Cao Bang province works to develop three economic pillars

Chairman of the provincial People’s Committee Hoang Xuan Anh said Cao Bang is inviting investment in eco-tourism projects, hi-tech agriculture, agro-forestry-fishery processing, infrastructure and traffic connectivity.

To create favourable conditions for businesses, it will further improve the local investment climate. Each official and civil servant of the province is committed to providing the best services to people and enterprises, the official affirmed.

Anh said this direction has proved effective when the revenue from tourism and activities via border gates has increased continually over the past years. Local agricultural products have begun to gain a foothold in the market.

Meanwhile, more and more domestic and foreign investors have realised the province’s potential, he noted, adding that at the recent investment promotion conference, Cao Bang presented investment certificates to 14 projects worth over 3.5 trillion VND (149.5 million USD). It also inked memoranda of understanding on cooperation with 17 investors who plan to invest 36.17 trillion VND (1.5 billion USD) here.

This source of investment capital will surely become a strong driving force for local economy, he said.

Regarding tourism potential, Cao Bang boasts imposing mountains and beautiful natural landscapes such as Ban Gioc Waterfall, Nguom Ngao Cave, Pac Bo Cave, Lenin Spring, and Thang Hen Lake. Notably, its Non Nuoc Cao Bang Geopark was recently recognised as a global geopark by UNESCO.

The province is also home to eight ethnic groups with diverse culture, which is also a good condition for tourism development.

Meanwhile, Cao Bang borders the Chinese province of Guangxi – a relatively developed region with a population of nearly 50 million. If cross-border trade and connectivity are further facilitated, it will be a point of transit for goods of not only Vietnam but also Southeast Asian to enter China.

Local land, water and weather conditions are ideal for agriculture, Anh said, noting some famous farm produce such as Trung Khanh chestnut, Xuan Truong glutinous rice, Thach An wax gourd, beef of H’Mong ethnic people, and Bao Lac black-bone chicken.

The TH Group is planning a clean dairy farming project in Cao Bang. Once this project is carried out, it will be momentum for local people to change their mindset for agricultural development, he said.