Yen Bai asked to tap potentials to escape poverty

Yen Bai province should tap its rich mineral potentials to develop certain industries such as mining, hydropower and construction materials to lift itself out of poverty, said Prime Minister Nguyen Tan Dung.
Yen Bai province should tap its richmineral potentials to develop certain industries such as mining,hydropower and construction materials to lift itself out of poverty,said Prime Minister Nguyen Tan Dung.

At a working session with local leaders on August 13, the Governmentleader also suggested that the province made use of its location in theKunming-Hanoi economic corridor to boost tourism, services andtransport.

He praised efforts made by the Yen Bai authorities and people inboosting socio-economic development, building the political system andimproving the people’s living standards with an annual GDP growthreaching 11.8 percent.

He noted that with 650 billion VND (36 million USD) in investment ininfrastructure and irrigation systems in remote areas, ethnic minoritypeople’s living standards have been improved and the poverty rate hasremarkably decreased.

The province has annually provided jobs for 17,000 labourers and allcommunes and towns have achieved primary education universalisation.

He, however, noted that Yen Bai remains a poor province due tounsustainable development and weak competitiveness, with per-capitaincome ranking 60 th among 63 provinces and cities nationwide.

The PM instructed relevant ministries to assist the province ininfrastructure improvement and agricultural and industrial development.

Earlier, the PM met with the Steering Committee for Tay Bac(Northwestern Region) development, where he reiterated the region’sstrategic importance in terms of national socio-economic development,defence and security.

Dung said the committee has played an active role in helping the regionachieve an average annual GDP growth rate of 11.7 percent andper-capital income of 8 million VND in 2008, tripling the 2000 figure.

In the next 2-3 years, the committee should focus on developingeconomic infrastructure, especially rural traffic, ensuring socialsecurity with special assistance given to 43 poor districts andimproving the quality of human resources, he stressed.

During his two-day visit to northwestern provinces, on August 12, PMDung visited the Military Zone 2 High Command, where he asked the zoneto join the Party Committees of nine provinces in the region to build afirm defensive area with sustainable economic development./.

See more

Vietnamese Ambassador to the UK Do Minh Hung (L) address the roundtable discussion. (Photo: VNA)

Vietnam, UK boost agricultural trade ties

The UK, with an annual agri-food import value of 67 billion USD, is seen as a high-potential market. In 2024, Vietnam’s agri-export turnover to the UK reached nearly 883 million USD, a 15.4% year-on-year increase.

Illustrative photo (Photo: VNA)

Ministries, agencies asked to take measures to effectively manage gold market

However, along with pending internal shortcomings, the unusual and unprecedented developments in the world geopolitical situation since the beginning of 2025 have pushed international gold prices to continuously increase, resulting in strong fluctuations in domestic gold prices, and the growing gap between domestic and world gold prices.

The opening of the Ho Chi Minh City Pavilion at the 2025 Saudi Food Show being held from May 12 to 14 at the Riyadh Front Exhibition and Conference Centre. (Photo: courtesy of ITPC)

HCM City businesses attend Saudi Food Show in Riyadh

The HCM City pavilion is a joint exhibition space comprising three adjacent sections with a total area of 300 square metres organised by the Investment and Trade Promotion Centre of HCM City and the Vietnam Trade Office in Saudi Arabia.

Prime Minister Pham Minh Chinh speaks at the dialogue with the US business community in Hanoi on May 13. (Photo: VNA)

US businesses affirm long-term commitment to Vietnam

During the meeting, US delegates expressed appreciation for the Vietnamese Government’s goodwill and for its efforts to maintain a favourable investment climate. They proposed Vietnam continue enhancing its business environment by addressing bottlenecks in administrative procedures, non-tariff barriers, taxation, and fees, while ensuring infrastructure conditions, transparency, and rules of origin

Consumers at a supermarket in HCM City (Photo: baodautu.vn)

Vietnam, US push for balanced trade

Imports from the US are predicted to rise sharply in the coming months as large Vietnamese enterprises are accelerating purchases from the North American market in efforts to balance bilateral trade.