Investment promotion — creating momentum for development

BHG - With 2025 identified as the “final sprint” year for meeting the targets set by the 17th Provincial Party Congress Resolution, Ha Giang Province is ramping up its investment promotion programme with a focus on improving the investment environment to build development momentum.

Construction of items under the Tuyen Quang – Ha Giang Expressway project.

Despite challenges from rising input costs and natural disasters, the province is vigorously implementing its investment promotion agenda, issuing annual resolutions and programmes, and working to improve its PAPI, PAR INDEX, and SIPAS scores. Concurrently, the province is enhancing oversight and expediting investment procedures to improve service quality for investors.

The province frequently promotes investment potential and opportunities in both Vietnamese and English, compiles a list of projects calling for investment, updates information on the investment promotion platform, and maintains a Zalo page to connect businesses with various government levels. Regular investor dialogue conferences are held to promptly address concerns and obstacles.

Relevant authorities are stepping up support for investors by assisting with field surveys, offering consultations, and guiding procedural requirements. In 2024, the province supported over 30 enterprises, approved investment proposals, and issued new investment certificates for seven projects in sectors such as hydropower, commerce, and tourism, while modifying certificates for 23 projects. To date, the province has 317 projects with total registered capital of nearly 51 trillion VND (1.96 billion USD).

However, the province also acknowledged several limitations, such as delayed coordination and weak investment readiness (in terms of planning, land clearance, and project information), leading to slow or stalled project implementation, resulting in resource waste and a negative impact on the investment environment. Many projects remain small in scale, with actual investment being much lower than the registered amounts.

The province has clarified its investment attraction direction to align with the socio-economic development strategy for the 2021–2025 period and with national, regional, and provincial planning. Pham Kieu Van, Director of the Ha Giang Provincial Department of Finance, stated that the 2025 investment promotion programme will focus on three strategic breakthroughs: completing socio-economic infrastructure (especially inter-regional transportation), developing tourism, and fostering high-quality commodity agriculture. Priority will be given to green projects linked to digital transformation and regional connectivity.

The province is also gradually modernising its investment promotion efforts, embracing information technology, establishing a data centre to support businesses, and integrating cultural preservation and environmental protection. It aims to boost investor dialogue, attract resources for infrastructure development, and create clean land within economic and industrial zones, thereby establishing a transparent, favourable, and equitable investment environment.

KIM TIEN