Yen Bai asked to improve investment environment

The requests were made by Prime Minister Nguyen Xuan Phuc at a working session with the provincial leaders on February 3, before he left for Laos for the 40th meeting of the Vietnam-Laos Inter-governmental Committee.He lauded Yen Bai’s efforts to overcome difficulties to achieve noted results in all sectors.However, the growth has yet to match the province’s potential, he said, pointing out limitations remaining in the locality such as ethnic minorities and mountainous residents still facing difficulties, inadequate infrastructure and a small number of businesses. In the context that Yen Bai suffered severe impacts of natural disasters in 2017, the leader requested ministries and agencies to balance resources and roll out master plans to help locals stablise their life and production. In 2017, Yen Bai’s gross regional domestic product (GRDP) grew by 6.22 percent and its per capita income stood at VND29.5 million (US$1,298). Apart from agricultural restructuring in tandem with new-style rural area building, the province has focused on industrial restructuring, and trade and service development in parallel with environmental protection. Over the past two years, Yen Bai attracted 79 projects worth over VND28.5 trillion (US$1.25 billion), from major groups and enterprises like Vingroup, Ton Hoa Sen and Edge Glass.The province now houses 426 projects valued at more than VND70 trillion (US$3.08 billion). To deal with devastating consequences caused by natural disasters, the province has relocated more than 1,200 households, with a fund of nearly VND100 billion (US$4.4 million). The same day, PM Phuc attended the ground-breaking ceremony of a subsidiary of Edge Glass JSC… [Read full story]


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