Yen Bai aims to draw investors

Wednesday, Dec 23, 2015 08:06

Workers assemble machines to produce tea at the India-owned Phu Yen Joint Stock Company in Yen Bai Province's Dam Hong Industrial Park. — VNA/VNS Photo Hong Ky

YEN BAI (Biz Hub) — The northern mountainous province of Yen Bai was willing to facilitate investors with top priority given to providing adequate electricity and water in addition to banking, telecommunications and information technology services.

Chairwoman of the provincial People's Committee Pham Thi Thanh Tra delivered this message during an investment promotion conference in Ha Noi on Monday.

Yen Bai planned to open more vocational training centres as a move to improve the quantity and quality of the workforce, she said, adding that the province also offered incentives in terms of land, workforce training and trade promotion.

In his speech at the forum, chairman of the Viet Nam Chamber of Commerce and Industry Vu Tien Loc spoke highly on the province's untapped potential, including those to develop hi-tech, mining, trade and service industries.

Deputy Minister of Industry and Trade Tran Quoc Khanh said foreign investors were mostly concerned about land and environment information as well as the realisation of commitments by the State and local authorities. Thus, if Yen Bai could better meet these demands, the province would then have advantages in attracting foreign investment.

At the conference, the provincial People's Committee licensed Japan-invested Nippon Zoki Viet Nam to develop a 30-ha rabbit farming and processing project, capitalised at US$78.6 million, in Thuong Bang La Commune, Van Chan District.

The province is now home to 21 foreign-invested projects, with a combined investment capital of more than $311 million. Most of these projects are involved in mineral resources mining and processing, and agro-forestry-fishery. — VNS

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