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]
Seven MOUs were signed by Yen Bai City and organisations and businesses including the Korea Chamber of Commerce & industry (KCCI), the Taipei Economic and Cultural Office, the Central Council for Vietnam's Business Associations, Vietnam National Textile and Garment Group (VINATEX), Hoa Sen Group, Ho Guom Garment Corporation, Cuong Thinh Thi Investment and Construction Joint Stock Group at the conference on investment promotion in Yen Bai City. Recently held in Hanoi by the Vietnam Chamber of Commerce and Industry (VCCI) and Yen Bai's People's Committee, the conference with the theme "Yen Bai - Investment Potential and Opportunities" drew the participation…... [read more]
Accelerating administrative reform, strengthening external activities and stepping up investment promotion, particularly mobilising all resources for upgrading and improving infrastructure, not only help Yen Bai province gain a high position in provincial competitiveness index (PCI) but also win confidence from investors. Yen Bai province granted investment licenses to 277 projects with a total registered capital of VND18,166 billion in 2006 - 2010, of which 109 projects have been in operation with a total capital investment of nearly VND2,836 billion and US$11.49 million. To date, many projects are operating effectively, including the VND1,160 billion Yen Binh cement plant with a yearly…... [read more]
According to the result released by VCCI-Vietnam Chamber of Commerce, Phu Yen Provincial Competitive Index PCI in 2011 was fairly good among the total 63 cities and cities, which requires the province to take synchronous and drastic solutions so as to improve investment and business environment, from which to enhance PCI. Foreign investors getting to know the situation in Phu Yen As reported by VCCI, Phu Yen PCI in 2011 was 55.15 points; ranked 50 out of 63 cities and provinces; compared with the previous year, the position was 19 level lower, still, in the fair group. Mr.…... [read more]
(CPV) - The Japan International Cooperation Agency (JICA) and the Vinh Phuc provincial People's Committee on October 17 kicks off the construction of a backbone road in Me Linh new urban township. The road marks the beginning of a comprehensive project to improve the investment environment in the province. The 15 kilometers long road is one of the 5 components within Vinh Phuc province's Investment Climate Improvement Project that will be completed in July 2014. Other components of the project include the expansion of running water supply system in Vinh Yen town; sewerage and wastewater treatment system in Vinh Yen…... [read more]
asks for stronger measures to improve investment environment (Illustrative image. Source: VNA) Prime Minister Nguyen Tan Dung has asked cabinet members to seek stronger measures to further improve business and investment environment, enhance productivity and speed up economic restructuring. He made the request when opening the regular Government meeting on September 29 in Hanoi to discuss socio-economic situation in the first nine months of 2014 and look for ways to promote growth for the rest of the year. Hastening the reform of institutions and administrative procedures as well speeding up restructuring of public investment, State-owned enterprises and commercial banks is…... [read more]
