Yen Bai has granted in-principle approval for 15 investment projects worth a total 3 trillion VND (nearly 130 million USD) (Photo: nhandan.com.vn)Yen Bai (VNA) - The northernmountainous province of Yen Bai granted in-principle approval for 15 investmentprojects worth a total 3 trillion VND (nearly 130 million USD) during a meetingwith investors on March 1.
Yen Bai is home to more than 2,140 enterprises, creating 38,000 local jobs.Last year, the firms contributed 1.17 trillion VND (50.3 million USD) to thelocal budget, accounting for 54 percent of the province’s revenue.
During the meeting, representatives from enterprises operating in the localityrequested local authorities to improve the province’s legal framework, reformadministrative procedure and draw up incentive policies for firms specialisingin agriculture while offering them support in personnel training and tradepromotion.
In recent years, Yen Bai has attracted investment and developed businesses byfocusing on improving the investment environment, seeking investors andimproving administrative procedures in investment, according to the provincialDepartment of Planning and Investment.
Last year, the province granted investment certificates to 55 projects, worthmore than 17.22 trillion VND. The latest addition brought the number oflicensed projects up to 466, valued at 88 trillion VND./.
VNA
