Gia Lai province has rolled out an ambitious plan to accelerate the transition of household businesses into enterprises, positioning the private sector as a core engine of economic growth.
Under Plan No. 21/KH-UBND, issued on 20 January 2026, the province targets the creation of 7,000 new enterprises by the end of 2026, including up to 3,275 converted from household businesses. The initiative aligns with national directives emphasising the private sector’s role in driving development and strengthening social security.
* Resolution No. 68-NQ/TW affirms the private sector as a key driver of growth, yet development remains below potential. How is the private sector performing in Gia Lai?
Mr. Đinh Hữu Hòa, Deputy Director of the Department of Finance. Photo: T.Sỹ
- Between 2021 and 2025, Gia Lai averaged 1,575 newly established enterprises each year, an increase of 990 per year compared with the 2016, 2020 period. In 2025 alone, the province recorded 3,185 new enterprises, up more than 47% from 2024, with total registered capital reaching 28 trillion VND (≈1.12 billion USD), a rise of over 43%.
Today, Gia Lai has nearly 19,000 enterprises and around 66,000 household businesses, contributing about 80% of local GRDP and generating jobs for 94% of the province’s workforce. This reflects strong private-sector expansion and its central role in socio-economic development.
However, most firms remain small or micro-sized, with limited financial resources, modest management capacity and low innovation. They are vulnerable to operational risks, and many face persistent barriers in accessing credit, land and skilled labour—constraints that continue to hold back competitiveness and long-term growth.
* Plan No. 21/KH-UBND aims to promote the conversion of household businesses into enterprises. What are the province’s objectives under this plan?
- Plan No. 21 identifies household-to-enterprise conversion as a priority task to strengthen private-sector development in a rapid, sustainable and efficient manner. The Provincial People’s Committee has set a target of 7,000 new enterprises by the end of 2026, including 3,050 to 3,275 household businesses converting to enterprise status.
Beyond numerical targets, the province aims to improve the overall quality and scale of the private sector, paving the way toward a broader goal of reaching about 65,000 enterprises by 2030. This shift is expected to enhance business performance and boost provincial budget revenues.
The province’s multi-faceted support will drive private sector development. - In the photo: Garment production at Hoang Trang Trading and Service Co., Ltd. (Long Mỹ Industrial Park, Quy Nhơn Tây Ward). Photo: T.Sỹ
* As the lead agency, what key measures is the Department of Finance prioritising to implement the plan?
- We follow the principle that “enterprise satisfaction is the measure of effectiveness.” To that end, we have streamlined business-registration procedures by digitising administrative processes, reducing the time for issuing new business-registration certificates from three days to about three working hours, and applying digital signatures to all registration results.
These reforms have delivered early gains: in January 2026, we issued certificates to 602 newly established enterprises—an increase of around 300% year-on-year—with registered capital reaching 4.058 trillion VND (≈162 million USD), up roughly 495%. New enterprises are exempt from registration fees, appraisal costs and initial licensing for conditional business sectors.
In parallel, we are working with other departments and local authorities to review household-business data and identify those eligible for conversion. We have issued coordination documents and are preparing guidance materials explaining registration procedures and the advantages of converting to enterprise status. Local People’s Committees are being advised to set up support teams to assist businesses in transition.
On 3 February, the Department of Finance, together with the Department of Industry and Trade and the Provincial Tax Department, met with authorities and businesses in Quy Nhơn and Quy Nhơn Nam wards to assess progress and gather feedback to refine upcoming support measures.
From the second quarter of 2026, we will guide the use of state-budget funds to provide free shared accounting software and training on business management, accounting and tax compliance. Management-skills courses will be organised for small and medium-sized enterprises that have converted from household businesses. We will continue urging relevant units to execute Plan No. 21 and report regularly to the Provincial People’s Committee.
Our goal is for 100% of household businesses to receive information and support on enterprise conversion, and for all newly converted enterprises to complete tax and registration procedures electronically quickly and conveniently.
As the Lunar New Year approaches, authorities and businesses in Gia Lai are framing 2026 as a decisive year to anchor long-term, sustainable development, with a focus on agriculture, tourism, infrastructure and governance reform.
Unfavorable weather, rising production costs and weakening consumer demand have cast an unusually subdued mood over the apricot-growing hubs of An Nhơn Đông and An Nhơn Bắc, where growers say the 2026 Bính Ngọ Lunar New Year market is the bleakest in years.
