WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Sep 12, 2017 / 11:17

Vietnam calls for investment from Australian businesses

A delegation of Dak Lak Province of Vietnam, led by Vice Secretary of the provincial Party Committee Y Bier Nie, held a workshop in Sydney, Australia to call for Australian investment in the province.

The event, organized with the coordination of the Australia – Vietnam Business Council (AVBC), saw the participation of AVBC members and dozens of local businesses. Dak Lak representatives took the occasion to introduce the province’s natural conditions, socio-economic situation, potential and disadvantages.
 


 
Announcing a list of priority projects in need of investment, Dak Lak officials highlighted hi-tech agriculture, agricultural product processing, garment-textile, wind power, solar power, services and tourism. The province also announced incentives for investors in terms of land, taxes, favourable administrative procedures, among others.

Australian firms inquired for information of the province’s key projects, focusing on the export of coffee beans and pepper, education, technology transfer, tourism and real estate. A number of Australian firms registered to visit Dak Lak and work with its enterprises to explore investment projects and environment.

Previously, the delegation and VBAA also hosted a similar workshop in Melbourne. 
Australia is the second foreign market Dak Lak chose to promote investment, following the Republic of Korea.