Illustrative image (Source: VNA)
Ha Nam (VNA) – A delegation from Myanmar led by Aung Naing Oo, Director General of the Directorate of Investment and Company Administration (DICA) under the Ministry of National Planning and Finance made a working visit to the northern province of Ha Nam on August 9.

The visit aims to learn from the Vietnamese locality’s experience in investment attraction, socio-economic development, land and tax management, and land clearance.

Vice Chairman of the provincial People’s Committee Vu Dai Thang briefed the guests on Ha Nam’s prominent achievements in luring investment and promoting socio-economic development, while sharing experience in achieving them.

In 2011-2015 period, the province’s average economic growth reached over 13 percent per year. The per capita income hit over 42 million VND per year in 2015, while the rate of poor households fell to 3.9 percent.

In recent years, Ha Nam has always been among the country’s top ten localities in investment attraction. The locality is now home to 580 investment projects worth 4.8 billion USD, including 172 foreign-invested projects with a total capital of over 1.4 billion USD.

In the first six months of the year, the province lured 41 projects, including 18 FDI ones,

According to Thang, to achieve these outcomes, the local authorities have mobilised all resources to invest in developing technical infrastructure and improving the efficiency of industrial parks and clusters.

The province has focused on fine-tuning mechanisms and regulations to attract investment in support industry, processing and manufacturing, with priority given to products that use advanced, energy-saving and environmentally friendly technologies, he said.

It has also fostered agricultural industrialisation, towards creating breakthroughs in agriculture production, boosting rapid and sustainable agricultural development, and accelerating agricultural restructuring, he added.

For his part, Aung Naing Oo spoke highly of Ha Nam’s achievements in investment attraction and economic development, saying that his country is hastening reform in some economic fields, including investment promotion.

Ha Nam’s experience will be useful for Myanmar to realise its socio-economic development targets, he said.-VNA