Title: Unveiling Lucrative Opportunities: Dak Lak Province’s Business & Investment Conference
Dak Lak Province, nestled in the central highlands of Vietnam, is emerging as a hotspot for business and investment, particularly drawing attention from Indian investors. The upcoming Business & Investment Conference, organized by the Consulate General of India, is set to unfold a myriad of opportunities in this thriving region.
In the span of 2020-2023, Dak Lak witnessed a surge in investments, boasting a total of 77 projects with USD 2.2 million and 26 FDI projects amounting to nearly 690 million USD. Notably, the province’s robust exports of coffee (560,000 tons), pepper (78,000 tons), cashew (28,000 tons), and rubber (37,000 tons) raked in an impressive USD 1.97 billion in 2023. The province also actively engaged in imports, totaling USD 370 million the same year.
Indian investment has played a pivotal role, exemplified by the Ngon Coffee Co.’s 100% FDI project since 2009, injecting USD 80 million into the region. The major sectors for investment include renewable energy, eco-tourism, and high-tech agriculture.
Dak Lak’s strategic importance lies in its vast resources of coffee, pepper, cocoa, cashew, and rubber. Notable investment opportunities include the Xuan Thien Group’s 600 MW solar power projects, the Ea Nam Wind Power Plant Project with 400 MW capacity, and the DHN Dak Lak high-tech livestock area with an investment of USD 22 million.
The Business & Investment Conference is a golden opportunity for Indian businesses to explore partnerships and investments in key sectors such as food processing, high-tech agriculture, healthcare, education, pharmaceuticals, IT, and tourism. Participants ranging from agro product importers to IT companies and travel agents are invited to seize the chance for conferences, factory visits, exhibitions, and business matching.
In essence, the conference promises to unlock the doors to Dak Lak’s burgeoning potential, offering a gateway for Indian businesses to tap into this land of opportunities and foster mutually beneficial collaborations in the heart of Vietnam’s central highlands. Don’t miss out on the chance to be part of this transformative journey.
