|Cao Bang city of Cao Bang province (Photo: ubndtp.caobang.gov.vn)
Director of the provincial Department of Planning and Investment Nguyen Thai Ha said this will be a chance for Cao Bang to tap into its agricultural and forestry potential and make use of the advantages of a border province with international border gates and crossing points, which are favourable for trading activities between Vietnam and its biggest trade partner – China.
Local authorities will also grant investment approvals and investment registration certificates to 16 projects with total registered capital of VND4.2 trillion (US$181 million) at this event.
Ha said Cao Bang has specified about 30 projects in different areas, including agriculture – rural development, industry, transport, trade, tourism, border economy and mineral mining, to call for investment in at the upcoming conference.
Also at this event, some memoranda of understanding on investment cooperation are set to be signed, including the Dong Dang – Tra Linh expressway project (worth VND21 trillion), and the complex of Thang Hen Lake, Ban Gioc Waterfall tourism area and Phia Oac – Phia Den area projects (worth VND5 trillion).
Local leaders have had many meetings with big Vietnamese businesses like FLC, Sun Group, TNJ, Deo Ca, and TH True Milk to persuade them to invest in the province, and these firms have also come to Cao Bang to make surveys, Ha added.