Additional 4.2 billion USD to be invested in Lang Son province
(VOVWORLD) - Prime Minister Nguyen Xuan Phuc has underlined Lang Son province’s advantages in transport infrastructure, trade, investment, and geographical position, saying they open up a large market for the northern border province.
 PM Nguyen Xuan Phuc inspects products displayed at the Lang Son investment promotion conference, September 30, 2019. (Photo: VGP/Quang Hieu) |
Addressing an investment promotion conference in Lang Son on Monday, Mr. Phuc said the Bac Giang-Lang Son expressway which opened to traffic the same day cuts travel time between Ha Noi and Lang Son to more than 2 hours. Lang Son also serves as an intermediary connecting Chinese and ASEAN investors, according to Prime Minister Phuc.
“Located 200km from the capital of China’s Guangxi province and more than 100km from Hanoi, Lang Son spans a market of 50 million people with a combined GDP of more than 300 billion USD. The Bac Giang-Lang Son expressway will be a major boost to the development of the province,” said Mr. Phuc.
Investment agreements worth more than 4.2 billion USD were announced at the conference. The majority of the capital will be coming from Vietnamese investors.