Economy
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NA Standing Committee’s 40th session wraps up
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| Bản Giốc Waterfall in Cao Bằng Province. The province will organise a meeting on investment, trade and tourism promotion. - Photo congthuong.vn |
Viet Nam News
CAO BẲNG — The northern mountainous province of Cao Bằng will organise a conference on November 25 to promote its investment, trade and tourism potential.
Director of the provincial Department of Planning and Investment Nguyễn Thái Hà said this will be a chance for Cao Bằng to tap into its agricultural and forestry potential and make use of the advantages of a border province with international border gates and crossing points, which are favourable for trading activities between Việt Nam and its biggest trade partner – China.
Local authorities will also grant investment approval and registration certificates to 16 projects with total registered capital of VNĐ4.2 trillion (US$181 million) at this event.
Hà said Cao Bằng has specified about 30 projects in different areas, including agriculture – rural development, industry, transport, trade, tourism, border economy and mineral mining, to call for investment at the upcoming conference.
Also at this event, some memoranda of understanding on investment co-operation are set to be signed, including the Đồng Đăng-Trà Lĩnh expressway project (worth VNĐ21 trillion), and the complex of Thăng Hen Lake, Bản Giốc Waterfall tourism area and Phia Oắc-Phia Đén area projects (worth VNĐ5 trillion).
Local leaders have had many meetings with big Vietnamese businesses like FLC, Sun Group, TNJ, Đèo Cả and TH True Milk to persuade them to invest in the province and these firms have also come to Cao Bằng to make surveys, Hà added. — VNS
