Saturday, October 29 2016


Lai Châu offers preferential policies for agriculture, tourism

Update: April, 18/2016 - 15:47
Leaders of northern Lai Châu Province and the Bank for Investment and Development of Việt Nam (BIDV) meet in the capital city on April 15.– Photo

HÀ NỘI — The northern province of Lai Châu will offer preferential policies for investors, especially in agriculture and tourism, Đỗ Ngọc An, chairman of the provincial People’s Committee said.

“Lai Châu has called for investment of around VNĐ4 trillion into some key projects including tea plant, fruits, vegetable and fish aquaculture with VNĐ635 billion; industrial and construction with VNĐ2 trillion; and five trade and tourism projects with VNĐ1.2 trillion,” An said, and added that most of the projects are linked to the Sìn Hồ Highland.

He told the press meeting held in Hà Nội on April 15 that the province would co-operate with the Bank for Investment and Development of Viet Nam (BIDV) to organise its first investment promotion and tourism conference on April 27.

The four-day event aims to introduce its potential and strengths as well as policies to support investors both inside and outside the country.

The province would grant five investment certificates for Ô Long Tea Plant, High Quality Tea Processing Plant, Hoàng Nhâm four-star hotel, and Nậm Cốm Hydropower No 3 and No 4 plants.

A tourism week would also take place to introduce the province’s attractiveness, cultural values and natural beauty to investors. This would be a chance for tourism companies to develop their market in the province. It could help them build new tours to make the province become one of attractive destinations in the west-northern region.

BIDV planned to sign a credit commitment with Lai Châu Province to provide capital for its investment and social security.

The bank would also support loans for both domestic and foreign enterprises to promote the province’s key projects.

Trần Xuân Hoàng, BIDV’s deputy general director said the bank would finance VNĐ70 billion to build new houses, schools and clinics in the next five years. It would also give VNĐ100 trillion for businesses in agriculture and hydropower fields.

The conference would be an opportunity for firms to review the province’s potential to have better co-operation in the future, Hoàng said.

Located in the west northern region, the province has diversified natural resources together with the Ma Lù Thàng international border gate, which could facilitate economic development. — VNS

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