AloTrip

Where do you travel?

trustpilot

Economy in Central Highlands Vietnam

Tue, 15 Jul 2014. Last updated Thu, 25 Jun 2015 08:46

Related stories

In recent years, along with the encouraging policies enacted by the Government and the continuous efforts of local authorities, the economy in Central Highlands Vietnam has made some great achievements.

The average GDP growth rate of the Central Highlands Vietnam economy in a period from 2001 until now is 11.9% per year. Economic sectors have been positively shifted. Besides, agricultural production made the remarkable transformation. Specifically, some concentrated production areas were built specializing in perennial crops and producing large volumes of commodity. There are 1, 560 reservoirs constructed to meet 60% of irrigation needs. In addition, a wide system of transportation has been upgraded including 3 airports, 10 highways, and 59 provincial roads with the total length of 4, 000 km.

However, in spite of these achievements, the region remains a small economic scale in Vietnam economy. In fact, the economics of the land is still mainly basing on agriculture. The asynchronous socio-economic infrastructure is a main reason for restricting the growth rate and reducing the ability to attract investments. Many economic sectors have been developed incommensurately with its potentials, for instance, industrial processing, livestock production, exports, and tourism.

 

Advantages - Disadvantages

 

Basaltic soil road in Dak Lak province

 

The Central Highlands accounts for 74.25% the basalt of the whole country. The large area of basalt allows the region to develop industrial crops such as coffee, tea, cashew, etc. The land also has thousands hectares of black soil and alluvial soil, which are suitable for developing the diversified agriculture.

Located in the east and west of Truong Son Mountain, the region has the dissected topography with a dense system of rivers, streams and waterfalls. These favorable conditions create the potential in hydropower. In details, the hydropower reserves of the Highlands accounts for 22% of the whole country producing approximately 15 billion kWh of electricity per year.

Besides, the Central Highland Vietnam has a variety of mineral resources. Some of them have large reserves including peat, lignite, kaolin clay, and bauxite which is mainly distributed in Dak Nong and Lam Dong. A group of metallic minerals consists of iron, anhydride, antimony, lead, zinc, and gold. A group of gems includes sapphires, xircon, corindon, and quartz. These minerals are distributed in almost provinces of the Highlands.

The terrain of highly mountainous area creates great conditions for development of agriculture and forestry as well. Especially, the Central Highlands has vast forests with the total area of over 3, 015 thousand hectares. In addition, the land is an ideal place for tourism service because of rich cultural heritages, natural landscapes, and cool climate...

The terrain is not only the advantage but also the disadvantage of the economy of Central Highlands Vietnam. Because of the mountainous topographic, the system of transportation in the land is not favorable to develop economics. Besides, the region has lacked of skilled labors.

 

Economic sectors

 

Agriculture

 

Rubber Plantation in Dak Lak

 

Perennial trees including coffee, tea, rubber, mulberry, and fruit trees and so forth are strength of the Central Highlands.

Coffee: The area of coffee is about 240.5 thousand hectares, which accounts for 80% of the whole country. Two specialized areas in the Central Highlands are Buon Ma Thuot and Gia Lai.

Rubber: There are approximately 71, 250 hectares of rubber increasing 50, 000 hectares compared to 1984. Nonetheless, the rubber productivity is still slow, about 18, 133 tons of latex. The rubber plantation in the past 10 years has confirmed the important position of the rubber in the Central Highlands.

Tea: Tea is also a popular crop in the region. However, nowadays, growing tea has met some difficulties due to the lack of water and intense heat on summer. The area of tea has been decreasing in Gia Lai province. Currently, there are only 12, 500 hectares of tea concentrated in Bien Ho, Bau Can with over 50, 000 tons of fresh tea output.

 

Plantation in Gia Lai

 

Mulberry: The Central Highlands is the largest zone of growing mulberry. The area of mulberry is about 10, 000 hectares with over 1, 200 tons of silk production, which accounts for 80% of the whole country. Since 1993, the area of mulberry has not increased, however due to the price of silk export reduced; the area of mulberry in Dak Lak fell.

Food crops: The Central Highlands has been also focusing on developing food crops with 220.7 thousand hectares including 151.1 thousand hectares of rice crop.

Livestock: The strength in livestock of the land is cattle, mainly cows. In 2001, there were 435.4 thousand cows accounting for 11.2% of the whole country. Besides, buffalo and goats are also popular.

