Yen Bai posts export growth in first five months amid difficulties

Economy

Yen Bai posts export growth in first five months amid difficulties

Thursday, June 24, 2021

YBO - Export firms in Yen Bai have managed to maintain operations and devise plans to cope with the ravaging COVID-19 although the pandemic has dealt a blow to all socio-economic aspects and is predicted to persist until the end of Q2.

Limestone powder of Eco Green Plastic JSC is shipped abroad.

Some of them reported export revenue after bearing the brunt of the pandemic, including the Luc Yen branch of the Viet Duc Metallurgy and Mining, and the Thuan Duc Trade and Export-Import JSC.

Exports of minerals in the province were recently affected by pandemic-hit markets of India and China.

The garment-textile sector, on the contrary, maintained operation for taking actions in a timely manner. It raked in 24.9 million USD from exports in the first five months of the year, making up 30 percent of the province’s export value.

The sector’s major export markets in the period were the Republic of Korea, the US and Japan. Those markets are forecast to produce stable orders in the latter half of the year, therefore export revenues will see few fluctuations.

Plastic products, accounting for 25 percent of the provincial export values, also have stable export markets.

Some mining companies have seen orders come back again after a period of interruptions.

Thanks to efforts by local businesses, export turnover of the province hit 16.8 million USD in May alone, up 5.7 percent against the previous month and surging 76 percent year on year.

Quang Thieu

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