Yen Bai grants investment approval decisions to 61 projects
- Sunday, February 09, 2020
YBO - Authorities of northern Yen Bai province granted investment approval decisions to 61 projects with total registered capital of over 17.31 trillion VND (743 million USD) and more than 2.08 million USD in 2019 and January this year.
Yen Bai is calling for investment into Thac Ba Lake national tourism site – an attractive destination for tourists.
The northern mountainous province of Yen Bai has enjoyed significant socio-economic development over the past years. In 2018, the locality’s gross domestic product (GDP) growth reached 6.31 percent, all basic criteria were completed or exceeded the set plan, budget collection surpassed 2.9 trillion VND, total social development investments were over 11 trillion VND, the industrial production value reached 9.7 trillion VND, and the export value hit over 130 million USD.
Hai Phong Port joint Stock Company has recently signed a pre-investment consulting contract to build container berths No 3 and 4 in Hai Phong International Gateway Port.
To promote measures and policies for supporting businesses, the People’s Committee of Yen Bai province has organised the monthly “Entrepreneur Cafe” programme since 2016.
At present 32 projects and programmes funded by foreign partners are being carried out in Yen Bai with total committed grant of more than 15 million USD (351 billion VND).