Attending the Conference were Politburo member – Deputy Prime Minister – Head of Northwest Steering Committee Nguyen Xuan Phuc; Former Politburo member – Former Deputy Prime Minister – Former Head of North West Steering Committee Truong Vinh Trong; Ms. Victoria Kwakwa – World Bank Director in Vietnam; Governor of the State Bank of Vietnam, Minister of Transport Dinh La Thang and leaders of many ministries, branches, leaders of banks, leaders of 14 localities in the Northwest region, enterprises with first projects in the Northwest, …
The Northwest region consists of 12 midland provinces, the Northern mountainous region and the western districts of Thanh Hoa and Nghe An provinces, with great potentials for land, forests, mineral resources, etc. Economic growth rate The whole region in the period 2005 – 2008 reached 11.7%. By 2012, the regional GDP reached 9.64%, per capita income reached over VND 18 million / year, an increase of over VND 2.4 million compared to 2011.
Total mobilized capital and development investment in the region in 2012 reached VND 96,012 billion. In particular, the state budget capital reached 32,690 billion VND, investment credit capital reached 5,840 billion VND, the capital of state-owned enterprises reached 10,466 billion VND, foreign investment capital was 4,615 billion VND. The rest is capital from residential areas and other economic sectors.
However, because it is a difficult area, the terrain is mainly hilly and mountainous, the traffic is not developed, so in the Northwest region, there are many potentials, untapped strengths and advantages. At present, the socio-economy is still underdeveloped, people’s lives are still difficult, many schools are still dilapidated, and the health station has not been solidified …
This meeting of Investment Promotion and Social Security in the Northwest is to attract more domestic and international investment into the region, to introduce, exploit and promote the advantages and potentials. the natural, economic and social conditions of the Northwest region.
The signing ceremony of the cooperation agreement was held and 26 investment certificates with a total value of over VND 10,600 billion were held. The banking sector also signed 14 contracts for credit capital investment for projects with a committed amount of funding up to VND 19,378 billion and USD 35 million. Donors at home and abroad also funded VND 543.6 billion to serve social security in the Northwest region.
Also at the conference, Thanh Hoa Provincial People’s Committee awarded the Investment Certificate of Cam Thuy I Hydropower Project to Infrastructure and Transport Construction Investment Joint Stock Company (Intracom).
Mr. Nguyen Thanh Viet, Chairman of the Board, General Director of Infrastructure and Transport Construction Investment Joint Stock Company received the Investment Certificate of Cam Thuy I. Hydropower Project.
Cam Thuy I hydropower project was built on the main stream of Ma River, in Cam Thuy district, Thanh Hoa province. This is the middle step hydropower project of Ma river, above is Ba Thuoc 2 hydropower plant, below is Cam Thuy hydroelectric plant 2. The total investment of the project is VND 1,233 billion, with the installed capacity of 22, 8 MW. It is expected that after completion and use, the project will provide the national electricity system 91.5 million kWh / year.