Yen Bai - The impressive growth of Yen Bai in the first months of 2025 shows that Yen Bai province is truly a reliable support for businesses in the area, an attractive destination for domestic and foreign investors. To achieve this outstanding result, the authorities at all levels in Yen Bai province have been focusing on improving the investment environment, building the image of a dynamic and friendly government; shifting the mindset from "allowing", "licensing" to "serving" mindset, strongly shifting from "removing difficulties" to "facilitating" for businesses.
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In May 2024, in Tokyo, Japan, Mr. Tran Huy Tuan, Secretary of the Provincial Party Committee, presented the Decision approving the investment policy to the Chairman and General Director of Erex Honna Hitoshi Group, and approved the investor of the Yen Bai 1 Biomass Power Plant Project in Bac Van Yen Industrial Cluster, Van Yen District, Yen Bai Province. |
Positive signals
Closing the first quarter of 2025, Yen Bai made its mark with important breakthrough results marking the strong recovery of the economy, creating a bright picture of impressive and outstanding colors.
GRDP growth rate is estimated at 9.58%, ranking 5th out of 14 provinces in the Northern Midlands and Mountains region, and 12th out of 63 provinces and cities nationwide.
The economic structure continues to shift positively and in the right direction. The agricultural and rural sector affirms its role as an important pillar of the economy. The growth rate of the agricultural, forestry and fishery sector is estimated at 6.98%, ranking 2nd out of 14 provinces in the region.
Industrial production, trade and services maintained a good growth rate. The growth rate of the industrial and construction sector is estimated at 11.92%, ranking 6th out of 14 provinces in the region (of which industry is estimated at 13%). The industrial production index increased by 9.8% (the growth scenario for the first quarter of 2025 is 8.5%); The industrial production value is estimated at VND 4,460 billion, equal to 22.3% of the plan; equal to 105.2% compared to the growth scenario for the first quarter of 2025 and equal to 110.5% compared to the same period in 2024.
Trade and services have developed rapidly and flourished with an estimated growth rate of 9.85%, ranking 3rd out of 14 provinces in the region.
In particular, budget revenue has achieved spectacular breakthrough results. In the first quarter of 2025, the total state budget revenue in the area reached nearly VND 1,340 billion, equal to 24.3% of the estimate; equal to 141.4% compared to the growth scenario in the first quarter of 2025 (the growth scenario in the first quarter of 2025 is VND 947 billion) and equal to 175.6% compared to the same period in 2024.
These are positive signals, demonstrating the determination of the entire political system, Party committees, authorities at all levels, business community and people of all ethnic groups in Yen Bai province.
In the first quarter of 2025, industrial production, trade and service business in the province maintained a good growth rate.
Business consensus
In 2025, Yen Bai set a target of striving for a gross domestic product growth rate of 8.2%, and in favorable conditions, strives to reach a double-digit level (10.5%). To accompany the locality to successfully achieve that goal, businesses in the province have had many strong breakthrough solutions.
Right from the beginning of the year, Thac Ba Hydropower Joint Stock Company has urgently implemented the production and business plan for the whole year 2025, striving to produce over 370 million kWh of commercial electricity; and will connect Thac Ba 2 Hydropower Plant to the national grid as soon as possible.
In the field of construction materials production, businesses strive to grow by about 10%. According to Mr. Lo Manh Cuong, Deputy Director of Yen Binh Cement Joint Stock Company: "To achieve the growth target of the enterprise, the Company has implemented many measures to promote the market, constantly improve, enhance quality and efficiency in production and business. In 2025, the Company will overcome difficulties, focus on improving production processes, finding new markets for products and is expected to produce over 1 million tons of cement for export to the market".
Authorities at all levels in Yen Bai province have been focusing on improving the investment environment and building the image of a dynamic and friendly government.
For the electricity industry, by 2025, we strive to provide enough electricity for industrial parks and clusters in the area. In particular, in the Southern Industrial Park, we have just installed an additional transformer with a capacity of 63,000 MhW, increasing the capacity to 103,000 MhW and renovating the power grid system to upgrade the transmission system to ensure electricity supply, with the goal of creating conditions for businesses to promote production and business.
Mr. Cao Binh Dinh, Director of Yen Bai Province Electricity Company shared: "The company is strengthening the renovation of the power grid system to upgrade the transmission system to stabilize the power supply for enterprises in industrial parks in the province as well as contribute to the economic growth of the province."
It is known that in 2024, enterprises in the province paid taxes to the state budget of over 1,514 billion VND, accounting for about 60% of the total balanced revenue in the area. Some enterprises have made large contributions to the state budget such as: Xuan Thien Yen Bai Joint Stock Company, Thac Ba Hydropower Joint Stock Company, Truong Thanh Construction and Development Investment Joint Stock Company, Van Chan Hydropower Joint Stock Company, RK Vietnam Marble Company Limited, Tram Tau Hydropower Joint Stock Company, YBB Calcium Carbonate Joint Venture Company, Chan Thien My Production and Trading Company Limited, Ho Bon Hydropower Joint Stock Company,...
Enterprises have implemented and complied well with the provisions of the law on labor.
