The Provincial Government of Nueva Vizcaya (PGNV), in partnership with the Provincial Cooperative and Enterprise Development (PROCEDE) Office, Department of Trade and Industry (DTI), and Department of the Interior and Local Government (DILG), organized an Orientation on Investment Promotions and Competitiveness on July 25, 2024, at the Ammungan Hall, Capitol Compound.
The event brought together key stakeholders, including Municipal Planning and Development Coordinators, Local Chief Executives, Municipal Administrators, and representatives from the 15 municipalities, to enhance investment opportunities and promote economic competitiveness in the province.
Ms. Juditte L. Asuncion, PROCEDE Chief, extended a warm welcome to the participants, emphasizing the importance of collaboration and knowledge-sharing in fostering economic growth and development. Despite his absence due to a prior commitment, Governor Atty. Jose V. Gambito conveyed his message of support for the initiative, underscoring the significance of promoting investment opportunities and economic competitiveness in Nueva Vizcaya.
Ms. Melania M. Seangoy, DILG-NV’s Program Manager, highlighted key topics such as the “Mandanas ruling,” devolution transition plan, Seal of Good Governance, and Public-Private Partnerships (PPP), their roles in enhancing local governance and attracting investments. Atty. Michael B. Paggabao, DTI-NV Provincial Director, provided insights into Investment Promotions and Competitiveness, discussing the Cities and Municipalities Competitiveness Index (CMCI) and strategies for enhancing LGU competitiveness.
The orientation featured in-depth discussions by experts in the field, including Ms. Kesha Mae F. Antonio-Humiwat of DILG-NV on the Local Investments and Incentives Code (LIIC), and the designation of Local Economic Development and Investment Promotion Officer/Office (LEDIPO) in LGUs. Mr. Randolph Cacaho of DTI-R02 shed light on Priority Investment Areas in the Cagayan Valley, emphasizing the importance of the Strategic Investment Priorities Plan (SIPP) in driving economic growth.
Mr. Marvin A. Tucay, PROCEDE’s Cooperative Development Specialist II, presented investment opportunities in Nueva Vizcaya, focusing on renewable energy projects, agriculture, processing centers, and other key sectors. Ms. Catalina K. Acpal of the Provincial Planning and Development Office (PPDO) discussed Infrastructure Development’s impact on Investment Attraction and Public-Private Partnerships, highlighting the importance of strategic infrastructure planning.
Mr. Jovito O. Celestino, Assistant Provincial Administrator, shared insights on the Seal of Good Local Governance, emphasizing the province’s commitment to good governance practices. Vice Governor Eufemia A. Dacayo concluded the program by expressing her admiration for the successful event, commending the active participation of LGUs and encouraging them to apply the knowledge gained to further enhance investment promotions and competitiveness in their municipalities. /mvs
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