PM witnesses signing of record high investment flows into Central Highlands

Saturday, 2017-03-11 18:27:59
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PM Nguyen Xuan Phuc meets with foreign investors attending the conference. (Credit: VGP)
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NDO – Prime Minister Nguyen Xuan Phuc has witnessed the awarding investment credit commitments of banks to investment projects, granting investment certificates and making investment decisions into Vietnam’s Central Highlands with a total capital of more than VND100 trillion (US$4.4 billion).

The PM was attending the 4th Central Highlands Investment Promotion Conference 2017, which opened in Buon Ma Thuot City, Dak Lak Province on March 11.

Speaking at the event, PM Phuc emphasised that the Central Highlands is not only a key region for the country but also a driver for the development of the Central, Southeast and Southwest regions.

Over the past time, under the leadership of the Party and State, in addition to the efforts made by local governments of the five Central Highlands provinces, the region has witnessed positive development, he said, adding that there are many shortcomings such as deforestation, loss of water resources, loss of development opportunities, while the region’s potentials have not been properly utilised for development.

The government leader also pointed out other limitations such as spontaneous migration, many businesses not developing themselves appropriately within the community, and tourism development not being on par with regional potentials.

He stated that the vision and expectations for the Central Highlands is to strive to become a rich plateau of organic agriculture, rich in ecology and cultural capital. The key to the rise of the Central Highlands is to develop agriculture, forestry and medicinal processing towards its identity and uniqueness in the world's agricultural value chain.

At the same time, the Central Highlands should become a prominent symbol of Vietnamese tourism, bearing the myth of Asia's legends and heritage in the 21st century, the PM affirmed.

PM Nguyen Xuan Phuc addresses the conference. (Credit: VGP)

To realise that goal, the Central Highlands must develop a sustainable strategy to revive its image as a land of epics, while always being aware of preserving the living space and cultural values that have become the pride of the communities of Ede, Jrai, M'nong, Ba Na and Kinh people in the great family of Vietnamese ethnicities.

With that vision, PM Phuc suggested several key solutions covering tourism, human resources, forest protection and development, agricultural industrialisation and modernisation, infrastructure development and improving the business investment environment.

In order to create favourable conditions for investors to enjoy long term business in the Central Highlands and Vietnam, the PM stated that Vietnam would continue to maintain its macroeconomic stability and keep its VND value consistent, while ensuring protection of property rights, human rights and citizenship in accordance with the Constitution and the laws.

The government will also continue striving to improve its investment and business environment, bringing Vietnam to the forefront of ASEAN, he added.

While welcoming investors to explore investment opportunities in the Central Highlands, PM Phuc suggested investors make investment commitments, accelerate their project progress and ensure maintenance of the environment and concern for the lives of workers.

The conference was jointly organised by the Ministry of Planning and Investment, the Central Highlands Steering Committee and the People's Committee of Dak Lak Province, with the participation of more than 500 domestic and international delegates.