Yen Bai aims to become attractive destination for investors
- Wednesday, May 24, 2023
YBO - A mountainous locality with many difficulties, Yen Bai has defined investment attraction as a key solution to boost the local socio-economic development.
Yen Bai aims to lure 60-80 investment projects each year.
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.
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).
Tran Yen district has recorded highest forest coverage percentage in Yen Bai, at over 70%, thanks to the locality’s efforts in increasing the forest area and quality and enhancing the forestry value chain, thus turning forestry into its spearhead economic sector.
The implementation of the OCOP (One Commune-One Product) movement has motivated the growth of cooperatives in Yen Bai. The integration of OCOP support into cooperative development has helped form cooperatives suitable to the reality of particular localities.