Provincial master plan opens up investment attraction opportunities

Son La province's Master Plan for 2021-2030, with a vision to 2050, approved by the Prime Minister, has opened up opportunities for the locality to attract more investors, especially in projects of important and strategic significance to improve service and trade quality, and promote high-tech agriculture development.

Under the master plan, the Moc Chau urban area is expected to boost tourism development.

By 2030, Son La is projected to become a well-developed province in the northern midland and mountainous region and the centre of the northwestern sub-region; the key tourist destination of the Vietnam - Laos border area and the northern midland and mountainous region; and the agricultural processing hub of the northern midland and mountainous region.

At the conference to announce the master plan held earlier this year, the provincial People's Committee gave in-principle approvals and investment licences to investors to deploy projects in the locality.

The eight investors are Detech Coffee JSC, Musa Green JSC, Son La Coffee Processing JSC, Vietnam National Tea Corporation (Vinatea), Tin Phat Phuc Son Company Limited, Minh Thuy Co Noi Livestock One Member Company Limited, Phuc Anh Company Limited, and Dong Que Real Estate JSC.

 Provincial leaders present in-principle approvals and investment licences to businesses.

Among the projects, there are big ones like Son La coffee processing factory by Son La Coffee Processing JSC, with a total investment capital of 200 billion VND (8.06 million USD); Moc Chau tea processing factory valued at 85 billion VND by Vinatea; and another project worth 286 billion VND by Minh Thuy Co Noi Livestock One Member Company Limited.

The master plan features the detailed planning of the agricultural sector that aims to churn out high-value, modern, sustainable and highly competitive products on the basis of diversifying farming types like high-tech agriculture, organic agriculture, and circular agriculture.

Son La has focused on developing key, typical products with potential, advantages, and large output; and linked agriculture with other sectors to support each other in the supply and sale of products, machines, and materials. It is striving to become a key agricultural province of the country, and stand among the leading localities in the northwestern and northern mountainous regions.

The Son La coffee processing factory generates jobs for more than 100 local labourers.

To create advantages in investment attraction, the province has also paid attention to promoting its image, investment environment, policies, potential and opportunities; and stepping up trade promotion, and support for businesses.

At the same time, it has streamlined administrative procedures, and worked to improve its competitiveness, thus turning itself into an attractive investment destination.

Statistics show that as of the end of 2023, the province had attracted 24 new projects worth 17.58 trillion VND. Four projects had their capital added by 505 billion VND.

By the end of February 2024, the province counted more than 3,490 businesses, with a total registered capital of over 53.53 trillion VND.

Delegates have a look at the provincial Master Plan for 2021-2030 with a vision towards 2050.

To lure more investors, authorities at all levels, agencies and localities in Son La are reviewing and adjusting the planning schemes of urban areas, communes, and specialised areas to ensure that they match the master plan, along with the land use plan.

 

Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Maybe you are interested

Recent news

  • 'Son La pays heed to public health care

    Son La pays heed to public health care

    SOCIETY -
    In August, medical facilities across Son La province provided check-ups and treatment for nearly 147,700 patient visits, including 26,400 inpatients and 75,500 outpatients. A total of 10,800 cases were referred to higher-level hospitals.
  • 'Son La brings clean water to ethnic minority communities

    Son La brings clean water to ethnic minority communities

    SOCIETY -
    As part of Project 1 under the National Target Programme for Socio-Economic Development in Ethnic Minority and Mountainous Areas for the 2021-2025 period, Son La province has invested in numerous water supply facilities and systems in ethnic minority regions, contributing to the improvement of people’s quality of life.
  • 'Seminar aims to raise awareness of safe fruit and vegetable production

    Seminar aims to raise awareness of safe fruit and vegetable production

    BUSINESS -
    The National Agricultural Extension Centre, in collaboration with the provincial Department of Agriculture and Environment, organised a seminar titled “Raising Awareness of Safe Fruit and Vegetable Production” in Son La province on September 9. The event forms part of the “Strengthening Safe Crop Value Chains in Northern Vietnam” project.
  • 'Son La promotes digitalisation in administrative procedure processing

    Son La promotes digitalisation in administrative procedure processing

    SOCIETY -
    The Office of the provincial People’s Committee on September 9 organised a training conference on the digitalisation of administrative procedure processing results and the handling of administrative services regardless of administrative boundaries within the province. The conference was connected online to the People's Committee offices of all communes and wards across the province.
  • 'Son La preserving traditional sports

    Son La preserving traditional sports

    SPORTS -
    Son La province is home to 12 ethnic groups, each of whom has its own traditional sports, such as “nem con” (cloth ball throwing), “to mak le”, stilt walking, “tu lu” (spinning top game), “nem pao”, stick pushing, and crossbow shooting. These activities are often held during festivals, holidays, and New Year celebrations, creating a lively and cheerful atmosphere, and becoming an indispensable part of community life.
  • ' Total mobilised capital hits 42.5 trillion VND

    Total mobilised capital hits 42.5 trillion VND

    BUSINESS -
    Over the past eight months, total mobilized capital from credit institutions in Son La province reached VND42.5 trillion ($1.61 billion), an increase of 10.82% compared to the same period in 2024. Total outstanding loans stood at approximately 51.8 trillion, up 8% year-on-year.
  • 'Son La expands national-standard schools to boost education quality

    Son La expands national-standard schools to boost education quality

    SOCIETY -
    Son La province’s Department of Education and Training has rolled out a series of measures to expand national-standard schools, standardise facilities and teaching staff, and raise overall education quality. The province is also working to create a safer and more student-friendly learning environment.
  • 'Son La promotes development of collective economy, cooperatives

    Son La promotes development of collective economy, cooperatives

    BUSINESS -
    Son La province currently has 1,094 cooperatives with over 39,500 members. Among them, 883 are agricultural cooperatives, which serve as a bridge for scientific and technological transfer, forming value chains for product consumption, creating high-quality products that meet market demands, and increasing member incomes.
Load more