Participants at the programme on connecting the supply-demand-consumption of products, goods and services at economic zones and industrial parks in the Central Highlands and Central Coastal regions.

Le Thanh international border gate in Gia Lai province.

The regions have 50 economic zones, industrial parks and one high-tech zone, all of which have attracted thousands of projects from multi-industry and multi-field firms.

Up to now, the regions have attracted 1,475 projects with total investment capital of 856.44 trillion VND, creating jobs for more than 256,600 workers. Of which, industrial parks and border-gate economic zones in the Central Highlands lured 394 projects with total investment of 38.14 trillion VND while the economic zones in the central coastal region hosted 1,081 projects worth 818.3 trillion VND.

Strong connectivity among industrial parks and economic zones in the regions can help businesses advertise their key products and find potential partners to expand their markets.

“Businesses support each other through appropriate forms of cooperation. For example, we have the advantage of design and construction solutions, and we are ready to work with enterprises specialising in steel and equipment who can join us in construction projects in the region," said Do Tri Tuan, Deputy General Director of Dai Dung Metallic Manufacture Construction & Trade Corporation

"I believe that when the connectivity among economic zones is strengthened, businesses can increase their revenue by 10-15%," he stressed.

With 51 economic zones, industrial parks and high-tech zones, there are huge opportunities for 11 local businesses in the two regions to link up the chain of production-supply-consumption of their industrial products. This connectivity will help reduce production costs, transportation times and import restrictions for businesses themselves.

Gia Lai province is home to Le Thanh international border gate economic zone and two industrial parks namely Tra Da and Nam Pleiku. These economic zones and industrial parks have attracted 62 projects with total investment of more than 3,500 billion VND.

In 2022, the import-export turnover of Le Thanh International Border Gate Economic Zone was estimated at 125.76 million USD. The figure is expected to increase when the economic zone is connected with those in central coastal provinces.

Tran Quang Thai, Deputy Head of the management board of Gia Lai provincial Economic Zones, said that over the past years, the volume of goods from the Central Highlands provinces exported to central coastal provinces has remained modest.

He stressed that strengthened connectivity among economic zones and industrial parks of the Central Highlands and the central coastal regions will contribute to promoting the advantages of regional businesses and increasing the export of agricultural and forestry products in the Central Highlands, thus facilitating the overall development of the two regions.

The central coastal region has more than 600km of coastline, convenient to the connections of road, railway, air and sea transport, especially the deep-water port system, in terms of industrial development.

Thousands of projects have been implemented by multi-industry firms in the region, from heavy industrial equipment to light industrial, trade, services, and agricultural products.

Currently, many enterprises in the central coastal economic zones and industrial parks are looking for trade partners to expand their markets and boost the consumption of their products, particularly in the Central Highlands.

Meanwhile, the Central Highlands region, which has huge advantages in terms of agricultural production, forestry, green and eco-tourism, is also looking to increase the volume of goods exported through the seaports in the central region.

Director of TPP Development and Technology Joint Stock Company Nguyen Van Biet shared that in the past, the company provided products to southern businesses such as those in Binh Duong and Dong Nai provinces. Now, it targets market in the central region and the Central Highlands, forecasted to develop strongly in the next two years.

Participants at the programme on connecting the supply-demand-consumption of products, goods and services at economic zones and industrial parks in the Central Highlands and Central Coastal regions.

Politburo Resolution 23-NQ/TW on the development orientation for the Central Highlands region in the 2021-2030 period has set a target that the region will achieve an annual growth rate target of 7-7.5% and annual per capita income of 130 million VND.

The figures have been set at 7-7.5% and 156 million VND for the central coastal region, under Resolution 26-NQ/TW.

To achieve the above goals, local authorities in the regions have attached great importance to boosting regional linkages, as well as the circular and green economy.

Ha Hoang Viet Phuong, Head of the Management Board of Dung Quat Economic Zone and Industrial Parks in Quang Ngai province, affirmed that connectivity is currently an inevitable trend for economic zones and industrial parks in order to improve the production and consumption chain, increase the value of production, services and exports in the coming time.

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Source: NDO