 

Industry

 

Wood export in Dak Lak

 

Industry in Central Highlands follows the direction of exploiting the potential advantage of the region; therefore, the industrial products mainly serve for consumption, agricultural production, and forestry. Besides, the latex of rubber aims to serve the demands of other regions in Vietnam and for exports as well. The other industries consists of woodworking and forestry products accounting for 24.7% of the industrial output value, food industry 24.4% , production of construction materials 13.41% and mechanical 4.7%. Currently, there are a great number of foreign projects investing in the processing industry like coffee exports, textiles, woodworking, fruits and vegetables.

Having a plenty of waterfalls in the mountainous terrain, the Central Highlands also has advantages in hydropower. Some hydropower plants were constructed in the previous years including Da Nhim (160, 000 KW) on Da Nhim river, Dray H’inh (12, 000 KW) on Serepok river, and Yaly (700, 000 KW).

The region has the rich reserve of bauxite as well. However, the exploitation of bauxite has been encountered the opposition of many people. Hence, the exploitation of this mineral is still considered by the Government.

 

Tourism

 

Pongour Falls, Lam Dong Province

 

The Central Highlands also has potential in tourism. With the favorable of natural resources (majestic waterfalls and mountains, vast forests, and national parks …) and unique culture (the Space of Gong culture, folk festivals, traditionally musical instruments …), the tourism has made an important contribution to the economics in Central Highlands Vietnam

 

Economic development orientation

 

An expo in Gia Lai

 

Below are some orientations for improving and developing in the Central Highlands:

- Following the direction of producing commodities basing on its own advantages
- Pay attention on developing food crops, livestock and eliminating deforestation for cultivation
- Developing forestry in the direction of protection and renovation
- Focusing on the development of industry using local raw materials including agricultural processing, food industry, and building materials
- Applying high technology in food processing industry
- Developing market networks to expand goods exchange

- Constructing commercial centers in cities, towns to exchange goods, introduce products to other regions and other countries (Laos, Thai Lan, Cambodia)

  • View
    4708
  • Share
    0
  • Comment
    0
  • 0
  • 0
  • 0
Economy in Red River Delta Vietnam
Economy in Red River Delta Vietnam

With rich natural resources and favorable geography, economy in Red River Delta has a plenty of favorable conditions to reach the comprehensive economic development.

Economy in South Central Coast Vietnam
Economy in South Central Coast Vietnam

Located near Ho Chi Minh City and a key economic triangle in the Southeast Vietnam, there is a favorable geographical position to develop economy in South Central Coast Vietnam.

Economy in Mekong River Delta Vietnam
Economy in Mekong River Delta Vietnam

Economy in Mekong River Delta is one of key economic regions in Vietnam. Long Xuyen Quadrangle is the most important economic area of the region. The region has strengthens in agriculture, husbandry and fishery. Here is the largest “rice bowl” of Vietnam.

Vietnam industry development
Vietnam industry development

Vietnam industry truly developed significantly from 1991 to 2008. During the period, the value of industrial production increases continuously with high and stable growth rate. Recently, Vietnam industry plays an important part in Vietnam economy.

Economy in Northwest Vietnam
Economy in Northwest Vietnam

Accounting for a small area, the Northwest is a strategic region which plays an important role in economy, society, and national security of the country. Economy in Northwest Vietnam is characterized by many factors.

Agriculture in Vietnam
Agriculture in Vietnam

With advantages of great natural resources, Vietnam is one of the fastest developing country getting started from agriculture. Agriculture in Vietnam is one of the spear economic sectors in Vietnam, mainly contributing the economic development of Vietnam.

Dalat economy
Dalat economy

Thanks to the right policies along with the development of tourism, in recent years, Dalat economy is more and more growth and contributes remarkably to the development of the whole Vietnam economy.

Economy in North Central Coast Vietnam
Economy in North Central Coast Vietnam

In recent years, the economy in North Central Coast Vietnam has reached relatively high growth rate, approximately 10%. With this positive sign in economic development, the land has attracted investments from both domestic and foreign investors.

Vietnam socio economic policy
Vietnam socio economic policy

Vietnam socio economic policy ensures a fast and sustainable development in the country, creating a harmony among growth targets, macroeconomic stability and social security.

Economy in Southeast Vietnam
Economy in Southeast Vietnam

Economy in Southeast Vietnam is seen as the most developed region in Vietnam. The region has many advantages to develop a comprehensive and stable economy. Major economic sectors of Southeast Vietnam are producing industries.

Sapa economy
Sapa economy

Referring to Sapa, people will think of a gentle and quite district, an ideal tourist destination. The diverse culture along with the harmony between people and nature creates the strength of Sapa tourism and contributing the development of Sapa economy.

