On the morning of June 30, in Hanoi, Lai Chau province organized the 2026 Investment Promotion Conference with the theme "Lai Chau - Awakening Potential, Unleashing Opportunities".
Attending and giving directing speeches at the conference were Ms. Pham Thi Thanh Tra - Secretary of the Party Central Committee, Deputy Prime Minister; leaders of central ministries and sectors, international delegates, experts, business associations, economic groups and investors.
Speaking at the opening, Chairman of Lai Chau Provincial People's Committee Ha Quang Trung said that the conference aims to introduce potentials, advantages, development orientations and investment cooperation opportunities in the new period. Lai Chau sets a double-digit economic growth target in the period 2026-2030, striving to become a medium-developed province of the Midlands and Northern Mountains region by 2030.
According to provincial leaders, Lai Chau has advantages in terms of strategic location, development of renewable energy, commodity agriculture, concentrated livestock, pharmaceuticals, tourism, trade, border gate economy and logistics. These are areas that the locality has identified as prioritizing investment attraction, associated with green and sustainable development orientation.
Mr. Ha Quang Trung said that in recent years, the province has focused on improving the investment environment, promoting administrative procedure reform, and promulgating specific mechanisms and policies to support businesses.
Lai Chau also implements the "green channel" mechanism for priority non-budget investment projects according to the principles of publicity, transparency, and responsibility.
According to the Provincial Plan for the period 2021-2030, Lai Chau aims for an average GRDP growth rate of about 9-11% per year. The economic structure is shifting towards modernization, harmonizing agriculture, industry and services. Besides growth, the province focuses on nature conservation, preserving cultural identity and improving the quality of life of people.
At the conference, representatives of ministries, sectors, experts, businesses and investors presented many papers on developing medicinal herbs, biotechnology, renewable energy, green energy infrastructure, high-tech agriculture, circular economy and improving provincial competitiveness.
Speaking to direct, Deputy Prime Minister Pham Thi Thanh Tra highly appreciated Lai Chau's proactiveness and determination to innovate, especially in improving the investment and business environment and simplifying administrative procedures.
The Deputy Prime Minister requested the province to continue to closely accompany businesses, from site clearance to preparing conditions for project implementation; urgently complete zoning planning, develop high-quality human resources and prioritize strategic infrastructure, including the Bao Ha - Lai Chau expressway and the road tunnel project through Hoang Lien pass.
At the conference, Lai Chau awarded investment policy approval decisions to 19 projects of 18 enterprises, with a total registered capital of more than 27,700 billion VND.
The province also awarded 19 memorandums of understanding on investment cooperation, with a total estimated capital of more than 172,000 billion VND, focusing on energy, high-tech agriculture, mineral processing, infrastructure, culture and tourism.
