Yen Bai: Q1 Service Revenue Surpasses VND 8,450 Billion

News

Yen Bai: Q1 Service Revenue Surpasses VND 8,450 Billion

Saturday, April 12, 2025

YBO - In the first quarter of 2025, trade and service activities in Yen Bai province experienced vibrant growth, with tourism drawing a large number of visitors who contributed significantly to local consumption.

Consumers shopping at Winmart Supermarket in Yen Bai.

The total retail sales of goods and service revenue in the province reached VND 8,450.4 billion, marking a 21.32% increase compared to the same period last year. This strong start has significantly contributed to the province's economic growth and progress towards fulfilling its 2025 development targets.

Local production and business establishments maintained stable operations, with a diverse and abundant supply of goods in the market. Retail sales of goods accounted for approximately 80.41% of the total figure, increasing by 16.9% year-on-year; accommodation, food, and travel services represented 10.9%, with a notable 54.27% rise; while other services accounted for 8.69%, up by 32.12% compared to the same period last year.In particular, revenue from service activities in Q1 2025 was estimated at VND 733.8 billion, up 32.12%, while revenue from accommodation, food, and travel services was estimated at VND 921.8 billion, up 54.27% over the same period.

Meanwhile, wholesale turnover in Yen Bai during the first three months was estimated at VND 6,109.4 billion, a 17.41% increase compared to last year. The Consumer Price Index (CPI) in the province rose by 3.2% year-on-year and by 2.28% compared to the previous quarter.

These positive outcomes stem from the effective implementation of market stabilization programs at all levels, along with initiatives to connect local distributors with suppliers across different regions to ensure supply-demand balance and maintain market stability.

Additionally, the province has continued to create favorable conditions and proactively address production and business challenges for enterprises. This has supported trade, tourism, and service development while enhancing investment attraction in these sectors.

Thanh Chi

Other news

Yen Bai: Over 1,800 Kilometers of Cement Concrete Roads Built, Surpassing Targets

Leaders of Yen Bai Province and Yen Binh District take part in concretizing rural roads in My Gia Commune, Yen Binh District.

As part of the implementation of the Rural Transport Development Scheme in Yen Bai Province for the 2021–2025 period, various levels of government, departments, and localities have actively coordinated efforts and integrated multiple funding sources to invest in the development of the rural transport system.

Nearly 40% of Ethnic Minority Students in Yen Bai Benefit from Boarding and Semi-Boarding Education Policies

Students of the Yên Bình District Ethnic Boarding Secondary School perform a cultural art program rich in the Tay ethnic group's cultural identity.

In recent years, Yen Bai Province has prioritized the development of education and training in ethnic minority and mountainous areas with the aim of raising intellectual standards, nurturing talent, promoting socio-economic development, and reducing poverty. As of now, nearly 40% of ethnic minority students across the province are benefiting from educational support policies through boarding and semi-boarding schools.

Mu Cang Chai Strives for 58% Workforce Trained by 2025

Women in Mu Cang Chai district have more opportunities and jobs thanks to vocational training in sewing.

By 2025, the mountainous district of Mu Cang Chai (MCC) aims to increase the percentage of its workforce with vocational training to 58%, focusing particularly on agriculture and tourism services.

Tran Yen Disburses Nearly VND 70 Billion for National Target Programs

Militia members of Cuong Thinh Commune, Tran Yen District participate in a rural road lighting project.

As part of the implementation of the 2021–2025 National Target Programs (NTPs), Tran Yen District has disbursed over VND 70 billion as of the end of March 2025. Of this amount, nearly VND 56 billion came from the central government budget, while more than VND 13.5 billion was sourced from the local budget.

News