Phu Quoc economy
Phu Quoc economy

Located in the centre of Southeast Asia, in Mekong River Delta economy, Phu Quoc economy has advantages to develop. Especially, the district has positive shifts to become the special administrative-economy zone under the central government next years.

Phong Nha - Ke Bang economy
Phong Nha - Ke Bang economy

As a famous tourist attraction in Quang Binh, with the potential of tourism, Phong Nha Ke Bang economy contributes remarkably to the economy in Quang Binh as well as North Central Coast economy.

Phan Thiet economy
Phan Thiet economy

Phan Thiet is the economic, cultural, political center of Binh Thuan province. Promoting the strength of tourism, Phan Thiet economy has contributed significant to the provincial economy.

Nha Trang economy
Nha Trang economy

Nha Trang is one of the most famous tourist destinations of Vietnam; therefore, Nha Trang economy relies largely on tourism. Besides, industry, fishery and services also play an important role in the economic development of the city.

Ninh Binh economy
Ninh Binh economy

In 10 recent years, Ninh Binh economy has strongly developed, focused on the formation of industrial zones and considered the industry as the motivate power to boost the economic development.

Mai Chau economy
Mai Chau economy

Previously, the economy of Mai Chau mainly focused on agriculture. In recent years, thanks to the development of tourism, the district has important economic restructuring to promote the economic development and enhance the life of people.

Lao Cai economy
Lao Cai economy

During the recent years, Lao Cai economy strives for the GDP growth rate at an average annual increase of 14%. In particular, the development of trade – services, tourism is defined as a key to exploit the effective advantages.

Hue economy
Hue economy

Hue city is the center of commerce, services and international transactions of the economy of North Central Coast Vietnam and one of the traffic hubs of the Central Coast Vietnam. Therefore, Hue economy has the great potential for the development.

Ho Chi Minh City economy
Ho Chi Minh City economy

Ho Chi Minh is the most bustling and dynamic city in Vietnam. In the past years, Ho Chi Minh City economy constantly grows and reaches the significant achievements contributing to the development of Vietnam economy.

Agriculture in Vietnam
Agriculture in Vietnam

With advantages of great natural resources, Vietnam is one of the fastest developing country getting started from agriculture. Agriculture in Vietnam is one of the spear economic sectors in Vietnam, mainly contributing the economic development of Vietnam.

Vietnam economy overview
Vietnam economy overview

Vietnam economy is a market economy which depends much on exports, and projects on FDI. The economy ranks sixth in Southeast Asia, and fifty-seventh in the global market. Vietnam is one of developing countries with fast growth rate, about 7% per year.

Economy in Mekong River Delta Vietnam
Economy in Mekong River Delta Vietnam

Economy in Mekong River Delta is one of key economic regions in Vietnam. Long Xuyen Quadrangle is the most important economic area of the region. The region has strengthens in agriculture, husbandry and fishery. Here is the largest “rice bowl” of Vietnam.

Vietnam GDP
Vietnam GDP

With the population of over 90 million of people, Vietnam is one of the fastest developing economy in Southeast Asia and in the world. The average Vietnam GDP is about 320.7 billion of dollars, equal to annual growth rate of about 5 percent.

Vietnam industry development
Vietnam industry development

Vietnam industry truly developed significantly from 1991 to 2008. During the period, the value of industrial production increases continuously with high and stable growth rate. Recently, Vietnam industry plays an important part in Vietnam economy.

Hanoi economy
Hanoi economy

For long time, the Hanoi economy has been the important position in the whole economy of Vietnam. Especially, in recent years, Hanoi economy is constantly growing to affirm its key role in the economy.

Ho Chi Minh City economy
Ho Chi Minh City economy

Ho Chi Minh is the most bustling and dynamic city in Vietnam. In the past years, Ho Chi Minh City economy constantly grows and reaches the significant achievements contributing to the development of Vietnam economy.

Nha Trang economy
Nha Trang economy

Nha Trang is one of the most famous tourist destinations of Vietnam; therefore, Nha Trang economy relies largely on tourism. Besides, industry, fishery and services also play an important role in the economic development of the city.

Halong economy
Halong economy

Halong economy in recent years has significant changes in the structure among industries. Especially, it is the strong development of tourism, one of the key factors in the economic development of Halong city as well as Quang Ninh province.

Da Nang economy
Da Nang economy

Entering a new development era, in spite of more difficulties and challenges, Da Nang economy has many advantages, opportunities. However, Da Nang city has development trends of competition in the domestic market and foreign growing.



Download App X
Download App X