In a move to unlock the economic potential of Vietnam's mountainous areas, the International Cooperation Department (ICD) under the Government Committee for Ethnic Minority Affairs has joined hands with the Institute for International Investment Studies (ISC) through a strategic cooperation agreement, the Vietnam News Agency reported on July 14.

This partnership aims to improve the quality and effectiveness of foreign investment collaboration and attraction in mountainous provinces, thereby contributing to their comprehensive socio-economic development.

The agreement outlines three key areas of collaboration, including educating officials from mountainous provinces about legal knowledge, state management skills in foreign investment and the best practices in foreign investment; leading and coordinating investment promotion activities in these regions; and providing mutual consultation on activities related to international investment cooperation.

Speaking at the event, Mr.Phan Huu Thang, Chairman of both ISC and the Vietnam Industrial Park Finance Association (VIPFA),  underlined the agreement’s  potential to pool international resources and capabilities for the benefit of ethnic minority and mountainous regions.