Yen Bai works to remove difficulties in establishment of new businesses

Economy

Yen Bai works to remove difficulties in establishment of new businesses

Sunday, July 25, 2021

YBO - Yen Bai authorities issued new registration licences for 147 businesses in the first six months while 24 enterprises were dissolved and 260 others stopped operations. Currently, there are 2,537 enterprises operating in the province.

Representatives of businesses in and outside the province visit a booth introducing products of the Vietnam aniseed and cinnamon cooperative.

To complete the goal in the number of newly established firms this year, the provincial Department of Planning and Investment has seriously implemented administrative reforms as well as regulations on the issuance and adjustment of business registration licences.

A a result, 100 percent of business registration licences were issued on and ahead of schedule, with online registration encouraged amid the COVID-19 pandemic.

In Yen Binh district, which is striving to have 40 new enterprises in 2021, the People's Committee have promulgated many documents and policies for the development of businesses, while the dissemination of related polices and laws has received significant attention from local authorities.

The district is also actively completing production premises, investing in infrastructure, and creating an open legal corridor for production, business, trade and services in communes and townships to attract investors.

In 2020, 37 new businesses, 19 cooperatives, and 12 cooperative groups were set up, surpassing the planned figures and pushing the total number of enterprises and cooperatives to 370. Local authorities also supported six investors in implementing their projects and three others in planning their projects. Currently, the district houses 80 projects in different sectors.

To fulfill its target in the number of newly established firms this year, Yen Binh is drastically implementing tasks assigned by the Government, Prime Minister, and Yen Bai People’s Committee. Simplifying administrative procedures and clearing hurdles facing businesses in accessing land and financial resources as well as expanding production are also important.

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