HCMC – The Central Highlands province of Dak Nong has said it will need nearly VND68 trillion (more than US$2.9 billion) for 22 projects this year.

The 22 projects belong to the agriculture and industrial production sectors and those to develop infrastructure for industrial parks and clusters, Thanh Nien Online newspaper reported. The trade, tourism and urban infrastructure sectors have the highest number of projects, at 14. Among the projects in which Dak Nong is calling for investment, there are some urban development projects with a high investment in Gia Nghia City, such as the Dak Rtik Fire and Water Urban Area project which will cover over 752 hectares of land and require an estimated VND53 trillion. In addition, the Nghia Phu Green Valley and Nghia Phu Gateway Urban Area and Lieng Nung waterfall ecotourim site projects need a respective investment of around VND1.6 trillion, VND8.6 trillion and VND700 billion. Dak Nong is planning large projects such as the VND500 billion Ho Truc ecotourism site and a VND750 billion urban area. Over the years, many major businesses have sought investment opportunities in Dak Nong, including Hoa Phat Group. The group proposed developing aluminum and ore processing factories with an annual capacity of two and five million tons, respectively. They will be developed in Dak Song District. Moreover, the group is working on an aluminum electrolysis factory with an annual capacity of 0.5 million tons and the 1,500-megawatt Hoa Phat wind power plant in Dak Song and Tuy Duc districts. All of these projects would cost over US$4.3 billion.