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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.
Lang Son strives to lure nearly 80 trillion VND in investment ảnh 1At the press conference (Photo: VNA)
Hanoi (VNA) – The People’s Committee of thenorthern border province of Lang Son plans to sign memoranda of understandingon more than 100 projects worth nearly 80 trillion VND (3.47 billion USD) duringan upcoming conference scheduled for September 30.

It was revealed by Vice Chairman of the provincial committeeNguyen Cong Truong during a press conference in Hanoi on September 16 toannounce information about the conference.

Truong said Lang Son commits all possible support to investorswith a number of incentives, towards creating a transparent, healthy and stablebusiness environment.

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

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

The local economy grew by 8- 9 percent for the 2011- 2018period, with agro-forestry accounting for 20.3 percent, industry – construction19.68 percent, services 49.78 percent.

The province set the goal of achieving an 8-9 percent growthin gross regional domestic product (GRDP) by 2020, with agro-forestry making up19 – 20 percent, industry – construction 20 – 21 percent, and services 60 – 61percent, and per capita GRDP of 2,600 – 2,700 USD.

To such ends, the locality is adjusting the provincialsocio-economic development master plan, the Dong Dang border economic zonemaster plan, and stepping up administrative reform./.
VNA

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