Focusing on Industrial and Energy Infrastructure Development - Creating Momentum for Investment Attraction

Economy

Focusing on Industrial and Energy Infrastructure Development - Creating Momentum for Investment Attraction

Friday, April 11, 2025

YBO - In order to create a favorable environment for the sustainable development of the industrial sector, Yen Bai province is placing particular emphasis on investing in and developing industrial and energy infrastructure. The practical results show that many key projects have been implemented or are accelerating their progress.

The focus on developing industrial and energy infrastructure is expected to create breakthroughs in attracting investment to Yen Bai.

In the energy sector, the second phase of the rural electrification project from the national grid (2014-2025) continues to be carried out, focusing on providing electricity to communes under the National Target Program for New Rural Development by 2025. At the same time, the province is strengthening coordination and support to accelerate the implementation of 110kV and 220kV power grid projects, aiming to soon bring them into operation to meet the growing electricity demand of industrial zones and residential areas.

Regarding industrial infrastructure, the province is focusing on assisting investors to speed up the implementation of projects in the Tran Yen industrial park and the Phu Thinh 1, Phu Thinh 2, and Yen Hop industrial clusters.

Notably, the province is also in the process of establishing new industrial clusters in An Thinh and Bao Hung 2 in Tran Yen district, aiming to expand industrial development space and attract more potential investors.

To achieve these goals, Yen Bai province has made specific recommendations to the Ministry of Industry and Trade and the Vietnam Electricity Group, proposing support for the investment in power transmission lines, substations, and funding for the improvement and upgrading of electrical infrastructure.

The province also proposes to include solar power, wind power, and biomass power projects in the national power development plan, aiming to fully exploit the local potential for renewable energy.

The focus on developing industrial and energy infrastructure is expected to create breakthroughs in attracting investment to Yen Bai, contributing to the socio-economic development of the province in the upcoming period.

Thanh Truc

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Accelerating Key Infrastructure to Drive Industry and Trade Growth

The province is implementing a plan to provide electricity to highland villages that remain off-grid in the districts of Tram Tau, Mu Cang Chai, Van Chan, and Van Yen, in line with its 2025 target.

Recognizing infrastructure as a crucial factor in attracting investment and boosting production, Yen Bai Province is taking bold action to remove bottlenecks and expedite the construction of key energy and industrial projects-paving the way for a major breakthrough in its industry and trade sectors.

Economy