Changes in economic structure in Mu Cang Chai

Economy

Changes in economic structure in Mu Cang Chai

Sunday, October 23, 2022

YBO - During 2020 - 2022, Mu Cang Chai has raised 3.169 trillion VND for investment in socio-economic development. The district has boosted tourism development, considering it a key task that makes important contributions to the restructuring of the local economy.

Tourists experience all-terrain vehicle ride in Mu Cang Chai

In order to create momentum for economic restructuring, Mu Cang Chai district has focused on mobilising, integrating and effectively using investment resources for socio-economic infrastructure development, with priority given to the development of transport infrastructure, especially regional and inter-regional connectivity, urban and new rural infrastructure, and health care and education.

Chairman of the district People’s Committee Le Trong Khang said the locality has popularised images of its people, potential and advantages in combination with attracting investment to tourism.

Moreover, cultural and tourism activities have created a unique highlight. Various events, products and services have become attractive brands for domestic and foreign tourists such as tourism in the watering season in combination with the Paragliding Festival "Flying in the watering season", the festival of discovering national special site Mu Cang Chai terraced fields and tours of culture and magnificent natural landscapes.

Up to now, the whole district is home to five guest houses and homestay facilities, 75 restaurants and eateries in service of 3,000 guests each day. The number of visitors to the district has increased sharply over years, averaging 100,000 per year.

In industrial production, the district has strengthened industrial promotion activities and encouraged the development of handicrafts, production and processing of agro-forestry, food, brocade weaving and mechanical processing.

In addition, it launched an agriculture restructuring project in the direction of improving added value and sustainable development in combination with new rural development, gradually shifting from small-scale animal husbandry to concentrated, semi-industrial, commodity-oriented one.

So far, the district has had two products that have been granted with trademark registration certificates, namely Mu Cang Chai hawthorn berry and Mu Cang Chai black bone chicken, one product awarded with a certificate of geographical indication registration - Mu Cang Chai honey, seven One Commune, One Product products at the provincial level, and five value chains associated with product consumption. The production value of agro-forestry and fisheries in 2021 reached 547.5 billion VND, up 149.3% from 2015.

Its economic sector witnessed a clear shift in the direction of forming a connectivity chain, improving values in combination with ensuring environment and sustainable development. Economic restructuring in the right direction has helped Mu Cang Chai gradually narrow gap with other districts, improved people's lives with per capita income of 26.4 million VND each year in 2021, marking a 1.98-fold increase from 2015. It has laid a foundation to build Mu Cang Chai into a tourist district and a special, safe and friendly destination by 2025.

Ha Hung

Other news

Yen Bai Accelerates the Development and Application of Biotechnology in Environmental Protection

Development and Application of Biotechnology, Production of High-Value Biotechnology Products in Agriculture.

With the aim of advancing the development and application of biotechnology in environmental protection linked to sustainable development in the province, the People's Committee of Yen Bai has issued a plan for implementing the project on the development of biotechnology industries in environmental protection until 2030.

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

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

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 Businesses Accelerate Toward Year-End Targets

Leaders of the Department of Industry and Trade inspected the production activities of enterprises in the Southern Industrial Park.

The economy of Yen Bai Province has demonstrated remarkable growth in the early months of 2025, with Gross Regional Domestic Product (GRDP) increasing by 9.58%. Notably, the industrial sector experienced a growth rate of 13%. As 2025 is deemed the year of “acceleration and completion,” the province is determined to comprehensively achieve the goals and tasks set for the year as well as those of the 19th Provincial Party Congress Resolution.

Industrial Production Value of Yên Bái Reaches 100.89% of Double-Digit Growth Scenario Target 10,5%

Bamboo processing at Yen Thanh joint Stock Company.

In the first quarter of 2025, industrial production in Yên Bái continued to maintain a steady growth pace.

Economy