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.

YBO - As of March 15, Yen Bai province had attracted 585 projects, including 35 foreign-invested ones with a total registered capital of over 86.9 trillion VND (3.78 billion USD) and 465.7 million USD. Of the total, there were 48 projects in the fields of agriculture, forestry and fishery; 431 in industry and construction; and 106 others in trade, tourism, services and other economic sectors.

YBO - Yen Bai is currently home to three industrial parks, covering total area of 627.89 hectares. They are the 400-ha southern industrial park, the 108-ha Minh Quan Industrial Park and the 120-ha Au Lau Industrial Park.

YBO - Yen Bai has built several value chains for its major products, which have helped create concentrated production areas, reduce the situation of oversupply of products and raise incomes for local residents.

YBO - In 2019, Tran Yen became the first district of Yen Bai and the north-western region to be honoured with the new-style rural area title. Local authorities ever since have worked to meet advanced criteria and turn the district into an exemplary new-style rural area.

YBO - This year, Van Yen district will work to develop eight new products under the “One Commune, One Product” (OCOP) programme. They consist of Na Hau sturgeon, “ca gai leo” (Solanum procumbens Lour) glue, Phuong Nhung cinnamon tea, Van Yen citronella and lime essential oil, Duong Canh orange, Nong Van Quynh homestay (Phong Du Thuong commune), Chau Que Thuong rice cake, and Minh Khai community-based eco-tourism site (Quang Minh commune).

YBO - Located in the Northwest of Vietnam, the national scenic site of Thac Ba lake is one of the three largest artificial lakes in Vietnam formed during the construction of Thac Ba Hydropower Plant. It runs through the territory of Yen Binh and Luc Yen districts, covering nearly 20,000 hectares of water surface and housing more than 1,300 large and small green islands and a system of caves deep in the heart of its limestone mountains.

YBO - The Noi Bai – Lao Cai Expressway, put into operation in 2014, has opened up various opportunities for the socio-economic development in Yen Bai. Since then, a number of key transport projects have been underway, promoting regional and inter-regional connection with the expressway.

YBO - The provincial People’s Committee started construction of a 44-km road connecting National Road 32 and the Noi Bai - Lao Cai Expressway in a ceremony held in Gia Hoi commune, Van Chan district on January 9.

YBO - In Che Cu Nha commune of Mu Cang Chai district, the People's Committee of Yen Bai province has recently held a groundbreaking ceremony for a road connecting Muong La (Son La), Than Uyen and Tan Uyen (Lai Chau), Mu Cang Chai, Van Chan, and Van Yen (Yen Bai) with the Noi Bai - Lao Cai Expressway.

YBO - The People's Committee of Yen Bai province on December 22 started construction on Gioi Phien bridge in Yen Bai city. This is the 8th bridge across the Red River in the province and the 5th bridge to be built in Yen Bai city.

YBO - Yen Bai province expects to have 88 of the 150 communes recognised as new-style rural areas by the end of 2021.

Construction of VinES battery manufacturing factory costing 4 trillion VND (nearly 173.7 million USD) began on December 12 in central Ha Tinh province's Vung Ang Economic Zone with the presence of President Nguyen Xuan Phuc.

YBO - The project to upgrade Tan Linh-Tan Lap-Phan Thanh road in association with tourism development in Luc Yen district has total investment of 79 billion VND (3.48 million USD), aiming to upgrade the 17.45km road to fourth-grade mountainous road with 7.5m-wide asphalt surface.

YBO - The Department of Natural Resources and Environment of Yen Bai province has coordinated with the People's Committee of Van Yen district and the People's Committee of Dong Cuong commune to start the construction of a household waste incinerator for Dong Cuong and Mau Dong communes and Mau A town.

YBO - Yen Bai province has collected over 765 billion VND from forest environmental service users to spend on activities related to forest protection, and forest capital development since the Payment for Forest Environment Services (PES) Policy was implemented.

Despite COVID-19, foreign investors’ new capital registered in Vietnam reached 22.15 billion USD in the first nine months, up 4.4 percent compared to the same period last year, as heard at the Government Portal’s online conference held on September 27 with the participation of a number of localities housing foreign direct investment (FDI) projects.

YBO - Yen Bai province’s agricultural sector has concentrated on developing a Big Data system on land, crop, livestock and fishery to serve smart and precision agriculture development, thus increasing the proportion of hi-tech agriculture in the province's economy.

Vietnam has shown the world its capability to accelerate clean energy solutions, with the highest installed capacity of solar power in Southeast Asia and the government’s commitment to boosting energy supply and strong public demand for improved air quality, the Malaysia-based Techwire Asia news website said in an article on August 19.

YBO - A project to repair and upgrade a road running through Xuan Ai, Vien Son, Yen Phu and Yen Hop communes in Van Yen district with a total investment of 75 billion VND (3.28 million USD) was launched last weekend.

YBO - The People’s Committee of Yen Bai province has approved a plan to select contractors to construct a road connecting Highway No. 37 with Noi Bai - Lao Cai Expressway (the third phase) with a total investment of 359.74 billion VND.

YBO - Construction has started on a road linking Luc Yen district of Yen Bai and Bao Yen district of the neighbouring province of Lao Cai, which was approved by the Chairman of the Yen Bai People’s Committee in Decision No.3125 dated December 11, 2020.

YBO - Yen Bai province’s project to grow mulberry and raise silkworms in the 2019 - 2025 period had contributed to the formation of concentrated mulberry growing areas with a total area of 1,198 hectares by the end of 2020.

YBO - According to the provincial competitiveness index (PCI) report 2020 released by the Vietnam Chamber of Commerce and Industry (VCCI), Yen Bai was ranked 33 out of 63 localities nationwide and belonged to the group with medium governance quality. From 2015 to 2020, the province leaped 18 positions in the PCI rankings from the 51st position in 2015.

YBO - Yen Bai holds advantages in forestry with nearly 689,000 ha of natural land, 69 percent of which is planned for forestry.