Lang Son - Successful Destination for Investors

2:21:41 PM | 10/1/2019

Prime Minister Nguyen Xuan Phuc and 500 representatives from central and local agencies, diplomatic missions, economic groups, domestic and foreign investors and enterprises attended the Lang Son Investment Promotion Conference 2019 in Lang Son province on September 30. This is considered the biggest-ever investment attraction event in Lang Son province.

The Lang Son Investment Promotion Conference 2019 is an important event, a good opportunity for the province to promote and introduce local potential, strengths, incentive mechanisms and policies and investment projects. At the same time, through the event, domestic and foreign investors will be able to access the most complete and clearest information about investment mechanisms, policies, administrative procedures and support and incentive policies for investment projects and fields in Lang Son province.

Blessed with various potential, advantages and an attractive investment environment, Lang Son province is expected to be a successful destination of all investors. Lang Son is committed to providing the most favorable conditions for investors and businesses to have an open, transparent and prosperous investment and business environment.

At the conference, 102 projects were licensed for investment, with a total value of over VND105 trillion (US$4.5 billion). Prime Minister Nguyen Xuan Phuc and representatives of central ministries, departments and agencies witnessed the investment licensing ceremony in which the Lang Son Provincial People’s Committee handed investment certificates to 25 investors who registered to invest over VND60 trillion (US$2.6 billion). In addition, the attendants witnessed the signing of memorandum of understanding between the Ministry of Information and Communications and the Lang Son Provincial People's Committee on cooperation in local information and communication development.

Among 37 projects seeking for investors from 2019 to 2025, eight are involved in industrial infrastructure; nine in transport, urban and social infrastructure; nine in commerce, service, tourism, physical training and sports; nine in agriculture, forestry and rural areas.

Delivering a speech to the conference, Prime Minister Nguyen Xuan Phuc affirmed that Lang Son has abundant potential and advantages such as favorable geographical location, development potential for service, agriculture, forestry and industry. Over the past years, with the efforts and determination of the Party Committee and the Provincial People’s Committee, Lang Son has attracted many investors to study and carry out investment projects in the locality, thus giving a helping hand to local socioeconomic development. This Investment Promotion Conference is a good opportunity for Lang Son leaders, donors and investors to exchange information and opportunities and promote business and investment cooperation. In order to attract investment more effectively, in the coming time, Lang Son needs to focus on carrying out three key groundbreaking economic programs: Agricultural restructuring associated with new countryside construction, border-gate economic development, and accelerated construction of socioeconomic infrastructure, with a focus on transport infrastructure. The Prime Minister also pressed the province to further step up administrative reform, improve the quality of public services, focus on developing technical infrastructure and improving infrastructure quality; and attract more investment capital.