10:47 | 09/06/2016 Investment
Prime Minster Nguyen Xuan Phuc on June 5 presented Decision 1528/DQ-TTg which provides some specific mechanisms and policies for developing Lam Dong province, especially Da Lat city, to the provincial administration.
The signing ceremony of several investment contracts for Lam Dong province - (Credit: NDO)
Under the PM’s Decision, the Central Highlands province is permitted to apply special mechanisms and policies for developing various aspects in Da Lat city and its surrounding areas, such as in real estate business, satellite cities, public transport, tourism sites, a biotechnology and hi-tech agriculture zone, and a concentrated IT zone.
Accordingly, the Lam Dong People’s Committee has the authority to allow property investors, (except for those in ecological and leisure tourism projects) who have completed infrastructure construction, to transfer their projects to other investors for building housing or other structures approved by authorised agencies.
The Chairman of the People’s Committee, with approval from the PM, is permitted to make decisions on exempting land rent for projects on building a national tourism site and a key tourism site in Da Lat.
Taxes on imported materials and equipment for building hi-tech greenhouses and net houses serving vegetable and flower production can also be exempted for up to five years if the specific materials and equipment are unable to be sourced domestically.
Lam Dong province has also been permitted to build a “green village” on a trial basis in Da Lat city. The “green village” will include a hi-tech agricultural production area along with housing and public facilities, which will provide a space to develop agri-tourism. The village will be designed to preserve biopersity, natural landscapes, and local culture while reducing greenhouse gas emission and using renewable energy.
At the decision announcement ceremony in Da Lat, PM Nguyen Xuan Phuc said Decision 1528/QD/TTg aims to create optimal conditions for Lam Dong to capitalise on its natural potential, especially in tourism and agriculture.
He told local authorities to prioritise tourism and hi-tech agriculture, adding that brands should be built for each hotel and tourism site, along with hi-tech farm products to boost exports.
While the province’s administration needs to overhaul its apparatus and business climate, businesses must comply with laws during their operations there to help Da Lat and Lam Dong grow.
Later on June 5, the Government leader visited the Da Lat Ground Force Academy and some policy beneficiaries.
On June 4, he had a working session with provincial officials to assess local socio-economic development and visited residents in N’Thol Ha commune, Duc Trong district.
Lam Dong has a population of nearly 1.3 million from 43 ethnic groups. It welcomed 5 million tourists in 2015.
The province has posted an annual per capita GDP of VND45.5 million (over US$2,000) during the last five years, approximating the national average. It expects the figure to reach VND70 million–73 million (US$3,100 – 3,200) in 2020 and low-income households to be reduced by 1.5%-2% annually./.