Yen Bai: Industrial Parks and Clusters Equipped to Meet Investor Needs

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Yen Bai: Industrial Parks and Clusters Equipped to Meet Investor Needs

Thursday, April 10, 2025

In recent years, Yen Bai Province has consistently prioritized the development of modern, green, and sustainable industrial parks and clusters with the dual aim of promoting economic growth and protecting the environment. From central government directives to localized implementation, the province has significantly invested in infrastructure to attract both domestic and foreign enterprises.

A corner of the Southern Industrial Zone.

To develop its industrial zones effectively, Yen Bai has focused on several strategic measures—most notably, upgrading transportation networks to connect industrial zones with major cities and provinces, thereby improving logistics and reducing costs for businesses. Concurrently, the province has improved essential infrastructure such as electricity, water supply, wastewater treatment, telecommunications, and public utilities. Many industrial parks have been developed using "green" models designed to minimize environmental impacts.

To attract investors, Yen Bai has implemented various incentive policies, including tax breaks, land support, and streamlined administrative procedures. Between 2021 and 2024, the province invested over VND 300 billion in industrial infrastructure, successfully attracting one major industrial park infrastructure investor and several others for industrial cluster development. Key projects include the over-VND-1,860-billion Tran Yen Industrial Park and the Phu Thinh 1, 2, 3, Y Can, and Hop Minh clusters with total investments exceeding VND 2,700 billion. These developments have not only supported production but also emphasized environmental protection and public health. As a result, the province has attracted 85 investment projects with a total registered capital of VND 15,065 billion, covering 455 hectares, with an average occupancy rate in industrial parks exceeding 80%. A new cluster—Tan Hop—was recently established with a 12-hectare area.

According to Mr. Vu Vinh Quang, Director of the Yen Bai Department of Industry and Trade, the province currently has 15 planned industrial clusters spanning 773.78 hectares. These have attracted 55 investment projects totaling VND 3,717 billion, 42 of which are already in operation. The average occupancy rate of clusters is over 40%. Industrial parks and clusters have contributed significantly to the province’s economy by boosting industrial production and enhancing product value. Notably, in the transition toward green industry, businesses have been investing in clean technologies to reduce pollution and protect the environment.

Despite these achievements, challenges remain. A major issue is the lack of funding for large-scale infrastructure, especially in transportation and wastewater treatment. Some industrial zones lack research centers and technical support facilities, limiting innovation and technological advancement. Utility services like electricity, water, and waste management are not yet fully meeting production needs in some areas. In 2025, the province aims to achieve an average occupancy rate of over 76% for industrial parks and 60% for clusters, while ensuring that 100% of polluting industrial facilities are remediated.

Yen Bai will continue to mobilize funding from state budgets, ODA, FDI, and socialized capital to further develop industrial infrastructure. Priority will be given to key, regionally connected infrastructure projects that can drive broader development. Additionally, the province encourages private investment in industrial infrastructure through PPP and other partnership models. It will also review and adjust its planning toward integrated, modern, sustainable, and environmentally friendly development. Special focus will be placed on deep-processing industries that offer high added value and utilize advanced, eco-friendly technologies.

Thanh Phuc

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