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.
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.
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 has created favourable conditions for all the economic sectors, especially the private one, develop production.
Vietnam invested 49.3 million USD abroad in the first three months of 2020, with the US being the biggest recipient.