YBP - The industrial production of Yen Bai province has grown steadily and become a key economic sector, contributing significantly to the socio-economic development of the province. In the context of the 4th Industrial Revolution, the province determines the key task of restructuring the industry from 2016 to 2020, with a vision towards 2025.
Mr. Ta Van Long - Vice Chairman of the provincial People's Committee and Korean investors visit Au Lau Industrial Park.
According to the structure plan, by 2020, the industrial production value of the province will be over 13,000 billion VND, the average growth rate in 2016 - 2020 will be 11.6% and more with structure: 9% mining, 72% manufacturing, 17% electricity and water manufacturing, distribution…
By 2025, the value of industrial production will reach VND 25,000 billion; The internal structure continues to shift towards reducing the proportion of the mining industry, increasing the proportion of the manufacturing and processing industries, producing and distributing electricity and water and treating waste water and rubbish. The general objective of industrial restructuring is to develop the processing, manufacturing industry, deep processing and processing of products; To raise the proportion of deep-processing and high-quality products from the current 20% to 30% by 2020 and 45% by 2025.
The industrial restructuring project in Yen Bai province identifies the industry as a breakthrough, restructuring some industries to ensure the processing capacity in line with the ability to supply raw materials and attract new investment projects with advanced technology, machinery and equipment; To attach importance to the development of new products and develop supporting industries.
Mr. Truong Ngoc Bien - Director of the Department of Industry and Trade said: "In the immediate future, the province boosts the development of supporting industries, industry supporting High-tech agriculture in order to bring into full play the potentials of key commodities. For the agro-forestry product processing industry will restructure the industry of tea processing, wood processing, cassava starch production, cinnamon essential oil ... At the same time, renovate machinery technology, raise quantity, continue investing in some projects with advanced technology to improve product quality."
For mineral exploitation and processing, the province will reduce the proportion of the mining industry, increase the proportion of the processing industry, intensify investment in deep-processing some key products such as sawn stone, CaCO3 , iron ore, purified graphite, lead, zinc ...
For electricity production, maintaining the operation of the existing hydropower plants, to speed up the progress of projects already approved by the investment policy and the projects already agreed upon; Inviting and encouraging investment in renewable energy production projects such as: solar energy, biomass energy.
The province will continue to call for investment in the development of supporting industries, electronic components, textiles, footwear and chemicals.
Workers of Hoang Lien Son porcelain Joint Stock Company emulate to improve the quality of export products
In order to ensure the provincial-level industrialization promotion in 2018 and the following years, Mr. Truong Ngoc Bien emphasized: "The Trade and industry is well-targeted for industrial development in the industry development plan of Yen Bai province in the period from now to 2020 with a vision to 2030, to call for investment in industrial development, prioritizing projects with modern machinery and equipment, producing, deep processing products with high quality, large value added, resource saving, environmentally friendly".
Along with that, the province will improve the quality of appraisal and selection of projects for investment licensing; Only certify investment in qualified projects and at the same time select qualified investors; To intensify the mobilization, encourage and support the renovation and renewal of modern and advanced machinery and equipment lines, to renovate the processing technology; To create favorable conditions for attracting investment in infrastructure development and investment in industrial production projects into industrial parks and clusters.
The province draws on industrial promotion and trade promotion and allocates additional funding from the provincial budget to improve the efficiency and effectiveness of industrial promotion programs, trade promotion and energy saving to encourage businesses to invest in technology innovation, improve product quality, build brand, product promotion, market expansion, joint ventures in product production and consumption.
The sector shall continue to advise the province on the adjustment and promulgation of preferential mechanisms and policies to attract investment into the industrial sector; To provide adequate and timely information on the investment environment and policies ... along with accelerating the administrative reform, especially administrative procedures related to investment attraction and business environment.
Restructuring the industry in Yen Bai from 2016-2020 with appropriate roadmaps and steps will contribute to promoting industry faster, more sustainable and more efficient in association with environmental protection. This is the important premise for successful implementation of socio-economic development targets set by the Resolution of the XVIII Provincial Party Congress.
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