In recent years, Vietnam has continuously called for foreign investors to come and set up business in Vietnam and most recently, Department of Planning and Investment of Gia Lai province is planning to coordinate with the Department of Planning and Investment of Ho Chi Minh City (HCMC) to organize Gia Lai Investment Promotion Conference 2017.
The conference is scheduled to be held at the end of this year in Pleiku city, Gia Lai province. The areas highlighted at the conference will be: high technology agriculture, agricultural products processing and tourism. These areas are considered as strengths with high potential development of Gia Lai province.
In terms of projects that are given the investment policy decision by Gia Lai Provincial People’s Committee (10 projects – total registered capital of 5,516 billion VND) at Gia Lai Investment Promotion Conference 2016, currently 3 projects have completed construction and go into operation: Sugar Factory Project and An Khe Biomass Power Plant Project, which is invested by Quang Ngai Sugar Joint Stock Company, Beef Experiment Project of Tay Nguyen Dairy Products Joint Stock Company. In addition, six projects are under development and another is being revised.
Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.