- Green Growth
- Your Consultant
|PM approves adjustment of Yen Bai province’s development plan|
Accordingly, Yen Bai targets an annual average gross regional domestic product (GRDP) growth rate of 8% or above between 2021 and 2030, an average GRDP per capita of VND50 million (US$2,200) or above in 2020 and more than VND200 million (US$8,800) in 2030, and an export value of US$200 million or above in 2020 and US$700 million ten years later.
The northern mountainous province will also strive to achieve an urbanization rate of 25%, and 40% of its communes meeting new-style rural area criteria in 2020. The percentages are expected to increase by 35% and 70%, respectively, in 2030.
The plan aims to raise the local forest coverage to 63%, the rate of urban residents using safe water to 80% (100% using hygienic water), and rate of rural residents using hygienic water to 90% in 2020. The figures are expected to climb by 63%, 100%, and 98% by 2030.
Yen Bai targets an average annual increase of 5.2% in the production value of agro-forestry and fishery products during the period of 2016-2020, and 5.4% between 2021 and 2030.
In terms of industrial development, the province continues to see industrial development as a breakthrough sphere that facilitates the rapid and sustainable economic development, associated with shifting the labor structure and promoting economic growth. Yen Bai will also focus on finalizing the infrastructure of industrial zones and clusters, towards forming a chain of industrial zones and clusters with synchronous and modern infrastructure along the Con Minh-Lao Cai-Ha Noi-Hai Phongeconomic corridor route through the province.
Yen Bai will support the development of small enterprises and startup businesses, while encouraging the attraction and development of companies in the fields of the province’s strength. The plan targets 1,840 businesses across the province by 2020, with an average of 110 new firms being established annually.