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Attracting crucial investment to Vietnamese northwest
VOV 15:16, 2013/12/17
Deputy Prime Minister Nguyen Xuan Phuc has highlighted north-western Vietnam’s 25.6% poverty rate - triple the national average - while speaking at a December 14 conference on promoting investment in the region.

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.

 

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.

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