SOLKISS Company (Korea) took the actual survey for investment preparation and implementation of solar power project in Thac Ba Lake.

Determining the improvement of the investment environment, enhancing the competitiveness is one of the key tasks of the province, in the past years, Yen Bai has made great efforts in creating a transparent, friendly and open environment in business investment for businesses, help businesses peace of mind with business production.

The province has set up the PCI Steering Committee, built the Action program on "Improving the Investment Environment and Improving the Competitiveness of Yen Bai Province in 2015-2020" and established three working groups, including Group of  attracting investment by Chairman of the provincial People's Committee to advise and support studying investment opportunities, guide the investment procedures in the province; Group to remove difficulties and encourage the development of enterprises by the Vice Chairman of the People's Committee in charge to catch up and solve difficulties for enterprises; Group of propaganda, timely informing administrative reform, improve the business investment environment of the province aiming to raise the awareness of officials and the people in improving the investment environment and enhancing the competitiveness of the province; Promulgating the action plan and program for implementation of the Government's Resolution No.19-2016/NQ-CP on major tasks and solutions to improve the business environment and enhance the national competitiveness for two years 2016 - 2017, orientation to 2020 and Resolution No.35/NQ-CP on business support and development by 2020.

The province has reviewed, supplemented and amended mechanisms and policies for economic development, supported the development of enterprises in the direction of both encouraging investment attraction and encouraging enterprises to expand their scale and improve their capacity of management power, increase product quality, expand the market, create conditions for investors to approach and apply investment preferential policies, especially on land, tax and land clearance. Monthly, the provincial People's Committee organizes regular meetings with enterprises to receive opinions, handle and remove difficulties and problems for enterprises and investors. Especially, the province also concentrates on resources to step by step complete the infrastructure system, create favorable conditions for enterprises in production and trade of goods.

With the concrete action programs, the determination of both the government system and the consensus of the business community, in 2016, the investment promotion got many outstanding achievements; the number of investors coming to Yen Bai rose;

Some of the big investors have come to invest in Yen Bai such as: Hoa Sen Corporation, MCC Investment and Trading JSC, Vietnam Gas Technology Joint Stock Company, contribiting to create new changes in cooperation and investment attraction for the province.

In 2016, Yen Bai issued new investment decisions for 38 projects with a total registered capital of nearly 13,182 billion VND, up 26.6% in number of projects compared to 2015; including: 18 projects in the field of industrial production; 8 investment projects in agriculture, forestry and fishery; 12 investment projects in the field of trade, services and other economies.

Curently, there are 388 projects in Yen Bai province with the registered capital of  52,195.9 billion VND and  201.9 million USD approved by Provincial People's Committees and Management Boards of the Parks. Of which 308 investment projects are in industrial production; 38 investment projects are in agriculture, forestry and fishery; 42 investment projects are in the field of trade, services and other economies. The number of completed projects is 174, accounting for 44.8% of the total investment projects; The number of projects under construction is 214, accounting for 55.2% of the total investment projects.

The projects that have been completed and put into operation have brought into full play the efficiency in business, bringing about socio-economic efficiency for the province and practical benefits for investors, contributing significantly to promote the ship in the economic structure, raise production value, solve jobs for local laborers.