Promoting foreign investment attraction in mountainous provinces

The Department of International Cooperation under the Committee for Ethnic Minorities and the International Investment Research Institute (ISC) Company Limited have just signed a strategic cooperation agreement to promote foreign investment and enhance investment promotion in Vietnam's mountainous provinces.

Scene of the signing ceremony of the Cooperation Agreement.

According to the Cooperation Agreement, the Department of International Cooperation and ISC will closely coordinate in three key areas. Specifically, training in legal knowledge, state management skills on foreign investment (FDI) and investment promotion for officials of mountainous provinces; chairing and coordinating investment promotion activities in mountainous provinces; consulting each other in activities related to international investment cooperation. The goal of the Cooperation Agreement is to work together to support mountainous localities in improving the quality and effectiveness of foreign investment cooperation and investment promotion in mountainous provinces. Speaking at the event, Dr. Hoang Van Xo, Director of the Department of International Cooperation under the Committee for Ethnic Minorities, said that in recent times, the socio-economic situation of ethnic minority and mountainous areas has had positive changes, achieving certain results, but this is still the poorest area in the country. To exploit the potential strengths of the locality and develop sustainably, Dr. Hoang Van Xo said that in addition to mobilizing domestic resources, it is necessary to focus on foreign investment as an important channel to attract investment. In reality, foreign investment in ethnic minority areas of Vietnam is not commensurate with its potential. "Soft" limitations, including factors related to knowledge, skills, experience, etc., have impacted and affected the situation and results of foreign investment in this area. In that context, the cooperation between the Department of International Cooperation under the Committee for Ethnic Minorities and ISC will open up new prospects for mountainous localities in improving the quality and effectiveness of foreign investment cooperation, contributing to promoting comprehensive socio-economic development. "Developing ethnic minority areas has always been a priority policy of the Party and Government of Vietnam. This cooperation will contribute to opening up new opportunities, promoting diverse and comprehensive development for mountainous areas,” said Dr. Hoang Van Xo. According to Dr. Phan Huu Thang, Chairman of ISC, the signing of the Cooperation Agreement between the two sides marks an important step in mobilizing international resources and capacity to develop the socio-economy in mountainous ethnic minority areas, improve the quality of life of people and promote the international integration process of Vietnam. With a strategic vision and strong commitment, the cooperation between ISC and the Committee for Ethnic Minorities promises to bring new opportunities and prospects for mountainous localities in attracting investment and developing the economy sustainably, contributing to the implementation of the goal of comprehensive development and leaving no one behind of the Government of Vietnam. “With experience and capacity in the field of international investment, ISC wishes to contribute to the Government's joint efforts in supporting mountainous localities to attract effective investment, improve the quality of life of the people and contribute to the sustainable development of the country” - Dr. Phan Huu Thang emphasized. The signing event marks an important step in mobilizing international resources and capacity to develop the socio-economy in mountainous ethnic minority areas, improve the quality of life of the people and promote the international integration process of Vietnam. Source : https://nhandan.vn/xuc-tien-thu-hut-dau-tu-nuoc-ngoai-vao-cac-tinh-mien-nui-post814976.html