Ia Le emerges as investment hotspot, surpasses 2026 target in first quarter

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Ia Le commune in Gia Lai province has rapidly positioned itself as an emerging investment destination, surpassing its full-year 2026 target within the first quarter, driven by strong interest in renewable energy and high-tech agriculture projects.

Located at the western gateway of the province, Ia Le benefits from extensive land resources, a large labor force, and improving infrastructure. Following an administrative merger, the commune has expanded its development space, creating favorable conditions for large-scale investment.

According to the Ia Le Commune People’s Committee, the locality was assigned a target of attracting six projects in 2026. However, within the first three months, it secured approval for 12 projects, double the annual goal, including eight in renewable energy and four in high-tech agriculture, with total capital reaching trillions of Vietnamese dong.

This builds on momentum from 2025, when Ia Le attracted four projects, with several others still awaiting approval. The influx signals a shift from fragmented, small-scale production toward more concentrated, industrial-scale operations.

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Ia Le Commune boasts significant potential and advantages in attracting enterprises to invest in renewable energy and high-tech agriculture. Photo: N.D

Among the notable investments is a high-tech mulberry and silkworm farming project by Ha Bao Gia Lai Mulberry-Silkworm Joint Stock Company. The 300-hectare project, valued at approximately VND 600 billion (about USD 24 million), is expected to produce at least 170,000 boxes of second-grade silkworm eggs and rear 20,000 boxes annually.

The company’s CEO, Ha Thi Hoa, said the decision to invest followed multiple field surveys, highlighting favorable land and climate conditions as well as strong support from local authorities.

The growing presence of businesses is expected to accelerate technology transfer, create jobs, and raise incomes for local residents, supporting a broader transition toward a modernized economic structure.

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Ha Bao Gia Lai Mulberry-Silkworm Joint Stock Company, the Korea Silk Road Association, and the Ia Le Commune People’s Committee sign a memorandum of understanding on high-tech mulberry cultivation and silkworm rearing cooperation. Photo: N.D

To sustain this momentum, Ia Le has implemented measures to improve its investment climate. Transport infrastructure has been upgraded to strengthen connectivity with National Highway 14 and regional routes, facilitating trade and production. Power supply and production infrastructure are also being enhanced.

Local authorities have reviewed land resources and aligned planning with actual conditions, while intensifying efforts to promote the commune’s potential to investors. Administrative procedures have been streamlined, and obstacles faced by businesses are addressed promptly to reinforce investor confidence.

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Rural transport infrastructure in Ia Le Commune is increasingly improved, helping attract businesses to explore investment opportunities. Photo: N.D

Chairman of the Ia Le Commune People’s Committee, Luu Xuan Thanh, said the early success reflects proactive planning and engagement with businesses.

“These initial results have built investor confidence and opened up space for the commune to continue attracting large-scale projects, contributing to sustainable socio-economic development”, he said.

Looking ahead, Ia Le plans to further refine its development strategy, invest in infrastructure, and strengthen links between businesses and local residents to form integrated production and consumption value chains. Coordination with provincial authorities will also continue to attract investment in priority sectors.

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Ia Le Commune is attracting numerous renewable energy projects. Photo: N.D

With clear direction and strong early results, Ia Le is steadily establishing itself as a promising destination for investors, laying the groundwork for sustained economic growth and improved living standards.

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