Yen Bai: 674 Projects Granted Investment Policy Decisions

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Yen Bai: 674 Projects Granted Investment Policy Decisions

Friday, February 14, 2025

Over the years, Yen Bai has prioritized administrative reform, improving the business investment environment, and attracting investment while developing a high-quality workforce as key strategies for socio-economic development.

Yen Bai remains committed to attracting large-scale projects with high competitiveness, advanced technology, and strong ripple effects, fostering sustainable economic growth in the province

To attract investment, the province has implemented comprehensive measures to enhance the business environment, streamline administrative procedures, and expand online public services. Simultaneously, Yen Bai has introduced various mechanisms and policies to maximize resource mobilization for economic and social development.

The province is effectively implementing the Investment Attraction Plan for Yen Bai for the 2023-2025 Period, with a Vision to 2030. This plan prioritizes large-scale projects with high competitiveness, modern technology, and strong spillover effects. It also encourages increased linkages between investors to establish and develop industry clusters along value chains within the province.

As of early 2025, Yen Bai has continued to make significant strides in investment attraction. In 2024 and January 2025 alone, the province approved 39 new investment policy decisions and granted investment registration certificates, with a total registered capital of nearly VND 11.1 trillion and USD 5.27 million. Among these, 25 projects were in the industrial and construction sectors, accounting for VND 9.74 trillion in registered capital, while 14 projects focused on trade, services, and other economic activities, with a total registered capital of VND 1.338 trillion and USD 5.27 million.

To date, Yen Bai has approved a total of 674 projects with a combined registered investment capital of nearly VND 96.57 trillion and USD 280.5 million. Specifically, 478 projects belong to the industrial and construction sectors, with a registered capital of VND 78.134 trillion and USD 197.9 million. The province has also attracted 48 projects in agriculture, forestry, and fisheries, totaling over VND 5.27 trillion and USD 78.6 million in registered capital. Additionally, 121 projects in trade, services, and other economic sectors have secured VND 13.165 trillion and USD 4 million in investment.

Thanh Phuc

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