Yen Bai holds Spring meeting with businesses, investors

Economy

Yen Bai holds Spring meeting with businesses, investors

Monday, March 2, 2020

YBO - The provincial People’s Committee held a Spring meeting on March 1 with local businesspeople and investors. This is an annual activity of the provincial authorities to meet with the business circle to share views for the common goal of development.

Secretary of the provincial Party Committee and Chairwoman of the provincial People’s Council Pham Thi Thanh Tra and Vice Chairman of the provincial People’s Committee Nguyen Chien Thang presented decisions approving investment proposals to 15 projects.

The meeting was attended by 160 businesspeople and investors representing nearly 2,600 enterprises, economic groups and cooperatives operating in Yen Bai.

In 2019, Yen Bai issued decisions approving investment intention and investment certificates to 55 new projects with total registered capital of over 17.2 trillion VND (nearly 745 million USD), bringing the total number of investment projects in the province to 466 with total registered capital of more than 88 trillion VND (3.8 billion USD).

The province now has 2,147 operating businesses (up 206 compared to 2018), comprising 1,288 limited liability companies, 469 joint stock companies, 352 private companies, 25 foreign-invested companies and 13 wholly State-owned companies.

Last year, the businesses contributed more than 1.17 trillion VND to the State budget, up 31 billion VND from 2018, and accounting for 54.68 percent of total State budget collection in Yen Bai. They provided jobs for more than 38,000 labourers with average monthly income of 5.5 million VND.

Addressing the meeting, Secretary of the provincial Party Committee and Chairwoman of the provincial People’s Council Pham Thi Thanh Tra informed the businesspeople about the outstanding outcomes that Yen Bai had achieved in 2019. She affirmed that the local businesses and investors had made important contributions to those results.

The official shared the difficulties faced by the business circle due to the Covid-19 epidemic, and urged them to turn challenges into opportunities. "Fire proves gold, adversity proves men, ” she said, advising them to closely follow the market in order to take timely response, and link with partners inside and outside the province to build partnerships and help each other overcome the difficult time.

At the meeting, Yen Bai authorities presented decisions approving investment proposals to 15 projects, and awarded 19 businesses and 17 individuals who made outstanding contributions to socio-economic development and social security in the province in 2019.

Thanh Chi - Hoai Van

Other news

Yen Bai attends Vietnam Expo 2024

Yen Bai province's booths at 33rd Vietnam International Trade Fair

YBO – Yen Bai province is popularising its advantageous industrial products and services at the 33rd Vietnam International Trade Fair (Vietnam Expo 2024) which is being held in Hanoi from April 3-6.

Yen Bai exerts efforts in forest restoration, greenhouse emissions reduction

Leaders of the provincial Farmers’ Association and Yen Binh district join in tree planting activity after the ceremony.

The Farmers’ Association of Yen Bai province has just cooperated with the Management Board of the Forest and Farm Facility (FFF) programme, the Vietnam Farmer’s Union (VNFU), the Farmers’ Association of Yen Binh district, and Tan Nguyen commune to launch a large timber afforestation and forest restoration campaign in an attempt to reduce greenhouse emission.

Yen Bai works to build brands for local products

Yen Bai consumers prefer products with clearly labelled sources of origin.

Branded products of Yen Bai province have received warm welcome from the market. In recent years, many enterprises have paid due attention to developing their brands and secure a foothold in the market.

Yen Bai promotes ODA’s effectiveness

The sub-project of the World Bank-funded Dynamic Cities Integrated Development Project is one of the key projects of Yen Bai province, helping create a new look for the locality.

Defining public investment disbursement, including foreign capital, is the most important task, Yen Bai province has proactively devised plans on how to use the funding and repay loans in line with local resources as well as arrange resources to pay debt and fulfill repayment obligations, ensuring that outstanding debt is closely controlled.

Economy