Enterprises have implemented and complied with the provisions of the law on labor (implemented and signed labor contracts with employees, paid employees equal to or higher than the regional minimum wage, participated in social insurance, health insurance, and unemployment insurance for employees according to regulations).
The average salary of workers in industrial parks is about 6.5 million VND/person/month. The number of workers participating in social insurance, health insurance, and unemployment insurance is 98%. Enterprises in the province have donated tens of billions of VND to implement the Project to support housing for poor and near-poor households in the province for the period 2023-2025, social security activities, humanitarian charity, support to overcome natural disasters, storms and floods, etc.
Accompanying Government
In Yen Bai, for many years now, the program "Weekend with people and businesses" and the activity "Business Coffee" have been implemented regularly and seriously in the direction of enhancing dialogue, closely following reality, listening to people, focusing on the grassroots, promptly supporting large and key investors and solving and removing difficulties and obstacles for people, businesses and investors.
Chairman of Yen Bai Provincial People's Committee Nguyen Tuan Anh dialogues and resolves difficulties for businesses in the program "Business Coffee"
Ms. Bui Thi Suu, Chairwoman of Yen Bai Provincial Business Association said: "The Provincial Business Association always focuses on playing a good role as a solid bridge between the business community and state management agencies; proactively guiding and promptly updating new policies and orientations of the Central Government and the province. We also regularly grasp and promptly reflect the difficulties and obstacles in production and business of enterprises and members to competent authorities and state management agencies to resolve, remove, and create the most favorable conditions for business development."
With an open and attractive investment and business environment, up to now, the province has had 659 projects with a total registered capital of nearly 99,000 billion VND and over 513 million USD that have been granted Investment Policy Decisions and Investment Registration Certificates by the province. Of which, there are 489 investment projects in the industrial and construction production sector, with a total registered investment capital of 67,765 billion VND and 424 million USD; 49 investment projects in the agricultural, forestry and fishery production sector, with a total registered investment capital of over 5,286 billion VND and 78.6 million USD; 111 investment projects in the trade, service and other economic sectors with a total registered investment capital of 16,744 billion VND and 4 million USD.
Foreign direct investment attraction tends to increase sharply. In 2024, it will be 4.1 times higher than in 2023 and 2.7 times higher than in 2021. In the first quarter of 2025, the province issued investment approval decisions for 12 projects with a total registered investment capital of VND 1,756.4 billion; adjusted investment registration certificates for 16 projects.
Up to now, in the province's Industrial Parks, there have been 96 registered investment projects (including 18 FDI projects) with a total registered investment capital of VND 16,612 billion, of which 47 projects have come into production, creating stable jobs for more than 5,000 workers with an average salary of about VND 6.5 million/person/month.
Manufacturing and trading enterprises in Yen Bai in the program "Business Coffee"
The production and business activities of the enterprise are constantly developing. In 2024, the total industrial production value reached 9,290 billion VND, an increase of 40.1% over the same period; the state budget contribution was 130.3 billion VND, an increase of 7.26% over the same period last year. In the first 3 months of 2025, the total industrial production value is estimated at 1,597 billion VND, an increase of 5.22% over the same period in 2024.
Chairman of Yen Bai Provincial People's Committee Nguyen Tuan Anh affirmed: "Yen Bai will continue to consistently, synchronously and stably implement preferential policies and investment support; focus and prioritize resources to develop a synchronous and modern strategic infrastructure system, such as transport infrastructure, industrial zones and clusters. At the same time, continue to promote reform, simplify administrative procedures, effectively implement solutions to improve the investment and business environment, ensure competitiveness, focusing on simplifying and shortening the time to handle procedures in the fields of land, investment, construction, tax, customs, minerals, land use, site clearance. In particular, we focus on completing the restructuring of the apparatus in the direction of "Sleek - Compact - Strong - Effective - Effective - Efficient" associated with restructuring and improving the quality of the staff and civil servants, ensuring that the requirements when implementing the arrangement and merger must not affect the handling of work related to the people. and business.
In the first quarter of 2025, Yen Bai province issued investment approval decisions for 12 projects with a total registered capital of over 1,765 billion VND.
Thoroughly implementing the spirit of "the government accompanies businesses and investors", the Chairman of the Provincial People's Committee has assigned departments, branches and localities to regularly grasp and promptly resolve and remove difficulties and obstacles for businesses and investors; Really be open-minded, listen, sympathize, share, harmoniously and effectively resolve difficulties and obstacles, protect the legitimate and legal rights of businesses and investors; Proactively provide information, guide and support investors to speed up the implementation of administrative procedures, support the expansion of production and business activities; closely coordinate with investors to do a good job of compensation and site clearance; resolutely revoke projects that do not ensure progress due to subjective reasons.
It can be affirmed that always standing side by side for the development of enterprises and investors is a "spiritual command" that motivates Yen Bai to constantly reach out, building the image of Yen Bai as a destination of opportunities and breakthroughs on the new development journey.
(According to tuoitrethudo)
Source: http://baoyenbai.com.vn/11/348322/Yen-Bai-Chinh-quyen-dong-hanh-doanh-nghiep-dong-long.aspx
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