Ha Giang creates open investment environment

14:58 | 27/05/2014 Economy

(VEN) - “Ha Giang has potential for economic development in terms of land, climate, market, science and technology and people. However, in order to awaken the local potential and attract investors at home and abroad, Ha Giang must create more open investment environment in the coming time,” said secretary of Ha Giang’s Communist Party’s Committee Trieu Tai Vinh at the Conference on Ha Giang Investment Promotion 2014 held on May 16.

Mining local potential

Ha Giang has huge potential for the development of economic sectors such as tourism services, agriculture forestry, agro-processing, and mining.

According to Nguyen Van Son Standing Deputy Chairman of the Ha Giang’s People’s Committee, four provincial highland districts where the Dong Van Karst Plateau Global Geopark is located have had their master plans approved by the prime minister, with potential for developing into tourism hubs. So, Ha Giang aims to become a national key tourist center via promoting the value of the geopark. In addition, the local climate is also favorable for growing precious medicinal plants and perennial crops, and aquatic breeding.

Ha Giang has great potential for cross-border trade development and the province has encouraged local people to participate in border trade along with improved investment in border trade infrastructure in Xin Man and Do Long districts and Thanh Thuy International Border Gate.

Bottlenecks to remove

According to Trieu Tai Vinh, Ha Giang’s potential in land and climate is clearly seen; however, its potential in market, science and technology and people really matter with bottlenecks to remove. Ha Giang has positively implemented administrative reform and transparency in administrative transactions. After several attempts, Ha Giang has risen to 37th among the country’s provinces in the application of information technology. The province has also enhanced vocational training and developed job criteria, while strengthening the provincial public inspection.

Nine investment certificates were handed over at Ha Giang’s recent investment promotion conference, with total investment of nearly VND3.6 trillion; and four investment memos were signed worth of VND1.85 trillion.

Investors in Ha Giang will enjoy the local preferential policies on land rent, water surface rent, exemption of land use, corporate income tax, and one-stop administrative procedures.

“Ha Giang should have a number of policies to attract investment into potential local fields, especially the Dong Van Karst Plateau Global Geopark,” said Chairman of Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.

The province needs to step up local tourism promotion, perfect the provincial economic development strategy linked to regional development, improve the investment environment, and build a strong business community to address arising issues and attract more investment in Ha Giang./.

At the conference, Deputy Prime Minister Nguyen Xuan Phuc appreciated the efforts of the government and people of Ha Giang Province in the economic development and poverty alleviation. He also suggested that Ha Giang should promote local advantages of tourism, cross-border trade, agriculture, forestry, and mining in association with improved transport infrastructure and investment incentives to boost provincial economy towards sustainability.


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