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13:06, July 10, 2007 |
The Vietnamese government called for domestic and foreign investors to pour capital into the three northern provinces of Lang Son, Cao Bang and Bac Can to speed up their development and improve their business environment, Vietnam News newspaper reported on Tuesday.
The three provinces have great potential in natural resource development, including forestry, hydroelectric power, cross-border trade and ecotourism, said Truong Vinh Trong, Deputy Prime Minister of Vietnam, at a forum here on Monday, stressing the strategic location of the provinces.
The Vietnamese Bank for Investment and Development pledged to set aside about 20 trillion VND (1.25 billion U.S. dollars) for the three provinces. The forum also eyed authorities of the provinces to grant licenses to nine projects with combined capital of over 4.57 trillion VND (286 million dollars), the paper said. Four deals worth 1.57 trillion VND (98 million dollars) were signed between investors and Lang Son province.
The governments of China and Vietnam have promoted the "Two corridors, One Belt" mode, of which Nanning-Lang Son-Hanoi-Hai Phong is one economic corridor. The provinces of Lang Son, Bac Can and Cao Bang are bordering China.
Source: Xinhua
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