Prospects from large projects

Over the past period, Van Yen district has implemented many specific and practical preferential policies in economic restructuring and transportation infrastructure development, leading to high economic growth rates for many consecutive years, and achieving many positive results in attracting investment into industrial parks and clusters.

To date, key industrial parks and clusters in the district are showing considerable appeal. The Bac Van Yen Industrial Cluster covers an area of 55 hectares, with an occupancy rate currently at 88.2%, comprising 6 businesses leasing land, including 4 projects operating stably and 2 large-scale biomass energy projects under development.

Meanwhile, the Dong An Industrial Cluster, covering over 34 hectares, has attracted two large projects despite the lack of investment in technical infrastructure: the Plant Processing, Packaging and Fertilizer Production Plant Project of BMC Yen Bai Joint Stock Company with an investment of 230 billion VND, and the Graphite Ore Processing Plant Project of Yen Bai Mineral Joint Stock Company VPG, bringing the occupancy rate to an estimated 48.37%.

New industrial clusters such as the Yen Hop Industrial Cluster, phase 1 with an area of 12 hectares, is currently in the land clearance and infrastructure investment preparation phase with capital exceeding 50 billion VND from the budget, attracting a cinnamon processing project by Son Ha Spice Company Limited, and the district is focusing on resolving obstacles for this project. The An Thinh Industrial Cluster, with an area of 30 hectares, also recorded significant progress when the Kien Phat - Dang Phong joint venture received approval for infrastructure investment with a total capital of 350 billion VND.

Recently, the investment project to build a high-quality livestock farm by T&T Green Agriculture Co., Ltd. received approval for a total investment of 16 billion VND. This is a positive sign, continuing the successes in attracting large projects.

Previously, the EREX Sakura Yen Bai Biomass Fuel Plant Project and the Yen Bai 1 Biomass Power Plant Project of EREX Yen Bai Biomass Power Company Limited (part of the Erex Group, Japan) in the Bac Van Yen Industrial Cluster, with a total investment of 118 million USD, were actively implemented on an area of 15.37 hectares. This project received special attention from the government in land clearance and procedural completion.

To attract investors, Van Yen has mobilized all resources to invest comprehensively, focusing on completing the connecting transportation infrastructure and internal technical infrastructure of industrial parks and clusters. Specifically, the road connecting the Bac Van Yen Industrial Cluster with Provincial Road 163 is under construction, and 29.5 billion VND of budget capital has been invested in building the road to the Dong An Industrial Cluster. The district has also coordinated well with the construction units of key provincial transportation projects passing through the area, such as: the route connecting Nghia Lo with the Noi Bai - Lao Cai Expressway, the Khanh Hoa - Van Yen inter-regional infrastructure project, the railway overpass in An Binh commune, the Dong An - Gia Hoi road, and the road connecting Provincial Road 163 with the Noi Bai - Lao Cai Expressway...

Mr. Luu Trung Kien, Vice Chairman of the People's Committee of Van Yen district, shared: "The locality has requested the province to consider and balance resources to clear the remaining area of over 23 hectares and invest in technical infrastructure for the Dong An Industrial Cluster, while continuing to call for and attract investment in infrastructure into industrial clusters, resolving difficulties and supporting businesses."

Van Yen will continue to promote investment attraction, mobilize resources to build socio-economic infrastructure; remove difficulties for investors, implement synchronized policies to support businesses; and at the same time, commit to creating favorable conditions and encouraging businesses, especially large corporations, to invest in agricultural and rural development with a transparent mechanism.

Quang Thieu

Source: https://baoyenbai.com.vn/12/351789/Trien-vong-tu-nhung-du-an-lon.aspx