Yen Bai works to create breakthrough in transport infrastructure development
- Friday, July 31, 2020
Over the last five years, Yen Bai province has mobilised over 50 trillion VND (2.2 billion USD) for developing infrastructure, including key projects meant to help boost local socio-economic development and the facilities mitigating natural disaster damage.
The road linking National Highway 32C with Noi Bai-Lao Cai Expressway
Despite annual deposit rates being adjusted down between 0.3 and 0.5 percent, idle money continues to flow into banks in Yen Bai.
Van Yen district in Yen Bai province is striving to elevate potential communes, namely An Thinh, An Binh and Xuan Ai to tier-V urban areas by 2025, while focusing all resources on developing Mau A township from a tier-V urban area to a tier-IV urban area in near future.
Yen Bai province was ranked 36th among the country’s 63 provinces and cities in the Provincial Competitiveness Index (PCI) in 2019, and placed in the group of localities with good governance, according to the rankings announced by the Vietnam Chamber of Commerce and Industry (VCCI) on May 5.
The provincial People’s Committee, the Party organisation of the bloc of provincial agencies and businesses, and the business association in Yen Bai on August 28 co-hosted a monthly meeting among local businesses called “Business Café” to discuss impacts of the Vietnam-European Union Free Trade Agreement (EVFTA) on the Vietnamese economy.