26/09/2014 15:48 GMT+7 Email Print Like 0

Vietnam facilitates foreign investment in minority communities

Hanoi, September 26 (VNA) - A joint cooperation programme for the 2014-2020 period was signed between the Committee on Ethnic Minority Affairs and the Vietnam Union of Friendship Organisations (VUFO) on September 25 in Hanoi, aiming to attract foreign investments in ethnic minority-inhabited areas.

Accordingly, the Committee on Ethnic Minority Affairs pledged to propose mechanisms and policies to create favourable conditions for investments by foreign organisations and individuals in ethnic minority communities. The Committee will also implement measures to support the communities’ development in line with the Government’s policies on ethnic minority affairs.

In addition, the Committee will coordinate with relevant ministries and localities to launch campaigns to attract foreign investments and suggest poverty reduction measures.

Meanwhile, VUFO was asked to mobilise its members and call upon Non-governmental Organisations (NGOs) and individuals to contribute to hunger and poverty reduction efforts in a bid to achieve sustainable development. VUFO will select appropriate NGOs and international aid projects to implement programmes in ethnic minority communities.

The two sides agreed to jointly manage their projects to support ethnic minorities in Vietnam and utilise foreign expertise efficiently.
VNA/VNP