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.

Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal.

YBO - Yen Bai province remained a favourite destination for both domestic and foreign investors as it lured 71 projects with a total registered of over 200 million USD despite the challenging COVID-19 year of 2020.

YBO - A project to build Area C of the Muong Lo market was launched on April 22 at a cost of over 275 billion VND (11.89 million USD).

YBO - Yen Bai provinice has worked to improve its investment climate so as to secure further investments to the local industrial parks.

YBO - Yen Bai city is prioritising resources for developing infrastructure so as to create favourable conditions for locals to boost agriculture and attract investment to this sector.

YBO - The People’s Committee of Yen Binh district has announced the Yen Bai Provincial People’s Committee’s decision approving a project on the adjustment and expansion of the Thinh Hung industrial cluster in Thinh Hung commune.

YBO - The Ministry of Agriculture and Rural Development, in coordination with the People’s Committee of Yen Bai province, held a conference on December 2 and 3 to review the implementation of the national target programme on building new-style rural areas in extremely disadvantaged regions for the 2016-20, with a vision to 2021-25.

YBO - The People’s Committee of Yen Bai on September 18 held a ceremony to begin construction of wood processing factories for exports in Ngon Ngoi hamlet in Minh Quan commune of Tran Yen district.

YBO - The Yen Bai People’s Committee, on September 19, held a ceremony in Tram Tau district to begin the construction of a road connecting the National Highway 32 with the provincial highway 174 and a project to repair and upgrade the Tram Tau – Bac Yen road.

YBO - Construction work on the Apec Golden Valley Muong Lo Tourism-Trade Urban Complex began in Pu Trang ward, Yen Bai province’s Nghia Lo town on August 16.

Major Japanese enterprises are looking to buy Vietnamese IT firms through merger and acquisition (M&A) deals to expand production and business in the Southeast Asian country, reported Dau tu (Investment) newspaper.

YBO - The Yen Bai People’s Committee, in collaboration with Vu Gia Yen Bai Mineral Processing and Exploitation joint Stock Company, organised a ceremony to begin construction work at the Vu Gia Yen Bai white limestone project in Hop Nhat village, Thinh Hung commune, Yen Binh district on August 11.

YBO - 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.

YBO - 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.

YBO - 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.

YBO - 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.

YBO - 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.

YBO - 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).

Vietnam has not only become an attractive tourist address but it has also been selected to shelter and start business in by many foreigners. In addition, many Overseas Vietnamese have decided to return their homeland after years living abroad. This is a convincing evidence of the image of a peaceful, stable and developing Vietnam.

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.

YBO - Prime Minister Nguyen Xuan Phuc has recently issued Decision No.189/QD/TTg on building a road connecting Nghia Lo township in Yen Bai province with Noi Bai-Lao Cai Expressway as part of the national road transportation development plan by 2020, with a vision towards 2030.