Pacific Group Corporation attended Hoa Binh Province Investment Promotion Conference

Overview of the Conference

Attending this Conference, there are Prime Minister Nguyen Xuan Phuc; Mr. Nguyen Van Binh - Politburo member, central Committee Secretary, Head of Central Economic Committee, Head of Northwest Steering Committee; head of Ministries and Departments of Central and Hoa Binh Province; representatives of diplomatic offices in Vietnam and representatives of enterprises and investors inside and outside the province. For Pacific Group, there is Mr. Phan Van Quy – Chairman of the Board together with head of units and departments of Group attended this Conference.

Mr. Phan Van Quy – Chairman of Pacific Group had a speech at the Conference

Implementing Hoa Binh Province’s policy to encourage investment, Pacific Group Corporation inspected and proposed to invest in two projects: “Huong Binh ropeway route” and “Hoa Binh spiritual ecotourism place”, therein: the “Huong Binh Ropeway Route” project addressed in Phu Lao Commune, Lac Thuy District, Hoa Binh Province connected to Huong Son Commune, My Duc District, Hanoi City. Total length of the route is over 2,800 meters with 17 pillars. Total investment of this project is 676 billion Vietnam Dong. The target is constructing to uniform the ropeway route with modern equipment to support customers in travelling between Tien Pagoda – Lac Thuy Commune, Hoa Binh Province and Huong Pagoda – My Duc Commune, Hanoi. When this project operates, people in Hoa Binh will be easier in visiting to Huong Pagoda; as well as people from Huong Pagoda will be more convenient in travelling to Tien Pagoda, Hoa Binh. Currently, expected visitors come to Tien Pagoda is about 300,000 per year and this amount is expected to increase to nearly 1 million visitors per year in the following years; it will contribute in promoting the connection of culture and economic development between Lac Thuy Commune, Hoa Binh Province and My Duc Commune, Hanoi City.

Head of Hoa Binh Province granted Investment Decision of “Huong Binh ropeway route: for Thai Binh Tourism One Member Company Limited – a subsidiary of Pacific Group Corporation

The “Hoa Binh Spiritual Ecotourism Place” project locates in Phu Lao Commune, Lac Thuy District, Hoa Binh Province. Total area of this project is 160ha and the total investment is over 3 thousands billion Vietnam Dong. According to Hoa Binh province economic – social development Master plan to 2020, Hoa Binh spiritual ecotourism place is one of the projects belongs to tourism product chain of Hoa Binh, Hanoi and Ha Nam. The target of this project is developing spiritual ecotourism services, improve local culture value, and advertise tourism image of Lac Thuy District particularly and tourism image of Hoa Binh province in general throughout the country and to friends insides and outsides of the country.

Head of Hoa Binh province granted Investment Decision of “Hoa Binh spiritual ecotourism place” for Pacific – Hoa Binh One Member Limited Company – a subsidiary of Pacific Group Corporation

When these above projects operate, theywill support to enhance local economy, improve Province’s budget and create more jobs for local people.

At this Conference, Pacific Group Corporation and Vietnam Industry and Trade Bank – Hanoi Branch signed a Memorandum of Understanding. According to this MOU, both parties committed to prioritize theuse each other’s products and services in order to exploit the most potential, increase business performance, and strengthen position and competitiveness. On the basis of this Agreement, both parties will specify into detailed programs, schemes and plans to implement throughout Company, from Group/Head office to each subsidiary/branch.

Signing ceremony between Pacific Group Corporation and Vietnam Industry and Trade Bank – Hanoi Branch

Speaking at the Conference, Prime Minister Nguyen Xuan Phuc emphasized the potential advantages and development opportunity in Hoa Binh. The Prime Minister encouraged enterprises to invest in Vietnam in general and Hoa Binh province particularly. “The government and local authority always seem the success of investors as their success, vice versa, consider the failure of investors as their failure for both win” – said the Prime Minister.. While giving congratulations on programs and projects that have been invested in the province, the Prime Minister also requested investors to pay attention to environmental factors in investment process and continue to preserve and protect traditional local culture.

Prime Minister Nguyen Xuan Phuc with representatives and investors

With the topic of “Cooperation – Development – Sustainability”, this Conference is hoped to open a new chapter of developing investment in Hoa Binh province in order to ensurefast and sustainable development of Hoa Binh so as to become the economic locomotive of the northwestern of Vietnam.

Chairman Phan Van Quy and staffs at the Conference