Lai Chau strives to escape poverty

11:04 | 16/05/2016 Society

(VEN) - The Lai Chau People’s Committee and the Bank for Investment and Development of Vietnam co-organized the first 2016 Lai Chau Investment and Tourism Promotion Conference - an opportunity for the possibly poorest province in the country to attract investors.

Lai Chau strives to escape poverty

Lai Chau, the land with hidden beauty

Big potential

A report delivered at the conference revealed that Lai Chau is a rich in minerals including rare earth, copper, gold, lead, zinc, limestone and clay and potential for hydropower development thanks to a large rivers such as Da, Nam Mu and Nam Ma. Currently, 53 small and medium-sized hydropower projects with total capacity of 900MW are being implemented.

The province also has potential to develop tourism thanks to a series of mountains and caves including Pu Ta Leng, Sung Trau, Khang Su Van, Pu Sam Cap, Tien Son, Ta Phin, Tham Tao and Doi. Moreover, 20 local ethnic groups offer traditional festivals including Gau Tao, Tu Ti, Nang Han and Xoe Chieng.

Some local destinations have been listed as national including Hoang Lien Son Pass, Sin Ho Plateau, Tien Son Grotto, Le Thai To Stele Site and Pu Sam Cap Ecotourism Zone.

As many as 251,000 people, equivalent to about 60 percent of the population, are at the golden age.

Lai Chau has attracted 124 investment projects with total registered capital of VND204.89 trillion since 2004, with many of which put under effective operation including Nam Na 2, Lai Chau, Huoi Quang, Ban Chat, Chu Va and Nam Lung hydropower plants, Tam Duong Tunnel Brick Plant and Sin Ho-Phong Tho Rubber Development Project.

Favorable conditions offered for investors

The conference aimed to attract more investors into the province through promising them favorable conditions to develop in the province, which remains poor until today despite huge potential.

At the conference, Lau Chau encouraged investors into 21 key agricultural, industrial, construction, forestry, trade and tourism projects, with a special focus on projects at Pu Sam Cap Caves, Tac Tinh Fall, Sin Ho Plateau, Sin Suoi Ho Hamlet and Ma Lung Thang Border Gate.

In line with the conference, Lai Chau also hosted the 2016 Lai Chau Culture-Tourism Week from April 27-30, with the intention of promoting local cultural and natural values to domestic and international tourists and investors.


Thanh Tam