Strong Investment Inflow into Yen Bai in the First Quarter of 2025

Economy

Strong Investment Inflow into Yen Bai in the First Quarter of 2025

Monday, April 14, 2025

YBO - Yen Bai has experienced a promising start to 2025 in the area of investment attraction. According to the latest data from the Provincial Statistics Office, the total investment capital into the province in the first quarter of 2025 is estimated to have reached VND 3,447.256 billion, marking a notable increase of 9.41% compared to the same period last year.

Yen Bai’s unwavering efforts to improve the investment environment and create favorable conditions for business development.

Remarkably, growth has been recorded across all three economic sectors-State, non-State, and foreign direct investment (FDI)-demonstrating the province's growing appeal as an investment destination.

A more detailed breakdown reveals that the State sector contributed over VND 1,016 billion, accounting for 29.47% of total investment, with a growth rate of 6.06%. State budget capital continues to play a dominant role, with VND 833.544 billion invested-up 9.95%-directed toward developing transportation infrastructure and industrial zones. Yen Bai is actively restructuring its public investment strategy, aiming to reduce reliance on State budget capital while increasing the mobilization of private and external funds for key projects.

However, the disbursement rate for State capital remains relatively modest at 9.79%, highlighting an area the province must address moving forward. The non-State sector remains the main driver of growth, contributing VND 2,305.663 billion-66.88% of the total-and increasing by 10.82%. Notably, capital from enterprises reached VND 921.215 billion, a rise of 10.92%, bolstered by large-scale projects such as Green Park Yen Bai, initiatives by Bao Lai Group, and growing interest from both domestic and foreign investors.

In addition, residential investment has also shown encouraging growth of 10.76%, amounting to VND 1,384.448 billion, reflecting increasing public confidence in the province's development potential. A bright spot in Yen Bai’s investment landscape during the first quarter of 2025 is the performance of the FDI sector. With an 11.66% growth rate, FDI inflows reached VND 125.575 billion, comprising 3.64% of total investment.

The province successfully attracted several notable FDI projects from investors in Thailand, Japan, and China, alongside the involvement of major corporations such as BIG C. This robust growth underscores Yen Bai’s persistent efforts to improve the investment climate and facilitate business operations.

Key investment projects are being implemented across various sectors, including timber processing, mineral exploitation, construction materials production, and hydropower, gradually yielding positive results. Notable examples include the An Viet Phat Northwest Wood Pellet Plant (VND 645 billion), Hoang Gia Yen Bai Wood Processing Plant (VND 175 billion), and major hydropower projects such as Tan Linh (VND 825 billion), Phong Du Thuong (VND 753 billion), and Che Tao (VND 1,159 billion). These are clear indicators of Yen Bai’s attractiveness to investors.

With the impressive results achieved in the first quarter of 2025, Yen Bai is demonstrating its vast potential in attracting investment, laying a solid foundation for sustainable economic growth in the years ahead.

Thanh Phuc

Other news

Yen Bai Welcomes Over 9 Million Tourists During the 2021–2025 Period

Yen Bai Leverages the Cultural Heritage of Ethnic Groups to Develop Tourism

Thanks to the development of distinctive and appealing tourism products in its key tourism regions, Yen Bai Province welcomed over 9 million tourist arrivals during the 2021–2025 period, including nearly 800,000 international visitors. Tourism revenue reached VND 7,189 billion, with an average annual growth rate of 32.7%.

Yen Bai Recruits and Trains 81,504 People in Vocational Education

Yen Bai Organizes Career Counseling – Enrollment – Employment Fair for Students at Educational Institutions across the Province.

Since 2021, Yen Bai Province has recruited and provided vocational training for 81,504 people. Of these: 6,359 people (7.8%) received college-level training, 12,710 people (15.6%) received intermediate-level training, and 62,435 people (76.6%) received elementary-level training or training under three months. Each year, the province has supported vocational training for 4,000 to 5,000 rural laborers.

Yen Bai Has 222 Crop Seed Trading Establishments

Trial of New, High-Quality Rice Varieties in the Upland District of Tram Tau During the 2025 Spring Crop

Since the beginning of the year, the management of crop seed, fertilizer, and pesticide trading activities in Yen Bai Province has been effectively implemented.

Yen Bai: Over 6,720 household businesses pay taxes via eTax mobile application

A tax officer in Yen Bai provides guidance to household businesses on using the eTax Mobile application.

To facilitate taxpayers in fulfilling their tax obligations promptly and in accordance with current tax regulations, while simultaneously strengthening tax administration and preventing revenue loss to the state budget, the tax sector of Yen Bai Province has actively guided household businesses to pay taxes through the eTax Mobile application.

Economy