Yen Bai Fosters an Attractive Investment Environment in Industrial Zones

Economy

Yen Bai Fosters an Attractive Investment Environment in Industrial Zones

Monday, May 5, 2025

YBO - Determined to pursue industrial development in a modern and sustainable direction, Yen Bai is actively creating an increasingly attractive investment environment.

Production of artificial wood panels for export at Kim Gia Production and Trading joint Stock Company, Southern Industrial Zone, Yen Bai City.

Through a range of comprehensive measures, the province has strengthened its efforts to attract capital into industrial zones (IZs), yielding tangible results that affirm the region’s growing position while serving as a key driver of economic growth and improved living standards.

Alongside the ongoing synchronized upgrades to the provincial transportation network, Yen Bai is shaping an efficient logistics ecosystem, providing cost advantages for investors.

By the end of the first quarter of 2025, occupancy rates had reached 84.96% in Southern IZ Area A, 100% in Areas B+C, 91.16% in Minh Quan IZ, and 81.23% in Au Lau IZ. Within these zones, internal infrastructure is being rapidly completed: internal roads in Minh Quan are taking form, and the resettlement area and main road in Au Lau are ready to welcome residents and support production.

To attract investors more effectively, Yen Bai is cultivating a dynamic and business-friendly environment, streamlining administrative procedures, standardizing processes, and improving transparency and efficiency. Competitive investment incentives include tax breaks, land rent exemptions, land leveling support, and workforce training assistance.

Looking ahead, Yen Bai aims to increase the occupancy rate of existing industrial zones by an additional 5%. To achieve this, the province will focus on resolving bottlenecks affecting delayed projects and prioritizing the completion of essential infrastructure, such as wastewater treatment systems. Key projects like the Tran Yen Industrial Zone (Phase I), developed by Viglacera Corporation, will be accelerated.

With strategic planning, long-term vision, and high-level commitment, Yen Bai is overcoming outdated perceptions of mountainous localities-establishing itself not only as an investment destination but as a launchpad for sustainable industrialization dreams.

Van Thong

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Economy