Yen Bai asked to improve investment environment

Yen Bai asked to improve investment environment

The northern mountainous province of Yen Bai should continue improving its investment environment and promoting potential of Mu Cang Chai terraced fields globally, striving to surpass its set targets.
 Yen Bai asked to improve investment environment ảnh 1Prime Minister Nguyen Xuan Phuc speaks at the working session with Yen Bai leaders. (Source: VNA)

 YenBai (VNA) – The northern mountainous province of Yen Bai should continueimproving its investment environment and promoting potential of Mu Cang Chaiterraced fields globally, striving to surpass its set targets.

Therequests were made by Prime Minister Nguyen Xuan Phuc at a working session withthe provincial leaders on February 3, before he left for Laos for the 40th meeting of the Vietnam-Laos Inter-governmental Committee.

Helauded Yen Bai’s efforts to overcome difficulties to achieve noted results inall sectors.

However,the growth has yet to match the province’s potential, he said, pointing out limitationsremaining in the locality such as ethnic minorities and mountainous residentsstill facing difficulties, inadequate infrastructure and a small number ofbusinesses.

Inthe context that Yen Bai suffered severe impacts of natural disasters in 2017,the leader requested ministries and agencies to balance resources and roll outmaster plans to help locals stablise their life and production.

In2017, Yen Bai’s gross regional domestic product (GRDP) grew by 6.22 percent andits per capita income stood at 29.5 million VND (1,298 USD).

Apartfrom agricultural restructuring in tandem with new-style rural area building,the province has focused on industrial restructuring, and trade and servicedevelopment in parallel with environmental protection.

Overthe past two years, Yen Bai attracted 79 projects worth over 28.5 trillion VND(1.25 billion USD), from major groups and enterprises like Vingroup, Ton HoaSen and Edge Glass.

Theprovince now houses 426 projects valued at more than 70 trillion VND (3.08billion USD).

Todeal with devastating consequences caused by natural disasters, the provincehas relocated more than 1,200 households, with a fund of nearly 100 billion VND(4.4 million USD).

Thesame day, PM Phuc attended the ground-breaking ceremony of a subsidiary of EdgeGlass JSC of the Republic of Korea (RoK) in Bao Hung commune, Tran Yendistrict.

Speakingat the event, the leader asked the local authorities to create the bestpossible conditions for the investor to operate. He also urged the investor to turnthe area into a modern industrial zone, benefiting both Vietnam and the RoK.

Onthis occasion, the PM visited and presented Tet gifts to a Heroic VietnameseMother and a war invalid in Yen Thinh ward.-VNA
VNA

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