Yen Bai currently hosts 37 FDI projects

News

Yen Bai currently hosts 37 FDI projects

Thursday, December 5, 2024

Yen Bai Province is home to 37 foreign direct investment (FDI) projects with a total registered capital of USD 420.7 million (approximately 10,109 billion VND) from investors originating from 11 countries and territories.

In 2024, Yen Bai approved three new FDI projects with a combined investment of 131.6 million USD (approximately 3,295 billion VND)

In 2024, Yen Bai approved three new FDI projects with a combined investment of 131.6 million USD (approximately 3,295 billion VND). Additionally, the province issued two notifications for investors from China and Japan to proceed with procedures for acquiring stakes in domestic enterprises.

The total realized investment for 2024 is estimated at 150 million USD (approximately 1,757 billion VND), representing 230% of the planned target and 334% of the previous year's figure.

FDI enterprises in the province achieved total revenue of 150 million USD (approximately 3,765 billion VND), meeting 100% of the plan and 135% of the previous year's performance.

These enterprises contributed approximately 14 million USD (around 354 billion VND) to the local budget, a 106% increase from the same period last year.

Over recent years, Yen Bai has actively developed and publicized a list of projects for investment promotion, effectively managing FDI in line with its delegated authority. The province has also intensified efforts to advertise investment incentives, local strengths, and the business environment. Activities promoting FDI have been organized in diverse and dynamic formats.

Each year, Yen Bai develops plans to participate in the National Investment Promotion Program, reviews and updates its list of projects for investment encouragement, and simplifies administrative procedures related to investment certification.

This proactive approach ensures an investor-friendly environment for foreign entities implementing projects in the province.

Manh Cuong

Yen Bai FDI projects China and Japan

Other news

Yen Bai hosts "Tet Sum Vay – Spring of Gratitude to the Party" in 2025

Secretary of the Provincial Party Committee Tran Huy Tuan personally presented support and gifts to workers facing hardships across Yen Bai Province.

On January 16, the Yen Bai Provincial Labor Federation organized the 2025 "Tet Sum Vay" program under the theme “Tet Sum Vay – Spring of Gratitude to the Party,” aiming to encourage, support, and care for union members and workers in Luc Yen District.

Over 86 billion VND allocated for charitable and humanitarian activities

Comrade Ta Van Long, Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People’s Council, and Honorary Chairman of the Provincial Red Cross Society, presented certificates of merit to organizations and individuals with outstanding achievements in 2024.

In 2024, the total value of activities conducted by the Red Cross Society of Yen Bai Province exceeded 86 billion VND, benefiting 230,105 individuals.

Luc Yen gains two more New Rural Standard Communes

Luc Yen District presents the provincial decision recognizing Dong Quan Commune as meeting NTM standards for 2024.

Luc Yen District has recently have two additional communes, Dong Quan and Khanh Hoa, officially recognized by the Yen Bai Provincial People's Committee as meeting the criteria for new rural standards (Nông Thôn Mới - NTM) in 2024.

The spiritual beauty of the Hmong people

According to tradition, the Hmong community’s traditional Tet typically takes place one month before the Lunar New Year. This period marks the end of the harvest season, allowing everyone to rest after a year of hard work. Nowadays, most Hmong people celebrate the Lunar New Year alongside the rest of the nation.

News