Infrastructure development to be foundation for rise of Lang Son

17:55 | 01/10/2019
Infrastructure development is being readied as the foundation for Lang Son province's socio-economic development by attracting more investors.
infrastructure development to be foundation for rise of lang son
The prime minister was optimistic that infrastructure development will be the key to unlocking socio-economic development for Lang Son

Located in Northeast Vietnam, the economic and political position of Lang Son 154km from Hanoi is very important for the two economic corridors of Nanning (China)-Lang Son-Hanoi-Haiphong and Lang Son-Hanoi-Ho Chi Minh City-Moc Bai.

This province is both the bridge and port between Vietnam and other ASEAN countries to Guangxi and Southern China connected through the China-ASEAN Free Trade Agreement (CAFTA). In 2011-2018, Lang Son maintained a good growth rate at 8-9 per cent.

At the Lang Son Investment Promotion Conference 2019 themed "Lang Son – Destination of Success for Investors" on September 30, 2019, Prime Minister Nguyen Xuan Phuc confirmed that the province has been developing at a rapid pace and in a comprehensive manner and that the state's budgetary revenue has always exceeded the plan, while people's lives have been improved.

The PM said that economic development has been integrated with social and environmental development. Recently, infrastructural development, especially the Bac Giang-Lang Son Expressway opening several days ago, has been emerging as the foundation for a breakthrough in the province's development in the time coming.

The PM confirmed that it is not easy to build a 64km expressway, and Bac Giang-Lang Son has cut travel time from the capital to the province by a full hour, which is one of the most important conditions to mobilise investment. At the same time, the provincial investment climate has been improving significantly.

Lang Son has been carrying out numerous measures to improve the investment climate and provincial competitiveness to lure investment and develop the economy, especially the private sector.

Pham Ngoc Thuong, Chairman of Lang Son People's Committee, said that the achievements of the province still fall short of the potential and advantages of the province and the expectations of the government. "There is empty room, a promising land for investors to explore," he said.

"Lang Son leaders commit to fully satisfy all their responsibilities towards investors in Lang Son. The province always supports and facilitates investors and businesses to reach success," Thuong added.

infrastructure development to be foundation for rise of lang son
Representatives of foreign agencies and organisations expressed great interest in Lang Son's specialities

In the opinion of Eric Sidgwick, country director for Vietnam at the Asian Development Bank, most of the economic gains have been accrued in urban areas, while rural areas, including provinces in the northeast, are still lagging behind.

"The conference is, therefore a very important step to make sure that the region continues to develop and thrive. We see great potential in Lang Son, especially in cross-border trade and investment, agriculture, and tourism," he said. "ADB pledges to support Lang Son to improve cross-border infrastructure and to maximise its geographical advantages in the Economic Corridor. We look forward to a strong and continuous partnership to help realise new opportunities for a better future for Lang Son."

Meanwhile, Nguyen Quang Huy, deputy director general of Apec Group, said that Lang Son has all the conditions needed to become the centre of FDI and a flourishing private sector, highlighting the province's 12 international border gates as well as the diverse culture and cuisine, and scenic spots.

"We hope that Lang Son has enough land to develop industrial zones and lure in multi-national corporations. In the time coming, Apec Group pledges to invest here for the long term," said Huy.

In order to rapidly develop and breakthrough, the province needs high-quality human resources. Apec Group has discussed with the provincial leaders the development of a campus in Lang Son to train skilled employees to meet the demand for human resources. "Apec Group will continue developing big projects here. The province should further innovate, especially improve its Provincial Competitiveness Index (PCI) in the time coming," added Huy.

As a developer of the Bac Giang-Lang Son Expressway, chairman of Deoca Group, Ho Minh Hoang, said that the 64km expressway is the outcome of the collaboration of the state, the province, and the developers, to create a miracle in Vietnam's transportation industry.

The expressway connecting Hanoi to Bac Giang, Lang Son, and Cao Bang is the foundation to open trade opportunities between Vietnam and ASEAN countries, as well as breakthroughs in socio-economic development.

Also at the conference, Lang Son's leaders announced the list of 37 projects calling for investment in 2019-2025, including eight industrial infrastructural projects, nine urban and transportation projects, nine trading-services-tourism-sports projects, nine agriculture-forestry-rural-development projects, and another project.

By Nguyen Huong

Based on MasterCMS Ultimate Edition Ver 2.8 2018