The PM urged the province to sustainably develop local traditional industries, like the making of steel billets, cement, kaolin, and yellow phosphorus, saying the government does not welcome investors in mining with a short-term vision, outdated technology and small-scale production that may hamper environmental sustainability and contribute very little to the economic growth.
He also underlined the need to intensify prevention of illegal mineral exports and revoke inefficient mining projects.
The leader moved on to talk about Lao Cai’s promising agriculture, highlighting seven crops set to grow on large-scale specialised farms, including high-quality rice, specialty rice, medicinal herbs, vegetables, high-quality tea, tropical fruits, temperate fruits and flowers. If advanced techniques and technologies are applied, average agricultural revenue can reach 120 – 150 million VND per hectare and even 200 – 300 million VND per hectare or more in the next few years, he said.
Phuc suggested Lao Cai develop agriculture on three pillars – organic and clean farming, use of high technology in production and processing, and linkages in value chains.
He asked the province to improve accessibility of land and information for businesses and enhance quality of business support services while investing more on vocational education and human resources quality.
He also sent a message to investors, saying all investors to Lao Cai in particular and the Northwest region in general are appreciated as, in spite of this land’s great potential, local people struggle to make ends meet and infrastructure is poor in many areas.
“Each penny from the investor, each livelihood or job created is valuable,” he said.
He wanted the investors to honour their commitments and make a worthy contribution to the local economy, not only helping create employments but also improve income, productivity and social welfare for the locals.
The event, themed “Lao Cai – A Destination of Success”, brought together over 500 delegates, many of whom were representatives from major groups and enterprises at home and overseas.
Later at the conference, Lao Cai signed cooperation agreements with 11 partners, worth over 124 trillion VND (5.3 billion USD) and presented decisions approving investment for eight projects, worth 22 trillion VND (1 billion USD). These projects are expected to start between 2019 and early 2020.
PM Nguyen Xuan Phuc also visited a war invalid and the family of a martyr in Lao Cai on the occasion of the 72th anniversary of War Invalids and Martyrs Day (July 27).