PM urges Hoa Binh to improve investment environment

Saturday, 2016-11-19 09:51:36
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PM Nguyen Xuan Phuc addresses the conference in Hoa Binh on November 19. (Credit: VGP)
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NDO/VNA—Prime Minister Nguyen Xuan Phuc has urged the Northern province of Hoa Binh to further improve its investment environment in order to attract investors.

>>> Hoa Binh urged to fully tap into tourism potential

Addressing a local investment promotion conference on November 19, the PM said Hoa Binh has many strong points, such as its location as the gateway to the capital city and as part of the Hanoi Capital Region Master Plan, beautiful natural landscape, rich culture and potential in construction materials, mining, high-quality agro-fishery processing, resorts and eco-tourism.

However, most investment projects in the locale are of a small scale, he said, calling on investors to explore opportunities in Hoa Binh, particularly in the tourism sector.

Hoa Binh officials affirmed their resolve to build an open and transparent business and environment, and expressed their wish to attract investment in infrastructure, hi-tech industry and agriculture, support industries, healthcare, education, tourism and trade.

In the first ten months of this year, the province licensed 39 projects, including one foreign-funded project worth US$3 million and 38 domestic ones capitalising at nearly VND4.6 trillion (US$208.5 million).

During a working session with local authorities earlier the same day, PM Phuc recommended that Hoa Binh pay attention to organic agriculture and tourism, considering the province’s natural assets.

As the local rate of poor households remains high at up to 24%, he requested the acceleration of poverty reduction, the fight against drug trafficking and efforts to prevent wastefulness in the use of State assets and budgets.

The leader also called for pooling public resources into infrastructure so as to ease pressure on the State budget.

Local authorities proposed the Defence Ministry consider launching a hydroplane service from Noi Bai International Airport to Hoa Binh Lake, which is expected to give a boost to local tourism.

The same day, the PM attended the Great National Unity Festival in Dan Chu Commune in the city of Hoa Binh.