The project is expected to high-value contributions to industrial production and export turnover while accelerating the economic transformation of Trấn Yên District and Yên Bái Province.
The Central Retail in Việt Nam on Saturday officially commenced construction of the GO! Yên Bái project, located in Yên Ninh Ward, Yên Bái City, Yên Bái Province.
The Chairman of the People''s Committee of Yên Bái province, Trần Huy Tuấn on Wednesday presented the Chairman of Erex Group, Honna Hitoshi, with the approved investment policy for a biomass power plant project, during a ceremony held in Tokyo, Japan.
Invested by Japanese renewable energy firm Erex Co and the Ha Noi-based Sakura Green Energy JSC, the 3ha-factory has a designed annual capacity of 150,000 tonnes of wood pellets and 305,000 tonnes of wood chip products a year.
Yen Bai aims to develop organic-certified supply chains of cinnamon in the province to keep up with the global demand for sustainable cinnamon products.
The People''s Committee of the northern province of Yen Bai handed over the decision approving the investment to nine investors with a total capital of more than VND1.475 trillion (US$64 million) at a meeting of businesses and investors on Sunday.
Yen Bai is home to more than 2,140 enterprises, creating 38,000 local jobs. Last year, the firms contributed VND1.17 trillion ($50.3 million) to the local budget, accounting for 54 per cent of the province’s revenue.
Steel maker Hoa Sen Group on Friday inaugurated a plant that can produce 60,000 tonnes of steel construction pipes annually in the northern province of Yen Bai.
South Korea’s Solkiss Company will invest in a solar power project on Thac Ba Lake in Yen Binh District, northern Yen Bai Province, a local official said.
Authorities in the northern mountainous province of Yen Bai will enhance
measures to improve the local investment climate, aiming to facilitate
the operation of enterprises – especially foreign-invested ones.