Sa Pa is one of the localities with strong changes in the period 2016 - 2020. From a tourist town to a bustling town and recognized as a National Tourist Area. Some big projects are invested in the town such as: Complex of cultural tourism, cable car services, entertainment, Fansipan hotel; the road connecting the highway Noi Bai - Lao Cai to Sa Pa; ecotourism resorts. Implementing Project No. 5 on mobilizing resources for investment and development in Lao Cai in the 2016-2020 period, Sa Pa has also deployed a local specific project with the participation of all levels and levels. sectors in the area and the investment interest of businesses. From there, creating certain changes in the infrastructure system, especially infrastructure for tourism, contributing to improving the material and spiritual life of local people. In 5 years, Sa Pa has mobilized nearly 52 trillion dong of social investment capital. In which, the budget capital is over 6.8 trillion dong, over 33.4 trillion dong of non-budget capital, the rest is government bonds, ODA capital, capital mobilized from local funds .

Mr. Phan Nho Truyen, Head of Finance - Planning Department, Sa Pa town said: After 5 years of implementing the Project No. 5, the local socio-economy has achieved important achievements. Projects to attract investment in the area started to be deployed, a number of projects put into operation and use created jobs for local people.

Along with Sa Pa, Lao Cai city is also one of the fastest growing urbanization in the province. With an important geo-economic and geopolitical position, Lao Cai city has always been given priority to investment resources for socio-economic development. Over the past years, Lao Cai city has become a key province of the province in terms of economic development, the economic structure has been shifted in the right direction associated with the construction of a sustainable urban cluster. The city has formed 3 concentrated industrial clusters, people's lives have been improved, technical and social infrastructure has been strengthened to meet development needs.

Meanwhile, Si Ma Cai is one of the poorest districts in the province. This is a locality that benefits from investment resources for comprehensive development of transport infrastructure, education, health care and culture. According to Mr. Nguyen Trung Dung, Head of Finance - Planning Department Si Ma Cai, in the period 2016 - 2020, the district has invested more than 776 billion VND in all fields. As a result, at present, 100% of inter-commune and inter-village roads have been hardened, 100% of villages have access to the national grid, the rate of households using clean and hygienic water reaches 88%, thereby contributing to making 6 communes complete. into new rural criteria. Many completed works have been put into efficient operation, creating conditions for the local socio-economic development.

It can be affirmed that, from the Project No. 5, the province has concentrated its investment resources comprehensively for all sectors and fields. Specifically, during this period, Lao Cai spent more than 9.7 trillion dong of state budget capital to invest in upland and rural areas. Urban development has achieved many results with 9 cities, including: 1 urban center of grade II (Lao Cai city), 1 urban center of grade IV (Sa Pa town), 7 urban center of grade V and equivalent. The rate of urbanization and urbanization rate in Lao Cai province ranks first among the Northern midland and mountainous provinces. Lao Cai continues to invest in building Lao Cai - Cam Duong new administrative zone, building Lao Cai city into a grade I urban center and investing in the development of a tourist urban center in Sa Pa town.

Also in this period, the transportation network connecting regional development was deployed with the completion of many arterial transport routes connecting socio-economic development among regions such as: project of highway connecting Noi Bai - Lao Cai expressway to Sa Pa, project of Highway 4D bypassing through Sa Pa town; Quy Xa road project (Van Ban district) - Tang Loong (Bao Thang district); to build D1 road under the project of medium-sized urban development - Lao Cai city sub-project; to build a road connecting New Street (Lao Cai city) with Van Yen district (Yen Bai province); urgently prepare conditions for the construction of Sa Pa Airport. Along with that, trillions of dong were invested in developing border economic zones and developing tourism infrastructure.

Not only concentrating investment resources for economic development, Lao Cai also focuses on infrastructure development, social, ensuring social security. In the 2016-2020 period, the province has balanced more than 1,000 billion VND to invest in facilities for schools in the province. Government bonds and health target programs, the local budget has invested in the health sector more than 800 billion VND and more than 700 billion VND invested in infrastructure development, cultural institutions. .

Summarizing the success of Project No. 5, Mr. Nguyen Van Vinh, member of the Party Central Committee, Secretary of the Provincial Party Committee affirmed: In 5 years of implementing Project No. 5 on mobilizing resources for local development in the 2016-2020 period, Lao Cai has drawn a number of great experiences that contribute to the project's success. That is the leadership of the Provincial Party Committee is really the decisive factor, ensuring the continuous development of Lao Cai. In the process of leadership and direction of the Party Committee always put the position and role of Lao Cai in the regional and national relationship in the development process, thus contributing to attracting investment resources in the province. The evidence for the wise leadership of the Provincial Party Committee is shown in directing the construction and promulgation of 4 working programs, 19 key projects of the Provincial Party Executive Committee, term XV in parallel with the congress preparation, ensuring the successful implementation of the Provincial Party Congress is to implement, including Project No. 5. In addition, the province has brought into play its potentials and strengths and made the most of external resources for development investment, step by step implementing agricultural and rural industrialization and modernization, in which concentrating resources for investment in agriculture and rural areas in association with building a new countryside; to give priority to investment and development of the border-gate economy and tourism. The Provincial Party Committee and Provincial People's Committee directed the planning and planning management work well in all branches and fields, contributing to creating a large space for investment attraction. Administrative procedure reform is also one of the important factors creating the success of Project No. 5. Along with that, Lao Cai has implemented many measures to mobilize investment resources to develop socio-economic infrastructure. International cooperation and international integration aiming to mobilize investment capital have also been promoted, especially investment promotion. The province has achieved many commitments and agreements in ODA support from donors.

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