Bac Lieu attracting foreign investment for ethnic minority areas

Bac Lieu (VNA) – The Mekong Delta province of Bac Lieu is attracting foreign investment and experience to support the socio-economic development of ethnic minorities .

By 2025, the province will draw official development assistance (ODA) and preferential loans, especially non-refundable aid, for socio-economic development in ethnic minority areas based on demand and potential and on the principle of preserving and upholding traditional cultural identities and protecting the environment.

It will give priority to dealing with shortages of land, housing, and water for daily use among ethnic minority households; and developing agro-forestry and investing in key infrastructure, education, scientific research and technological transfer in production connectivity models via value chains.

Further attention will also be paid to healthcare, child malnutrition prevention, gender equality, and addressing urgent problems faced by women and children.

Vice Chairman of the provincial People's Committee Phan Thanh Duy said the province will work closely with the Central Steering Committee on the National Target Programme on Socio-Economic Development in Ethnic Minority Areas, the Coordinating Office of the programme, and ministries and agencies to identify demand for international investment and ensure openness and transparency.

It will also offer all possible support in terms of policies, mechanisms, land, and human resources to facilitate foreign investment.

Priority will be given in site clearance, vocational training, the implementation of signed international agreements, conventions and contracts, and the expansion of international cooperation, to seek new partners.

Each year, the province will add more capital to build projects, hold exchanges with stakeholders, and raise funds from domestic and foreign sponsors for the effort./.

VNA