Yen Bai asked to improve investment environment hinh anh 1Prime Minister Nguyen Xuan Phuc speaks at the working session with Yen Bai leaders. (Source: VNA)

 Yen Bai (VNA) – 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.

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 29.5 million VND (1,298 USD).

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 28.5 trillion VND (1.25 billion USD), from major groups and enterprises like Vingroup, Ton Hoa Sen and Edge Glass.

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

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

The same day, PM Phuc attended the ground-breaking ceremony of a subsidiary of Edge Glass JSC of the Republic of Korea (RoK) in Bao Hung commune, Tran Yen district.

Speaking at the event, the leader asked the local authorities to create the best possible conditions for the investor to operate. He also urged the investor to turn the area into a modern industrial zone, benefiting both Vietnam and the RoK.

On this occasion, the PM visited and presented Tet gifts to a Heroic Vietnamese Mother and a war invalid in Yen Thinh ward.-VNA