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Yên Bái asked to improve investment environment

Update: February, 05/2018 - 09:00
Prime Minister Nguyễn Xuân Phúc speaks at a working session with provincial leaders on February 3. — VNA/VNS Photo Thống Nhất

YÊN BÁI — The northern mountainous province of Yên Bái should continue improving its investment environment and promoting the potential of the Mù Cang Chải terraced fields globally, striving to surpass its set targets.

The requests were made by Prime Minister Nguyễn Xuân Phúc at a working session with provincial leaders on February 3, before he left for Laos for the 40th meeting of the Việt Nam-Laos Inter-governmental Committee.
He lauded Yên Bái’s efforts to overcome difficulties to achieve noted results in all sectors.

However, the growth had 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 Yên Bái 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 stabilise their lives and production.

In 2017, Yên Bái’s gross regional domestic product (GRDP) grew by 6.22 per cent and its per capita income stood at VNĐ29.5 million (nearly US$1,300).

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, Yên Bái attracted 79 projects worth over VNĐ28.5 trillion ($1.25 billion), from major groups and enterprises including Vingroup, Tôn Hoa Sen and Edge Glass.

The province now houses 426 projects valued at more than VNĐ70 trillion ($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 VNĐ100 billion ($4.4 million).

The same day, Phúc attended the ground-breaking ceremony of a subsidiary of Edge Glass JSC of the Republic of Korea (RoK) in Bảo Hưng Commune, Trấn Yên 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 Việt Nam and the RoK.

On this occasion, the PM visited and presented Tết (Lunar New Year) gifts to a Heroic Vietnamese Mother and a war veteran in Yên Thịnh Ward. — VNS

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