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Provinces face investment difficulties

by VTV422 August 2016 Last updated at 10:08 AM

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Provinces face investment difficulties
VTV.vn - Socialization of investment is a major State policy that aims to pool all of society's resources and reduce the burden on the budget.

However, many projects are still seeing slow progress, with some on the verge of collapse. One of the main reasons is the government’s inability to reach a consensus with the local people.

According to research from the provincial Department of Natural Resources and Environment, the project meets the requirement concerning natural impacts and is located far enough from residents. Not every member of the village protests the project.

"We have informed the local people about the project to build the graveyard according to official dispatches and laws. However, we still haven’t reached any agreements with local people." - Nguyen Tien Nhuong, Village heads, T80 Commune, Ngoc Thanh Ward, Phuc Yen Town, Vinh Phuc Prov.

According to a representative from Vinh Phuc People’s Committee, the graveyard is a project that the province wanted to fund. However, due to a lack of budget, the province is still unable to socialise investment in this project.

"We are still unable to control this issue. The slow progress of the projects make the investment environment of the province less attractive to investors, which is why they do not choose to invest in our province." - Nguyen Tien Hanh, Deputy Chief of Office, Vinh Phuc People's Committee

In recent years, Vinh Phuc is always listed among the top provinces with the highest provincial competitiveness index. All provinces strive to rise up this list, but the prolonging of many project due to the local people’s disagreement is causing difficulties for many localities, reducing the province’s competitiveness.