YBP - Over the past time, Yen Bai province has promoted reform, simplified administrative procedures, synchronously implemented mechanisms and policies to mobilize maximum resources from non-state economic sectors; strengthened innovation in investment promotion, focusing on promoting the province's potential strengths, environment and investment business opportunities of Yen Bai. As a result, Yen Bai province has attracted many large investment projects in the area.
As of March 15, 2022, the province has 585 projects (35 FDI projects) with a total registered capital of over 86,900 billion VND and 465.7 million USD, including 48 investment projects in the fields of agriculture and forestry, fishery; 431 investment projects in the field of industry and construction; 106 investment projects in the fields of trade, tourism, services and other economic sectors.
Some projects with large investment capital such as: Ban Hoc eco-tourism resort project of Van Chan Investment and Trade Service Joint Stock Company with registered capital of 320 billion VND; Kien Phat paper factory project of Kien Phat Industrial Joint Stock Company and Dang Phong Paper Company Limited (China) with a total registered capital of 300 billion VND; Project of factory producing aluminum profiles and supporting industrial products of Vietnam Supporting Industry Development Co., Ltd with total capital of 230 billion VND...
Many projects completed and put into operation have promoted business efficiency, brought socio-economic efficiency to the province and practical benefits for investors, making an important contribution to promoting economic restructuring, increase production value, creating many jobs for local workers.
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