Yen Bai draws over 70 trillion VND and 430 million USD in investment

  •  Saturday, January 25, 2020

YBO - As of July 2019, Yen Bai province granted investment licences to 485 projects with total registered capital of 71 trillion VND (3.07 billion USD) and 430 million USD.

Thac Ba Lake, which is considered Ha Long Bay on land, is inviting investment.
Thac Ba Lake, which is considered Ha Long Bay on land, is inviting investment.

Nearly 80 percent of the projects were in the field of industry, while the remaining
projects were in agro-forestry-fishery, aquaculture, trade and service.

Major projects include the Thac Ba culture, sports and tourism park worth 4.98 trillion
VND invested by Alphanam Group; the Van Hoi international eco-tourism and resort
complex worth 2.7 trillion VND of TH Group’s Van Hoi international resort and tourism
development joint stock company; and a concentrated forestry processing and
production park worth over 1.4 trillion VND owned by Cuong Thinh Thi Group joint
Stock Company.

In the coming time, Yen Bai will continue to improve investment and business
environment and promote investment activities, as well as remove difficulties and
obstacles in investment procedures and projects’ operation to attract more investors to
the locality.

YBO

Other news
Staff members of a unit handling administrative procedures in Van Yen district serve local people.

Van Yen district of Yen Bai province holds various advantages and room for growth, especially in geographical location, as it straddles in the Kunming-Lao Cai-Hanoi-Hai Phong-Quang Ninh economic corridor.

The road connecting national highway 32C and Noi Bai-Lao Cai expressway will optimise the development of Yen Bai city and Tran Yen district toward the right bank of Red River.

A road linking national highway 32C with Noi Bai-Lao Cai expressway was opened to traffic during a ceremony held in northern Yen Bai province on May 19 to mark the 130th birthday of late President Ho Chi Minh.

Van Yen district hosts an annual government-business meeting every spring.

Van Yen district has created favourable conditions for all the economic sectors, especially the private one, develop production.

A transaction office of Vietcombank in Laos

Vietnam invested 49.3 million USD abroad in the first three months of 2020, with the US being the biggest recipient.

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