Phuc said 70% of the region’s districts are classified poor and the region is home to half of Vietnam’s special disadvantaged communes.
He urged conference participants to focus on mitigating the flaws in the region’s investment environment to make it more attractive to much-needed official development assistance and non-governmental organisation projects.
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The region must find ways to fund infrastructure development, agricultural reform, and human resources training.
ODA and NGO funding could determine the viability of achieving Vietnam’s millennium development goals, Phuc said
The northwest region has abundant natural resources and beautiful landscapes that should be harnessed to propel regional development.
Phuc and local leaders also heard businesses report results from their recent surveys of the region’s investment environment.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years