Gia Lai provice attracts Thai investors

The event was organized by the Gia Lai Provincial People’s Committee in collaboration with Becamex Binh Dinh Joint Stock Company and the Federation of Thai Industries (FTI). Attending the conference were Mr. Nguyen Tu Cong Hoang, Vice Chairman of the Gia Lai Provincial People’s Committee; Mr. Truong Minh, Deputy Director General of the Foreign Investment Agency (Ministry of Finance); representatives of the Federation of Thai Industries; the Thai Business Association in Vietnam; and more than 100 domestic and international enterprises and investors.

The conference was an important event in the series of celebrations marking the 50th anniversary of Vietnam–Thailand diplomatic relations (1976–2026), opening up opportunities to enhance cooperation in investment, trade, and services between Gia Lai and the Thai business community, two key economic drivers in the ASEAN region.

Speaking at the event, a representative of the Federation of Thai Industries noted that Gia Lai holds great potential to become a new investment destination for Thai enterprises, especially in renewable energy, supporting industries, and agricultural processing. He expressed his expectation that the partnership between the two countries would continue to strengthen through specific projects bringing mutual benefits to both businesses and localities.

According to Mr. Nguyen Tu Cong Hoang, Vice Chairman of the Gia Lai Provincial People’s Committee, Thailand is currently one of the five largest foreign investors in Gia Lai. Nine FDI projects totaling more than USD 100 million focus on trade, processing, fisheries, and logistics. Gia Lai aims to become a regional hub for industry, logistics, and high-tech agriculture by developing modern infrastructure and maintaining an open investment environment, in line with the policy of “accompanying enterprises, cooperating for mutual development.”

Within the conference framework, enterprises from both sides conducted direct (B2B) networking sessions to exchange information and explore opportunities for cooperation in logistics, high-tech agriculture, and auto parts manufacturing. This activity was considered a practical bridge, helping Thai businesses gain a realistic understanding of Gia Lai’s investment environment.

Among the key initiatives, the Becamex VSIP Binh Dinh Industrial–Urban–Service Park was identified as a core component of the investment attraction strategy. It will serve as a gateway connecting the Central Highlands and South Central Coast with the Mekong subregion, thereby expanding cross-border supply chain cooperation for Thai enterprises.

During the conference, numerous companies expressed interest in investing in Gia Lai in various sectors, including agriculture, industry, aviation, and automobile manufacturing. Investors sought detailed information about infrastructure conditions, including transport connectivity, power and water supply for industrial production, and labor costs and workforce availability in Gia Lai.

In response to investor concerns, Mr. Hoang affirmed that Gia Lai offers favorable transportation infrastructure by road, sea, and air, with two major airports and two North–South and East–West expressways under construction and operation.

Additionally, Gia Lai is preparing to invest in the North–South high-speed railway project, which is one of three provinces hosting two high-speed rail stations. The province will soon begin developing the Phu My deep-water port. In terms of energy, Gia Lai is oriented to become Vietnam’s clean energy hub, with significant potential in hydropower, wind power, and solar power.

Mr. Hoang also emphasized that the province has an abundant, well-trained labor force with competitive wages compared to other regions, making it an ideal destination for Thai investors.

At the conference, Mr. Truong Minh, Deputy Director General of the Foreign Investment Agency (Ministry of Finance), praised Gia Lai’s efforts to improve its investment environment amid global economic fluctuations.

According to Mr. Minh, Vietnam remains a regional bright spot, with total FDI in the first nine months of 2025 reaching USD 28.5 billion, up 15.2% year-on-year. Notably, investment capital from Thailand increased by over 600%, reaching USD 928 million, a clear sign of Thai investors’ confidence in the Vietnamese market.

“Gia Lai has a strategic location, synchronized infrastructure, clean land reserves, competitive rental costs, and political stability. It is a reliable destination for Thai investors. The Foreign Investment Agency commits to accompanying Gia Lai Province and the Thai business community, providing the most favorable conditions for implementing sustainable, efficient, and long-term projects,” Mr. Truong Minh affirmed.

At the event, Mr. Nguyen Van Lang, General Director of Becamex VSIP Binh Dinh, introduced the 1,425-hectare Becamex VSIP Binh Dinh Industrial–Urban–Service Park project, consisting of 1,051 hectares of industrial land and 374 hectares of urban–service land. This is considered a new investment highlight in the Central region and a key gateway to the sea for the Central Highlands.

On this occasion, Becamex Binh Dinh Joint Stock Company held a groundbreaking ceremony for four major components of the Becamex VSIP Binh Dinh Industrial–Urban–Service Park, including a 4.2-hectare ready-built factory, a 1.3-hectare worker housing area, an 8.5-hectare green park and ecological lake, and a 2.7-hectare water pumping station No. 2.