10:48 | 06/12/2017 Economy
Prime Minister Nguyen Xuan Phuc emphasised the important role of investors in Vietnam's northernmost province of Ha Giang, in order to improve the local’s standard of living and create breakthroughs in the province in the future.
|PM Nguyen Xuan Phuc and delegates at the conference - Credit: VGP|
The PM made the remarks at the Ha Giang Investment Promotion Conference, held in the province on November 27.
PM Phuc praised investors for their presence and attention to the conference, hoping that with the support from the Government and the cooperation of the Ha Giang authorities, investors would overcome any difficulties to gain success in the province.
Secretary of Ha Giang provincial Party Committee Trieu Tai Vinh said that despite many difficulties in socio-economic conditions, Ha Giang has considerable potential and advantages compared to other provinces.
Vinh noted that Ha Giang is a region of spectacular landscapes and diversified ethnic cultural traditions, including UNESCO-recognised Dong Van Karst Plateau Global Geopark, Hoang Su Phi terraced fields, the Tay Con Linh Mountain Range, and almost 90% of the province's population being ethnic minorities, among others.
In addition, the province has seven districts sharing the borderline with Yunnan and Guangxi provinces of China, creating favourable conditions for cross-border trade and tourism. Ha Giang also has thousands of precious herbal plants, industrial trees and agricultural products, Vinh noted.
Vinh added that, during this conference, the province has introduced investors to a list of 26 investment projects, with a total estimated capital of over VND12.8 trillion (US$563.2 million).
Through the conference, the province has given approval to 18 investment projects and signed 17 memoranda of understanding (MoU) worth over VND16 trillion (US$700 million).
According to Chairman of the provincial People's Committee Nguyen Van Son, besides the incentives from the Government, the province has issued other mechanisms and policies in support of investors, including policies to promote border trade, the production of agricultural products, and tourism.
The province will also exempt 50% of land rent for enterprises and give a financial support of up to VND15 billion (US$660 million) to each factory processing herbal products and VND10 billion (US$440 million) to each factory producing animal feed.