Gia Lai farmers in Vietnam are accelerating a shift from commercial coffee to specialty-grade Robusta as demand for premium beans grows domestically and abroad. The transition is reshaping harvesting and processing practices across the province as producers pursue stricter quality standards.
The National Assembly’s adoption of Resolution No. 253/2025/QH15 on December 11, 2025, outlining mechanisms and policies for national energy development for the 2026-2030 period, is being regarded as a timely and strategically important decision.
Residents in Đak Đoa commune have voluntarily cleared crops and dismantled structures to hand over land for the Quy Nhơn-Pleiku Expressway, significantly accelerating site-clearance progress for the national transport project.
Gia Lai province on January 30 announced the full commercial operation of the Ia Pech and Ia Pech 2 wind power projects, officially bringing all turbines online and supplying electricity to Vietnam’s national grid at maximum capacity.
Vietnam is intensifying market surveillance from key seaports to border areas in Gia Lai province as authorities move to curb smuggling, commercial fraud and counterfeit goods ahead of the Lunar New Year 2026, the National Steering Committee 389 said.
The Provincial People’s Committee on February 5 convened an in-person and online conference to assess January’s socio-economic results and outline key tasks for February 2026, chaired by Pham Anh Tuan, Chairman of the Provincial People’s Committee and member of the Party Central Committee.
Coffee cultivation is transforming livelihoods in Bờ Ngoong commune, where rising bean prices and improved production techniques have enabled many ethnic minority households to earn annual incomes of several hundred million to more than 1 billion VND.
Traditional craft villages across Gia Lai province are undergoing significant adaptation and innovation to meet stricter market demands, enabling heritage products to compete more effectively in a modern economy.
Gia Lai province is intensifying administrative and financial reforms to expand private-sector growth after a sharp rise in new business formations and strong contributions to local economic output, according to provincial authorities.
Diên Hồng Ward’s authorities has approved an auction for leases of 73 stalls at its food street and night market, according to Decision No. 31/QD-UBND issued on January 15, 2026.
Businesses across the province are expanding their Tet gift basket offerings this year, emphasizing practicality, clear product origins, and strong local identity as consumer demand begins to rise.
The Gia Lai Provincial Tax Department is projecting record budget revenue of VND 27,783 billion (approximately USD 1.13 billion) in 2025, driven by a comprehensive digital ecosystem that has reshaped taxpayer services and strengthened tax administration across the province.
Gia Lai province has rapidly upgraded its telecommunications and digital infrastructure, positioning connectivity as a core driver of local economic transformation and digital development, provincial authorities said at a year-end review conference.
Phu My - Quy Nhon Construction Investment Co., Ltd. on January 17 held the topping-out ceremony for the Simona Heights apartment tower in Quy Nhon Ward, Gia Lai Province, marking the completion of the project’s structural framework after 24 months of construction.
Gia Lai Province is rapidly overhauling its crop structure as climate change, rising production costs, and unstable agricultural markets push local authorities and farmers toward more profitable and sustainable models.
Hoang Anh Gia Lai Group (HAGL) will break ground on its Phu Dong High-Rise Residential and Commercial Complex on January 18 in Pleiku Ward, Gia Lai Province, according to the company.
Hoang Anh Gia Lai Group (HAGL) on January 18 awarded 160 apartments to employees in recognition of long-term contributions, in one of the company’s largest appreciation initiatives to date. Each apartment is valued at 2–8 billion VND (approximately USD 82,000–328,000).
Ia Phí commune in Vietnam’s Gia Lai province is emerging as a model for clean agriculture and agrotourism, driven by a young Jrai farmer who converted depleted coffee farmland into an organic production chain now replicated by dozens of local households.
Gia Lai Province on January 18 broke ground on the Phu Dong High-Rise Residential and Commercial Complex in Pleiku City, a project developed by Hoang Anh Gia Lai Joint Stock Company that officials say will shape a new urban landmark and support the city’s long-term growth.
The People’s Committee of Gia Lai Province has approved a plan to implement the Project on Deployment, Application and Management of the Traceability System for the 2026-2030 period, aiming to ensure that 100% of high-risk products and goods are subject to traceability under a defined roadmap.
Gia Lai province has revised its reforestation plan following heavy losses caused by Storm No. 13, raising the 2026 planting target and rolling out measures to improve forest quality and sustainability.
Despite offering competitive pay, businesses across Gia Lai province are struggling to recruit enough seasonal workers ahead of the Lunar New Year, as agriculture and other higher-paying jobs draw labor away.
