the Resolution of the Politburo 10-NQ/TW social - economic development and ensuring national defense and security in the Central Highlands in the 2001-2010 period and the guidelines and policies of Party and State, Central Highland has achieved great achievements , comprehension and critical sense. The region‘s economy has shifted towards strong and diverse development, increasing scale, quality  and efficiency; improving income, living standards and people‘s spirits. Many pressing social problems were concentrated on solving. The Central Highlands has created a new position and power to stability and development. This investment promotion forum in Highland expressed strong commitment of the central government agencies and local authorities in promoting, maintaining of investment in the Central Highlands effectively and continuously. Demonstrate the high support of MPI and SBV to raise capital allocation, regulatory capital for investment activities, promote private investment. Committed to improving the policies and favorable investment environment for investors.

The forum has oriented investments together with improving efficiency of social investment, associated with the operation of social security. Along with the active participation, initiative and full of responsibility of the central bank, credit institutions and commercial banks to unfreeze funds for investment, this is considered the most distinctive and new point compared with the first investment promotion. The day before the investment promotion forum in Highlands, the State Bank has organized a conference " Solution credit expansion, promoting economic - social development  in Highlands " to highlight and promote forums go into more substantive. 

Completing the transport infrastructure is one of the urgent need to promote economic development Highlands

Through this forum, the local government of the province is committed to promoting administrative reform in the field of investment, focus on improving the quality of human resources , organizational capacity building, creating a legal framework transient in attracting and implementing the project. The Forum is a place for investors mentioned recommendations and questions about the difficulties in the investment environment. To solve this problem, since the end of march,2013, Joint Stock Commercial Bank for Investment and Development of Vietnam has  took the initiative in integrated proposals from businesses, and has proposed some favorable conditions to attract investment in the Central Highlands. With the presence of the central agencies and localities, these questions will be answered, noted to have the policies  in order to create favorable conditions for further investment in the Central Highlands.

As a result, the forum witnessed the signing ceremony  of the commitment  credit capital for the project to nearly 23,900 billion, focusing on the areas of regional strength as production, processing and coffee business, rubber, construction loans, hydropower. At the meeting, investors, business has also raised and donated 248 billion for Social Security ‘s Central Highlands.

Should promote the realization of the investment commitments

This is not the first time, the Central Highlands held the investment promotion forum. The first time was held in Dak Lak, on 2009 (Sep^5th2009). Up to now, investment promotion in 2009 has achieved certain results, create a general awareness of investment promotion; the increasing the number of projects and capital investment have created the development resources, and contributed to ensuring the stability of the region. However, the achievements are still not commensurate with the potential advantages of the region. Low level of economic potential and development level are posed many difficulties and challenges in the organization and effectively exploit the potential strengths and mobilize resources for development. So, it would be necessary for the Central Highlands province promote the activities to strengthen and attract businesses. After the first meeting, this promised land has attracted 169 projects from foreign investors with a total registered capital of 900 million U.S. dollars, accounting for 20.36 % of the total projects and 3.71 % of the total registered capital of the whole central region - the Central Highlands. However, the implementation process has revealed many shortcomings issues, especially the implementation stage of commitment, investment agreements and social security unsatisfactory, too low. According to statistics from the Ministry of Planning and Investment show that total implementation of the projects granted investment certificates, investment commitments, the financing agreement and social security at the Forum  from 2009 to current time only 1.117 billion, reached 4.3 % of the total registered capital of 25 958 billion.

According to experts, to ensure that the investment project in the Central Highlands are implemented uniformly, and planned to bring economic benefits for local businesses, the government should direct the ministries announced capital position to support investment in building infrastructure for the Central Highlands region , which should focus on upgrading and improving the system of transport infrastructure in the region . In the immediate future in the 2013-2015 period, priority funding disbursed to upgrade and renovate Highway 14 - arterial roads of Highlands is degraded seriously, affecting trade on local economy. Because of limited local budgets , the Government should have a specific mechanism to facilitate the Central Highlands provinces to mobilize extra-budgetary resources , promote socialization of investment implementation of important transportation projects, urgent follow the form of BT, BOT, PPP ... to upgrade the vital highway connecting the Highlands with key economic and seaports , with countries in the region, " Vietnam development Triangle - Laos - Cambodia ". MPI should develop incentives to attract investment to the region , but first of all preferential policies on taxation, land, creating competitive advantages for the Central Highlands region compared to other regions in the country and with Cambodia and Laos. State Bank should be oriented to direct the commercial banks in economic development serving Highlands, special should be priority strongly  in both capital and interest to focus on promoting modern agriculture and competitiveness. On the basis of preferential policies to attract investment in general, local governments Highlands region should develop mechanisms and policies to attract private investment to suit each locality according to their specialization, there assigned on the basis of clearly identified needs of local investment in the linker region to maximize the strengths of each province , avoid duplication by the characteristics of the Central Highlands are quite similar fellowship. In addition, the incentives need to attract investment in identifying specific areas, timing, rate incentives particularly and clearly... And there should be consistent  long-term commitment to the investment implementation. Along with administrative reform, transparency, specifically in resolving administrative problems in the investment process - building projects, contributing to reduce the time and costs savings costs for investors; innovation mechanisms and policies to improve the investment environment, investors choose the form appropriate to ensure that each sector to mobilize capital and foreign technology for development goals...

With the aim of developing stable and sustainable on the basis of the spatial organization of economic activities, social conformity; building infrastructure systems reached the average level over the whole country, creating a fundamental change in overall social - economic development; gradually put Highland into the dynamics of socio-economic development of the country, hoping the program, the project has been signed will be realized after the forum.

Soucre: www.baodaklak.vn