Under an investment memorandum signed at the Gia Lai Investment Promotion Conference in August, Thaco Agri and its member companies will develop five projects in the central province.

Specifically, Thaco Agri - a subsidiary of Thaco Group - will invest in a logistics center and agro-industrial complex project and a residental and commercial-service complex project, with combined capital of VND2,025 billion ($76.82 million).

Trung Nguyen Livestock Co., Ltd., a member company, will develop a cattle farming and forestry project worth VND4,380 billion ($166.16 million) in Ia Puch commune.

Meanwhile, Trung Nguyen Rubber Co., Ltd., another member company, will develop two livestock farming projects in Po Ta and la Le communes, with a total investment of VND6,077 billion ($230.55 million).

At the meeting with Gia Lai leaders, Tran Bao Son, deputy general director of Truong Hai Group (Thaco) and general director of Thaco Agri, reaffirmed the agri company's strong commitment to effectively implementing the five projects.

He proposed provincial authorities expedite administrative procedures to ensure the projects can start construction soon.

Regarding the three agricultural projects, Pham Anh Tuan, Chairman of the Gia Lai People's Committee, assigned the Department of Agriculture and Environment to coordinate with local authorities in assessing current forest conditions and reviewing the results of the Program on Converting Degraded Forest Land to Rubber Plantations.

The department was also tasked with urgently advising the provincial People’s Committee to report to higher authorities to expedite the projects. Romoval of obstacles must be completed within this month.

The agriculture department was instructed to complete land and legal procedures for the projects.

Regarding the logistics center and agro-industrial complex project, Chairman Tuan assigned the Department of Industry and Trade to propose suitable locations along National Highway 19 and the Quy Nhon-Pleiku Expressway for the investor to evaluate project feasibility and begin investment procedures.

Regarding the residental and commercial-service complex project, he requested Pleiku ward authorities and the investor to reach agreement on planning solutions to ensure alignment with local zoning plans and investor requirements.

Binh Dinh and Gia Lai provinces were recently merged to form the new Gia Lai, which borders Dak Lak province, Quang Ngai province, Cambodia, and the East Sea.