Yen Bai enjoys rise in FDI inflows
- Monday, July 17, 2023
YBO - Yen Bai is hosting 52 foreign-invested businesses from 10 countries and territories, including 30 firms having 100% capital being FDI. The firms make up 1.7% in the total number of businesses in the province, with a combined capital of about 4.4 trillion VND (186.08 million USD).
Luc Yen gemstone mineral resources have received great attention from foreign investors who are seeking investment opportunities.
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The global Halal market is valued at approximately USD 5 trillion annually, with a strong demand for cinnamon and tea products. This presents significant export opportunities for Yen Bai Province.
In 2024, Yen Bai City achieved vocational training for 2,259 individuals, exceeding the target of 1,790 by 115%. Of this total, 578 people were trained at the college level, achieving 125% of the assigned target of 461.
To date, 100% of communes in Yen Bai have roads leading to their centers that are either asphalted or concreted, and 95.5% of villages have paved roads connecting to their centers.
The province also boasts 111 out of 150 communes certified as NTM, 37 communes as advanced NTM, and 11 as model NTM communes in November, 2024. Additionally, 254 villages and four district-level units have been recognized as model NTM villages.