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Conference seeks to boost investment in ethnic minority & mountainous areas

Over 200 local and foreign delegates on Monday in Hanoi partook in a conference to seek ways to promote investment and assistance for socio-economic development in ethnic minority and mountainous areas.

Over 200 local and foreign delegates on Monday in Hanoi partook in a conference to seek ways to promote investment and assistance for socio-economic development in ethnic minority and mountainous areas.

Deputy PM Nguyen Xuan Phuc at the conference on promoting investment & assistance for socio-economic development in ethnic minority & mountainous areas, Hanoi, December 8, 2014.

They heard a report on Vietnam’s socio-economic development as well as policies targeting to lure more investments and foreign aid for ethnic minority areas.

Delegates also discussed orientations and measures to implement a project on strengthening international cooperation to support socio-economic development in the region and a national program to mobilize aid from non-governmental organizations (NGOs) in the period 2013-2017.

Addressing the event, Deputy PM Nguyen Xuan Phuc thanked international organizations and foreign partners for their great assistance for the socio-economic development in ethnic minority and mountainous areas in Vietnam.

Mr. Phuc stressed the necessity to perfect planning; exploit potentials in agro-forestry processing; develop ecological and cultural tourism, building materials, and small-and-medium-sized irrigation works.

The Government leader also asked for appropriate policies to lure large-scale investment in order to upgrade transport infrastructure; better poverty reduction; ensure social security; and safeguard the environment.  

At the conference, NGOs committed to US$ 200 million in aid for 261 charity programs and development assistance projects in the next three years.

Meanwhile, the military-run telecom group (Viettel) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) pledged US$ 480 million of credit to help stimulate socio-economic development in ethnic minority and mountainous areas in 2015.

Source: VGP
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