Yen Bai rolls out red carpet for investors

Potential and investment

Yen Bai rolls out red carpet for investors

Sunday, May 22, 2022

To drive long-term growth, the northern province of Yen Bai is promoting a more favourable business environment under a call for investment incentivized by a new land fund.

Star Yen Bai Golf Course

Efforts to boost investment

Recognising the limitations of the past, Yen Bai province has drastically improved administrative procedures, infrastructure, and transport networks, opening the door to support new investment enterprises.

A series of projects have been completed and put into operation under the plan. The Noi Bai - Lao Cai expressway passing through Yen Bai was recently completed. In 2022, Yen Bai province will continue to upgrade key urban roads, synchronizing priority traffic routes that connect the city's infrastructure. The expansion of roads connects real estate projects with infrastructure both inside and outside the province.

In addition to promoting the improved transport system, the Government is exploring its options in the development of the Thac Ba Lake system in Yen Bai province. A 53,000-hectare national tourism area has been greenlighted at the site, with work beginning later in the year.

The project has been designated as a key tourist area in the northern midland and mountainous region built around the culture of the region and the ecology of Thac Ba lake. At the same time, various types of eco-tourism, conferences, seminars on history, culture, and sightseeing tours are to be developed around Thac Ba lake brand.

Vincom Shophouse Yen Bai.

Centre to welcome wave of investment

Thanks to attractive provincial investment policies, by the end of 2021, Yen Bai province had over 540 projects approved, with a total registered capital of about 78,926 billion VND and 382 million USD. Forty-eight of the projects are in the fields of agriculture, forestry and fishery, while 396 projects are in industry and construction. Another 105 projects are in the trade, services, and other economic sectors.

In addition, the provincial People's Committee has approved roughly 60 projects for investors to organize research and propose planning and investment schemes in the region.

The newly completed Au Co boulevard has been designated as the new administrative centre, stretching from the suburbs to the city center. Many prominent businesses in real estate and tourism have initiated projects at Au Co.

Eurowindow Green Park - A synchronous and modern urban area near Yen Bai city, covering 60.6ha.

One of the largest is the 27-hole international Yen Bai Golf Course (Yen Bai Star Golf), invested and built by Yen Bai Star Golf joint Stock Company.

A number of real estate giants have invested in the province. They include Eurowindow Holdings with the Eurowindow Green Park urban area project, and Vingroup with Vincom Shophouse Yen Bai.

TNR Holdings Vietnam, a leading real estate developer, undertook extensive studies and approved a project to build an extensive urban mall and service area called the TNR Stars Yen Bai City.

YBO

Other news

All inter-commune roads in Van Chan district concretised

The completion of Son Luong - Sung Do - Nam Muoi inter-commune road makes it easier for people to trade goods and foster local socio-economic development.

Residents in Van Chan district donated land to build over 100km of roads in 2023, of which over 96 km were asphalted. To date, all inter-commune roads and over 84% of inter-village roads have been paved.

Yen Bai aims to have 105 new-style rural areas by year-end

This year, Yen Bai province aims to have six additional communes recognised as new-style rural areas, nine advanced new-style rural communes and four model new-style rural areas. The locality is also striving to turn Yen Binh into a new-style rural district.

Yen Bai-based Netma JSC turns by-products into main ones

Experts examine and give advice on wood pellet production technology at the Yen Bai branch of the Netma JSC.

By applying technology, the branch of the Netma joint Stock Company in Vinh Kien commune of Yen Binh district, Yen Bai province, has completely mastered how to turn by-products generated during wood processing into bio pellets – a source of clean fuel for civil and industrial use as well as export.

Yen Bai aims to become attractive destination for investors

Yen Bai aims to lure 60-80 investment projects each year.

A mountainous locality with many difficulties, Yen Bai has defined investment attraction as a key solution to boost the local socio-economic development.

Potential and investment