Yen Bai - Consistently and consistently with a viewpoint of always accompanying, supporting, and removing difficulties for enterprises in production and business activities and investment, Yen Bai province has paid attention to implementing well the mechanisms and preferential policies of the State and the province for enterprises; focusing on building an open and truly attractive investment and business environment, in order to create new momentum to promote production development. Yen Bai strives to attract 1.5 - 2 times more investment by 2025, contributing to completing the double-digit growth target.
 |
Chairman of the Provincial People's Committee Nguyen Tuan Anh and the delegation visited the medicinal mushroom growing model of Mu Cang Chai Edible and Medicinal Mushroom Production Company Limited in Hua Khat village, Nam Khat commune. |
>> Yen Bai enterprises actively accompany and make important contributions
>> Yen Bai's economy flourishes: Industry breaks through, trade is bustling
>> Yen Bai enterprises achieve revenue of over 5,100 billion VND
Accompanying businesses
Playing a key role in promoting local economic growth, businesses in the province have been actively contributing to the development of Yen Bai from job creation, infrastructure investment to the development of agricultural production, processing and tourism. Therefore, promoting administrative reform, simplifying administrative procedures, effectively implementing solutions to improve the investment and business environment, regularly grasping and promptly resolving and removing difficulties and obstacles for people and businesses are tasks that the province pays special attention to.
It must be affirmed that, in recent years, administrative reform and improvement of the business environment of Yen Bai have had clear movements, achieved outstanding results, created strong momentum for sustainable socio-economic development, contributing to improving the effectiveness and efficiency of the State administrative apparatus.
In 2023, Yen Bai's Public Administration Reform Index (PAR INDEX) increased by 4 ranks, from 14th to 10th; Provincial Satisfaction Index for Administrative Services (SIPAS) increased by 2 ranks, from 11th to 9th; Public Administration and Governance Index (PAPI) continued to remain in the "High Average" group with a total score of 42.49, ranking 28th/63, up 8 ranks compared to 2022; Provincial Competitiveness Index (PCI) ranked 39th/63 provinces and cities, up 12 ranks; DTI Index ranked 15th/63 provinces and cities. In 2024, Yen Bai's People and Business Service Index in performing administrative procedures and providing public services ranked 7th/63 provinces and cities.
Many measures to attract investment and develop enterprises in the area have been synchronously implemented by the province, especially effectively implementing solutions to support enterprises in technological innovation, application of science and technology, prioritizing the application of high technology and advanced technology to enhance competitiveness, create momentum for sustainable development and improve the quality of life of people in key areas such as high-tech agriculture, processing industry, tourism, and transport infrastructure to help promote local economic growth.
Workers of Unico Global YB Company Limited in Au Lau Industrial Park, Au Lau Commune, Yen Bai City on the production line.
The province encourages innovation and entrepreneurship in the business community; maintains the quality and effectiveness of the "Weekend with people and businesses" program, the "Business Coffee" program, especially the close supervision of the Provincial Investment Attraction Steering Committee and the Provincial Special Working Group, through which agencies, units and localities have promptly grasped and removed difficulties and obstacles, created favorable conditions for investors and businesses to produce and do business, carry out legal procedures, speed up the implementation of projects in the province, especially in terms of land procedures, investment, construction, tax, credit, etc.
In fact, with over 3,400 enterprises, the production and business activities of Yen Bai enterprises have contributed over 1,500 billion VND to the budget, accounting for about 60% of the total revenue balance in the area. This shows the key role of the Yen Bai business community in the growth and economic development of the locality.
Encourage investment attraction
In 2024, more than 60 projects were granted investment approval decisions with a total registered investment capital of over VND 10,600 billion, an increase of about VND 2,000 billion in registered capital compared to 2023. In particular, many infrastructure projects in industrial parks and clusters, production and deep processing of key agricultural and forestry products of the province have been attracted, such as: BBCIM Yen Bai Port Construction Investment Project of BB CIM Holdings Iron and Steel Joint Stock Company; Phu Thinh 3 Industrial Cluster Technical Infrastructure Construction Investment Project of EUP Industrial Joint Stock Company; Cinnamon Production and Processing Factory Construction Project of Son Ha Spices and Flavors Company Limited; The project of investing in construction and business of infrastructure of Tran Yen Industrial Park (phase I) of Viglacera Corporation - JSC... The whole province has 37 foreign direct investment projects in operation with a total registered investment capital of 420.7 million USD, equivalent to about 10,109 billion VND from 11 countries and territories.
It is known that at the recent 2025 Spring Meeting with Enterprises and Investors, the Provincial People's Committee granted investment decisions to 7 projects with a total investment capital of more than 625 billion VND. As a foreign enterprise investing in the construction of GO! Trade Center in Yen Bai, the representative of Central Retail Vietnam in Yen Bai province shared: "From the early days of applying for a license to build GO! Trade Center Yen Bai, we have encountered many challenges but have always received enthusiastic attention and support from provincial leaders and departments, branches and sectors. One of our top priorities when developing in localities is to bring local products into Central Retail's retail system".
"In the past time, our purchasing department has worked with the Yen Bai Department of Industry and Trade to find local suppliers, bring the province's specialty goods into the retail system, help increase product value and build brands for typical agricultural products through the "Community Livelihood" Program at the end of October 2024. In addition, we will also organize direct connections with suppliers of fresh goods as well as local specialties and OCOP products, helping the province's goods to soon appear on the shelves of GO! Supermarket. We are very pleased to announce that the GO! Yen Bai Trade Center project is currently being urgently completed and is expected to open in September this year" - the representative of Central Retail Vietnam in Yen Bai province added.
To contribute to the goal of striving to make Yen Bai one of the top 5 developing provinces in the Northern midland and mountainous region by 2030, the province directs all levels and sectors to always closely follow, accompany, and create all favorable conditions for enterprises and cooperatives to develop rapidly, sustainably, and diversely with high growth rates in terms of quantity, scale, and quality; promote investment attraction activities, develop industry and services according to industry and sector planning; prioritize attracting investment in high-tech projects, using resources economically and efficiently, and being environmentally friendly; focus on attracting strategic investors with capacity and experience to implement large-scale investment projects, with orientation, leadership, and creating spillover effects in the fields of industry, tourism, services, and agriculture.
Along with that is research and zoning of key areas to attract investment in association with the conditions, potentials, advantages, and strengths of the province and regions within the province... Strive for Yen Bai to achieve a minimum growth rate of 8.2% by 2025 and strive for a higher growth rate (reaching double digits) in favorable conditions, creating a solid foundation to achieve a double-digit growth rate in the period 2026 - 2030.
| At the 2025 Spring Meeting with Enterprises and Investors, the Provincial People's Committee granted investment policy decisions to 7 projects: Yen Bai Export Forestry Processing Factory Project with a total investment of 124.7 billion VND; GO! Yen Bai Supermarket Project with a total investment of 5.3 million USD, equivalent to more than 135 billion VND; Biological Products Factory Project with a total investment of 95 billion VND; Fused Phosphate Factory Project with a total investment of 90 billion VND; Factory Project for Recycling Scrap and Solid Waste into Renewable Energy with a total investment of 70.4 billion VND; Hai Nga Inland Waterway Wharf Project with a total investment of 60 billion VND; Thanh Son White Marble and Natural Stone Processing Factory Project with a total investment of 50 billion VND. |
Minh Thuy
Source: http://baoyenbai.com.vn/12/346584/Don-bay-cho-Yen-Bai-tang-truong-ben-vung.aspx
Comment (0)