Over the years, Lai Châu has consistently implemented a series of comprehensive and breakthrough measures to significantly improve its investment and business environment—demonstrating a clear commitment to accompany enterprises in overcoming challenges and advancing sustainable production.

Creating a Favorable Investment Climate

The Lai Châu Provincial People’s Committee (PPC) annually organizes an Investment Promotion Conference—an important platform to showcase the province’s unique potential, comparative advantages, and preferential policies—painting a vivid picture of a land full of opportunities, ready to welcome strategic investors.

In parallel, the province maintains regular dialogue sessions and meetings with the business community. These events allow provincial leaders and line departments to directly listen, exchange, and jointly address concerns, building a truly open, transparent, and enabling environment for investment and business.

The PPC has directed relevant departments to advance substantive administrative reform, improve project appraisal quality, and minimize processing times to facilitate investment procedures.

After three months of implementing the two-tier local government model, Lai Châu’s political system has operated smoothly and effectively, with all communes and wards now running One-Stop Service Offices. The rate of administrative procedures resolved on or ahead of schedule has reached 98.8%. Nearly 4 million pages of administrative records and documents have been digitized, while the shared data infrastructure continues to expand and integrate from the provincial to grassroots level—enhancing governance efficiency.

Particular focus has also been placed on developing transport infrastructure as a key connectivity driver, alongside training a high-quality workforce in key sectors such as agriculture, industry, information technology, education, and healthcare, as well as supporting startups and innovation.

Thriving Enterprises, Thriving Lai Châu 

Lai Châu currently has 2,265 registered enterprises with a total capital of 64,306 billion VND, and 442 cooperatives with registered capital of 1,409 billion VND.

According to Chairman Lê Văn Lương, the province’s business and entrepreneur community has grown steadily, playing a crucial role in socio-economic development and stability—creating jobs and incomes for workers, contributing to the state budget, and actively engaging in the province’s social welfare programs.

In 2025, the provincial economy maintained stable growth, with enterprises and cooperatives contributing 67.5% of total budget revenue (approximately 1,605.5 billion VND out of 2,378 billion VND) and generating jobs for over 22,000 workers, with an average monthly income of 7 million VND. Businesses have also complied with Party guidelines and State policies while enthusiastically supporting local social welfare, poverty reduction, and new rural development initiatives.

Chairman Lê Văn Lương affirmed that the joint efforts of enterprises, authorities, and citizens have helped Lai Châu progressively close its development gap with other provinces.

Listening with Openness, Resolving with Determination

Despite growing in number, Lai Châu’s enterprises still face many barriers: 85% are micro and small-sized, with limited financial and management capacity; infrastructure for transport and logistics remains incomplete, raising production costs; high-quality human resources are still lacking; and administrative procedures—especially regarding land, environment, investment, and site clearance—remain cumbersome for certain projects. Many enterprises rely heavily on out-of-province markets, increasing costs and reducing competitiveness.

Cooperatives also remain small in scale, often evolving from household production with low capital and revenue, limited product diversity, and weak linkages with enterprises and farmers.

To review progress and create a platform for dialogue and connection, the Lai Châu PPC held the 2025 Business Dialogue and Meeting under the theme “Authorities Accompany Businesses for Steady Growth” on October 13.

With a spirit of openness and cooperation, provincial leaders hoped the conference would serve as a lively and constructive forum for enterprises, cooperatives, and authorities at all levels to exchange ideas and jointly remove bottlenecks.

At the conference, enterprises and cooperatives submitted 53 recommendations to the PPC and departments.

• In Culture and Social Affairs: four proposals covered vocational training, workforce retention policies, support for digital transformation in production and sales, and incentives for investment in new machinery and production lines.
• In Industry and Construction: eighteen proposals addressed labor and material costs, mineral prices, private investment in energy projects, preferential credit for manufacturers, debt restructuring and interest rate reductions, corporate income and VAT tax incentives, technical training and consulting programs, and faster construction permit processing.
• In Agriculture and Environment: thirty-one proposals focused on resource tax calculation, project lifespan for mining operations, collective economy support mechanisms, forest development, land rent reductions, and streamlining land clearance and certification procedures.

Relevant departments provided detailed, responsible, and transparent responses while recording remaining issues for further action.

Commitment to Reform and Enterprise-Centered Development

In his directive remarks, Provincial Party Secretary Lê Minh Ngân commended and deeply appreciated the tireless efforts and contributions of Lai Châu’s business community.

He recalled that on July 7, 2025, the Provincial Party Standing Committee issued an Action Programme to implement Resolution No. 68 of the Politburo, which identifies “the private sector as the most important driving force of the provincial economy, pioneering in industrialization, modernization, and productivity-driven growth.”

He urged departments to cut at least 30% of time and cost for administrative procedures in land and construction, eliminate discretionary licensing, and decisively handle any bureaucratic delays or harassment of enterprises.

To realize the socio-economic development goals for 2025 and the 2025–2030 period, Lai Châu will continue to facilitate enterprise access to resources and development space—completing the provincial planning for 2021–2030 with a vision to 2050, ensuring transparency in land-use planning, and promoting digital transformation, innovation, and green growth.

Secretary Ngân also called on enterprises and cooperatives to proactively formulate market-oriented business strategies aligned with international integration and the province’s development direction, fully tapping local advantages in land, labor, and tourism, and boldly expanding into new sectors.

“Lai Châu always regards enterprises as the center of development, the focus of public service, and the engine of growth. The province’s leadership commits to listen – understand – act to promptly address all legitimate concerns within our jurisdiction. No formalities, no delays—every business recommendation will be tracked until resolved. Regular dialogues will be maintained to ensure smooth communication, timely feedback, and a transparent, stable, and safe investment environment where enterprises can confidently operate and grow,” emphasized Party Secretary Lê Minh Ngân.

In recognition of entrepreneurs who have contributed with dedication and civic spirit to a green, fast, and sustainable Lai Châu, the PPC awarded Certificates of Merit to six collectives and twelve individuals on the occasion of the 21st Vietnamese Entrepreneurs’ Day (October 13)—honoring their outstanding achievements and inspiring the wider business community to continue striving for growth and social progress.