Government seeks to attract investment in mountainous regions
In a move to unlock the economic potential of Vietnam's mountainous areas, the International Cooperation Department (ICD) under the Government Committee for Ethnic Minority Affairs has joined hands with the Institute for International Investment Studies (ISC) through a strategic cooperation agreement.
Tien Son district, the biggest tea cultivation area in Phu Tho province. (Photo: VNA)
Hanoi (VNA) – In a move to unlock the economic potential of Vietna♍m's mountainous areas, the International Cooperation Department (ICD) under the Government Committee for Ethnic Minority Affairs has joined hands with the Institute for International Investment Studies (ISC) through a strategic cooperation agreement.
This partnership aims to improve the quality and effectiveness of foreign investment collaboration and attraction in mountainous provinces, thereby contributing to their comprehensive socio-economic development.
The agreement outlines three key areas of collaboration, including educating officials from mountainous provinces about legal knowledge, state management skills in foreign investment and the best practices in foreign investment; leading and coordinating investment promotion activities in these regions; and providing mutual consultation on activities related to international investment cooperation.
Phan Huu Thang, Chairman of both ISC and the Vietnam Industrial Park Finance Association (VIPFA), hailed the agreement as a significant step.
He underlined its potential to pool international resources and capabilities for the benefit of ethnic minority and mountainous regions. Ultimately, this partnership aims to improve the lives of local residents and accelerate Vietnam's integration into the global economy./.
Aside from harnessing domestic resources, it is important to attract foreign investment to optimise potential and advantages of ethnic minority and mountainous areas, according to experts.
National Assembly (NA) deputies on June 17 morning focused their discussion on adjustments to the investment policy for the national target programme on socio-economic development in ethnic minority-inhabited and mountainous areas in the 2021-2030 period, as part of the 15th legislature's ongoing seventh session.
The Government on May 22 submitted to the 15th National Assembly (NA) a proposal on adjustments to the investment policy for the national target programme on boosting the socio-economic development of ethnic minority-inhabited and mountainous areas in the 2021-2030 period, aiming to facilitate the disbursement of capital for the programme.
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