Provincial authorities attribute the result to a proactive strategy that prioritises early planning, rapid site clearance and the creation of a ready land bank, rather than waiting passively for investors. The province has also applied flexible mechanisms and policies to support investors throughout the project lifecycle.
Investment promotion missions have been organised in several developed countries, while local agencies have focused on building an open and transparent environment, removing administrative barriers and ensuring investors can access opportunities quickly. Once interest is expressed, authorities actively provide detailed information on local advantages and incentive policies, accompany investors on site surveys and address concerns directly.
Nguyễn Minh Châu, Deputy Director of the Department of Finance, said provincial agencies offer hands-on assistance when businesses face difficulties in preparing investment proposals or implementing projects. In some cases, officials even draft application documents, allowing investors to adjust project parameters and significantly reduce time and travel costs while ensuring regulatory compliance.
The Provincial Economic Zone Authority and industrial park infrastructure developers have also stepped up support, advising investors on land, construction and environmental procedures with what officials describe as the highest level of responsibility.
Nguyễn Văn Lăng, General Director of Becamex Binh Dinh JSC, developer of the Becamex VSIP Binh Dinh Industrial Park, said the company proactively connects with investors online, provides information on priority sectors and support policies, and assists with investment procedures free of charge. It also commits to delivering high-quality land, infrastructure and utilities so projects can be implemented immediately.
This close coordination between government bodies and industrial park developers has helped position Gia Lai as an attractive destination for foreign investors.
A recent example is Mascot International A/S of Denmark, which began implementing a high-quality garment manufacturing and processing plant, warehouse and raw material quality control centre at Becamex VSIP Binh Dinh Industrial Park. The project, covering 10 hectares, has total investment of more than USD 52 million and is scheduled to be completed and operational by 2026.
Thomas Bo Pedersen, Senior Vice President for Asia at Mascot International, said the province’s potential, advantages and strong support from local authorities were decisive factors behind the company’s decision to move quickly.
Looking ahead, Chairman of the Provincial People’s Committee Phạm Anh Tuấn said foreign direct investment remains a vital source of capital for economic growth. The province plans to intensify efforts to attract capable and reputable investors into five priority sectors: industry, tourism, high-tech agriculture, port and logistics services, and the urban economy linked to urbanisation.
He added that Gia Lai is committed to administrative reform, shortening investment procedures, strengthening ties between authorities and businesses, and completing transport, economic zone and industrial park infrastructure, alongside introducing special incentive policies for foreign investors.
