Packaging production at Red Stone Mineral Joint Stock Company in Southern Industrial Park

Yen Bai province has made great efforts to promote administrative reform and enhance provincial competitiveness to build a transparent, open business environment to maximize the benefits for people, organizations and businesses on production, business and investment activities in industrial zones of the province.

According to the Management Board of Industrial Zones of Yen Bai province, in 2020, the province issued investment policy decisions and investment registration certificates for 10 projects with a total investment capital of over 1,445 billion VND, the registered land area of over 36 hectares, bringing the total number of projects in industrial zones of the province to 62 investment projects, including 57 DDI projects and 5 FDI ​​projects with total investment capital of 11,828 billion VND, total registered area of ​​345 hectares.

By the end of 2020, the total industrial production value of enterprises in industrial zones reached 3,295.6 billion VND, up 3.38% over the same period in 2019; total export value reached 36,703,628 USD, up 2.8% over the same period in 2019.

In order to improve the operational efficiency of industrial zones, the Provincial People's Committee has made a plan to develop industrial zones to integrate into the master plan of Yen Bai province for the period 2021 - 2030, with a vision to 2050.

The province also issued preferential policies to support businesses; maximum support in attracting investors to seek business opportunities to invest in infrastructure of industrial parks; attach importance to building new industrial parks, closely following Noi Bai - Lao Cai expressway such as Y Can - Minh Tien Industrial Park, Tran Yen district; Tan Hop Industrial Park, Van Yen district; strengthen industry linkages in the development of industrial zones; form industry-linked industrial parks in order to increase competitive advantages and improve operational efficiency; gradually form supporting industries, contributing to the economic restructuring of the province.

The province also strives to promote administrative reform and enhancement of provincial competitiveness to build a transparent, open business environment, to maximize the convenience of people, organizations and businesses. In addition, the province focuses on attracting investors in the fields of infrastructure of industrial parks; strategic investors, with experience, with economic potential and high added value, with little impact on the ecological environment; restrict projects with small scale, causing environmental pollution; regularly supervise the project implementation process as well as the production and business processes of enterprises, promptly detect mistakes, difficulties, problems to take measures to handle and support, create confidence and satisfaction for investors and businesses when investing in the province's industrial parks and create a positive dissipating effect in calling for new investors.