11:06 | 18/09/2019

Lang Son strives to lure nearly 80 trillion VND in investment

The People’s Committee of the northern border province of Lang Son plans to sign memoranda of understanding on more than 100 projects worth nearly 80 trillion VND (3.47 billion USD) during an upcoming conference scheduled for September 30.


At the press conference (Photo: VNA)

It was revealed by Vice Chairman of the provincial committee Nguyen Cong Truong during a press conference in Hanoi on September 16 to announce information about the conference.

Truong said Lang Son commits all possible support to investors with a number of incentives, towards creating a transparent, healthy and stable business environment.

Director of the provincial Department of Planning and Investment Nguyen Huu Chien said Lang Son offers tax reduction and exemption as well as preferential land rent as regulated by the Government.

It also provides water, electricity and road infrastructure worth no more than 10 billion VND for each project, focuses on administrative reform and site clearance, he said, adding that the province issued a decision on announcing 37 projects in need of investment capital for the 2019 - 2025 period.

The local economy grew by 8- 9 percent for the 2011- 2018 period, with agro-forestry accounting for 20.3 percent, industry – construction 19.68 percent, services 49.78 percent.

The province set the goal of achieving an 8-9 percent growth in gross regional domestic product (GRDP) by 2020, with agro-forestry making up 19 – 20 percent, industry – construction 20 – 21 percent, and services 60 – 61 percent, and per capita GRDP of 2,600 – 2,700 USD.

To such ends, the locality is adjusting the provincial socio-economic development master plan, the Dong Dang border economic zone master plan, and stepping up administrative reform./.

VNA

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