Yen Bai enjoys rise in FDI inflows
- Monday, July 17, 2023
YBO - Yen Bai is hosting 52 foreign-invested businesses from 10 countries and territories, including 30 firms having 100% capital being FDI. The firms make up 1.7% in the total number of businesses in the province, with a combined capital of about 4.4 trillion VND (186.08 million USD).
Luc Yen gemstone mineral resources have received great attention from foreign investors who are seeking investment opportunities.
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Since 2021, Yen Bai Province has allocated over 600 billion VND from its budget and socialized resources to implement digital transformation initiatives, focusing on information technology infrastructure and related projects.
As a mountainous province located deep inland, Yen Bai boasts significant potential for development. The province is rich in mineral resources with hundreds of mining sites, complemented by breathtaking natural landscapes. Additionally, Yen Bai has planned several concentrated commodity production zones.
According to the self-assessment results for the 2024 Digital Transformation Index, Yen Bai City achieved a total score of 909.5 out of 1,000 points based on the Digital Transformation Evaluation Index for provincial departments, agencies, districts, towns, and cities in Yen Bai Province.
In 2024, despite facing numerous challenges due to rising input material costs, Hoang Lien Son Technical Porcelain joint Stock Company successfully produced and distributed over 3,400 tons of insulating porcelain products of various types, achieving 112% of its annual plan.