Hanoi (VNA) – The northern mountainous province of Yen Bai stands ready to provide all possible support for businesses, including electricity, water, banking, telecommunications and information technology services.

Chairwoman of the provincial People’s Committee Pham Thi Thanh Tra was speaking at a conference in Hanoi on December 21 to promote investment in Yen Bai, which lies on the Kunming (China) – Lao Cai – Hanoi – Hai Phong key economic corridor.

Yen Bai is developing vocational training establishments to improve the quantity and quality of workforce, she said.

With favourable geographical and natural conditions, plentiful natural resources and modern socio-economic infrastructure, Yen Bai also offers incentives in terms of land, workforce training and trade promotion, according to the official.

Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc hailed Yen Bai as well-positioned to draw investment in industry, trade and services since it connects transportation among northern mountainous provinces.

In his viewpoint, there remain untapped potential in hi-tech and mining.

Deputy Minister of Industry and Trade Tran Quoc Khanh, for his part, said Yen Bai is one of the localities benefiting most from trade agreements, adding that foreign investors are mostly concerned about land and environment as well as the realisation of commitments by the State and local authorities.

The event was co-hosted by the Vietnam Chamber of Commerce and Industry (VCCI), the provincial People’s Committee and the Japan External Trade Organisation (JETRO).-VNA