Dak Lak conference promotes Central Highlands’ potential
Potential for economic development of localities in the Central Highlands were introduced to representatives from foreign embassies and consulates general, international organisation in Vietnam.
Dak Lak (VNA)♎ – Strengths and potential for economic development of localities in the Central Highlands region were introduced to representatives from foreign embassies and consulates general, international organisations and foreign business associations in Vietnam at a conference in Dak Lak on June 9.
Addressing the event, Deputy Foreign Minister Bui Thanh Son briefed participants on the potential of the Central Highland region, towards promoting cooperation and investment with foreign nations through representative agencies in Vietnam.
Mozambican Ambassador to Vietnam Gamiliel Munguambe stressed that the conference offers a chance for international guests to enquire about the region, thus establishing investment and trade links with regional localities, especially in the cultivation of commercial plants such as coffee, rubber and pepper, vegetables, flowers, and other farm products.
Including the provinces of Dak Lak, Dak Nong, Gia Lai, Kon Tum and Lam Dong, the Central Highlands region covers 54,636 sq.km, making up 16 percent of the country’s area. The region is home to over 5.6 million people, with 35.29 percent of those being from ethnic minority groups.
With a favorable geographical location and rich natural resources, the region is said to have great potential for economic and tourism development.
In recent years, the region recorded strong economic growth, hitting 9 percent a year. It’s GDP in 2015 had increased 3.6 times compared to 2010.
Despite prolonged drought, the region’s growth reached over 7.2 percent in the first six months of this year thanks to the localities’ specific measures to stablise the market and resolve difficulties facing enterprises.
The investment climate in the region has improved, with its higher provincial competitiveness index.
At present, the Central Highlands has 577,800 ha of coffee, 259,531 ha of rubber, 53,533 ha of pepper, 23,814 ha of green tea and 76, 516 ha of cashew, along with great areas of other farm products.-VNA
If farmers do not connect with each other in the forming of cooperatives and with businesses, they will fail to deal with big opportunities and challenges.
With its advantages in land and climate conditions, the Central Highlands province of Lam Dong is leading the country in developing hi-tech agricultural production.
A delegation of Vietnamese diplomats had a working session with the Central Highlands Steering Committee on June 8 to study regional socio-economic development, defence and security.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Harvesting coffee in Dak Lak (Source: VNA)
