Yen Bai attracts 24 projects in industrial, trade, service sectors

  •  Tuesday, February 7, 2023

YBO - In 2022, Yen Bai province lured 24 investment projects in the fields of industry, trade and services with total capital of over 3.4 trillion VND (144.25 million USD).

Production of plywood at JUNMA Yen Bai joint Stock Company.
Production of plywood at JUNMA Yen Bai joint Stock Company.

Among the projects, 19 are invested in the industrial sector with total investment of over 3 trillion VND, five in the trade and service sectors with nearly 400 billion VND.

At the same time, the province also attracted a number of investors with high capacity investing in industrial park (IP) and industrial cluster (IC) infrastructure with a total area of 926 hectares, including Tran Yen IP and Phu Thinh IC in Yen Binh district, raising the average occupancy ratio of local IPs to over 95%.

All the investment projects in Yen Bai use high technologies and modern production lines, meeting the demand for intensive production and processing activities.

Hong Duyen

Other news
The completion of Son Luong - Sung Do - Nam Muoi inter-commune road makes it easier for people to trade goods and foster local socio-economic development.

Residents in Van Chan district donated land to build over 100km of roads in 2023, of which over 96 km were asphalted. To date, all inter-commune roads and over 84% of inter-village roads have been paved.

This year, Yen Bai province aims to have six additional communes recognised as new-style rural areas, nine advanced new-style rural communes and four model new-style rural areas. The locality is also striving to turn Yen Binh into a new-style rural district.

Experts examine and give advice on wood pellet production technology at the Yen Bai branch of the Netma JSC.

By applying technology, the branch of the Netma joint Stock Company in Vinh Kien commune of Yen Binh district, Yen Bai province, has completely mastered how to turn by-products generated during wood processing into bio pellets – a source of clean fuel for civil and industrial use as well as export.

Yen Bai aims to lure 60-80 investment projects each year.

A mountainous locality with many difficulties, Yen Bai has defined investment attraction as a key solution to boost the local socio-economic development.

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