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.
Construction of a key coastal road linking National Highway 1D and the new National Highway 19 is gathering pace after overcoming geological, material and construction challenges, with authorities targeting completion and operation by the end of 2026.
Gia Lai Province has unveiled a new strategy to expand its international communications efforts, aiming to strengthen its global profile through professional, modern and internationally aligned media outreach while promoting investment, tourism and international cooperation.
Gia Lai authorities have approved the investment policy and selected the investor for the Plei Thơ Ga 2 Floating Solar Power Plant, a 20 MW renewable energy project that will incorporate a battery energy storage system at Plei Thơ Ga Lake in Chư Pưh commune.
Gia Lai province has expanded low-emission rice cultivation to nearly 1,700 hectares, exceeding its 2026 target and strengthening its preparations to participate in domestic and international carbon credit markets through reduced greenhouse gas emissions.
Lê Tấn Hòa, a lecturer at the Faculty of Electronics and Informatics of Quy Nhon College of Technology and Engineering, has spent nearly 17 years developing practical training models and educational equipment designed to better prepare vocational students for real-world industrial environments.
Rooftop solar power is gaining momentum across wards of Quy Nhơn, East Quy Nhơn, North Quy Nhơn, South Quy Nhơn and West Quy Nhơn in Gia Lai, as more households and businesses invest in self-produced electricity to reduce energy costs and improve power reliability.
Gia Lai has introduced a new policy framework aimed at accelerating science, technology and innovation by addressing practical obstacles faced by businesses, particularly cooperatives and small and medium-sized enterprises (SMEs), under Resolution No. 10/2026/NQ-HĐND.
Authorities and Youth Union organizations in Gia Lai are stepping up efforts to support ethnic minority in starting businesses and developing sustainable livelihoods, helping young people access trainin and preferential loans to improve incomes and contribute to local economic growth.
Decree No. 180/2026/NĐ-CP on forest carbon sequestration and storage services is being viewed as a major milestone for the development of Vietnam’s forest carbon market.
The province is intensifying efforts to achieve its 2026 Gross Regional Domestic Product (GRDP) growth target of 10.2%, with local authorities accelerating investment projects, expanding production and strengthening key economic sectors during the first five months of the year.
Gia Lai’s producers under Vietnam’s One Commune One Product (OCOP) Programme are preparing to meet stricter national standards following the introduction of a new evaluation and ranking framework that places greater emphasis on branding, market development and product sustainability.
An Toan commune in Gia Lai province is increasingly leveraging its extensive forest resources to promote socio-economic development, raise household incomes and advance sustainable poverty reduction efforts.
Hundreds of offshore fishing vessels have returned to Tam Quan Fishing Port in early June with holds full of fish and squid, delivering a boost to local fishermen as seafood catches remain strong and prices show signs of improvement.
After years of delays caused by infrastructure bottlenecks and land clearance disputes, Hoa Hoi Industrial Park is showing significant progress, with phase 1 infrastructure largely completed, new investors entering the project, and preparations underway for phase 2 expansion.
Reporters from Gia Lai Newspaper and Radio & Television spoke with Mr. Nguyễn Đình Kha, Deputy Director of the Department of Industry and Trade, about preparations for the launch of E10 RON 95-III biofuel and public concerns surrounding fuel quality, safety, and supply.
As copyright infringement and illegal digital content distribution become increasingly sophisticated, Vietnamese authorities are stepping up efforts to strengthen intellectual property (IP) protection in the digital era.
Inside a sprawling 60,000-square-metre complex of laboratories and greenhouses, millions of acacia and eucalyptus seedlings grow under fluorescent lights in sterile glass jars.
Authorities in Gia Lai province are intensifying efforts to support businesses and accelerate investment projects, with 34 investor-led projects entering operation since the beginning of 2026, contributing to industrial growth, employment and local economic development.
Authorities in Gia Lai province are seeking investors for a scenic rest stop project on the southern side of Vinh Hoi Pass, with a minimum investment requirement of 25 billion VND (about USD 960,000), excluding land lease fees.
Petrol retailers and distributors in Gia Lai province are preparing to fully replace conventional gasoline with E10 RON 95-III biofuel from June 1, as authorities push forward with plans to promote greener energy and reduce emissions.
Sweet potato processing businesses in Gia Lai province are expanding production of noodles, vermicelli, cakes and snacks in an effort to stabilize prices and reduce dependence on volatile fresh produce markets, as farmers continue to face losses from oversupply during peak harvest seasons.
The rapid growth in electricity demand and the accelerating shift toward renewable energy are increasing pressure on Vietnam’s power system, highlighting the urgent need for large-scale energy storage solutions.
Authorities in Gia Lai are accelerating construction and land clearance efforts for major transport infrastructure projects, including the second runway at Phu Cat Airport and strategic road links connecting industrial zones and ports, provincial officials said following a site inspection on May 11.
Vietnam has introduced sweeping tax relief measures for individuals, household businesses and small enterprises under a new government decree aimed at stimulating private sector development and encouraging business expansion.
