GIA LAI DRAWS OVER $1BN IN NEW INVESTMENT SO FAR THIS YEAR

Gia Lai is emerging as a magnet for large-scale investment, particularly in renewable energy and urban development, as capital inflows gather pace this year.

Since the beginning of the year, the Central Highlands province has attracted 26 new ventures with total registered capital of more than VND27.46 trillion ($1.05 billion), according to the Gia Lai Investment Promotion Centre. Several of these are sizeable schemes focused mainly on renewable energy and urban development.

Notable ventures include the Vinh Thuan Wind Power Plant, with registered capital of VND4.68 trillion ($178.15 million); the Van Canh 1 and Van Canh 2 wind power plants, valued at VND6.9 trillion ($262.7 million) and VND7.77 trillion ($296 million), respectively; and the Long Van 1 social housing scheme, worth VND1.25 trillion ($47.6 million). These initiatives align with Gia Lai’s sustainable development orientation, leveraging its advantages in clean energy and urban growth.

In 2025, Gia Lai lured 192 ventures, an increase of 101 ventures compared with 2024 and exceeding the target by 27 projects. Total registered investment capital reached VND160 trillion (approximately $6 billion), up 7.7 times from a year ago. These results reflect the growing investor confidence in Gia Lai’s business environment and potential.

Pham Anh Tuan, Chairman of Gia Lai People’s Committee, said, “The province is committed to creating better conditions for investors while promptly addressing obstacles during implementation. We hope investors will continue to place their trust in the locality, build long-term partnerships, and make positive contributions to the local socioeconomic development.”

Looking ahead, Gia Lai will focus on developing industrial parks and clusters in a green and smart direction, while revoking initiatives that fail to meet development requirements. Also, the province will step up administrative reforms, improve the investment and business climate, and make a decisive shift from a passive regulatory approach to one that proactively supports businesses.

Source: VNS

Related News

VIETNAM ECONOMY INVESTMENT

VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS JUMP NEARLY 30% IN JANUARY

Vietnam’s exports of agricultural, forestry and fishery products surged nearly 30% year-on-year in January 2026, driven by strong growth across major commodity groups and key export markets, according to the Ministry of Agriculture and Environment. Export turnover for the sector in January is estimated at nearly US$6.51 billion, up 29.5% from the same period last year, the ministry said at a regular press briefing on February 5.

Feb 09, 2026

VIETNAM MONTHLY STATISTICAL DATA

INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN JANUARY OF 2026

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

Feb 09, 2026

MEMBER CORNER / PROMOTIONS

PHUC VUONG DISTRIBUTES "TET REUNION" GIFTS: SENDING LOVE TO THE CONSTRUCTION SITES

On the afternoon of February 6th, amid the busy year-end atmosphere, Phuc Vuong Company organized the "Tet Reunion – Spring Connection" gift-giving event right at the construction site. This annual activity aims to honor the "dream builders" who have dedicated themselves to the company's growth. The General Director was present to personally express his sincere gratitude and hand over meaningful Tet gifts to the workers.

Feb 09, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

INTERNATIONAL ARRIVALS TO VIETNAM REACH NEW MONTHLY HIGH

International arrivals to Vietnam hit a new monthly record in January 2026, rising 21.4% from the previous month and 18.5% year-on-year, according to the National Statistics Office. Air travel continued to dominate, accounting for nearly 80% of all arrivals. Arrivals by land nearly doubled compared with the same period last year, while sea arrivals rose by about 30%, though they remained a small share.

Feb 09, 2026

PROPERTY / INDUSTRIAL ZONE

HCMC APPROVES 28 MORE LAND PLOTS FOR HOUSING DEVELOPMENTS

HCMC has approved 28 out of 30 proposed land plots for pilot housing developments, covering a combined area of more than 750,600 square meters, according to a newly adopted resolution. The approved sites are spread across multiple wards and communes, with a strong concentration in the city’s southern and eastern areas.

Feb 09, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM SEES STEADY FDI DISBURSEMENT BUT SLOWER EXPANSION IN JANUARY

Foreign direct investment (FDI) disbursement in Vietnam rose in January, while newly registered capital fell sharply, pointing to stable project implementation but slower investment expansion. Data from the Ministry of Finance showed that January FDI disbursement increased 11.26% year-on-year to US$1.68 billion, reflecting continued execution and expansion of existing foreign-invested projects.

Feb 09, 2026