Minh Quan Yen Bai Industrial Park attracts investors

Minh Quan Industrial Park has many industrial land lots with areas of 1ha, 2ha, 3ha, 5ha, ... 10ha, 20ha flexible cutting and infrastructure rental, as well as low land use fees so that investors

Yen Bai is a mountainous province in Northern Vietnam About 155km to the North of Hanoi Capital (2 hours by car), 185km to the Vietnam-China International Border Gate, Lao Cai to the South, next to the country Highway 32C, 04km from Noi Bai - Lao Cai highway.

Currently, Yen Bai has 3 industrial parks (IZs) that have been approved by the Government to put into the development planning of national industrial parks, with a total planned land area of 632 ha, including the Southern Industrial Park and Minh Industrial Park. Quan and IZ Lau.

In 2019, the People's Committee of Yen Bai province decided to establish Minh Quan industrial cluster (75 ha) in Minh Quan and Bao Hung communes in Tran Yen district, Yen Bai province, in order to attract investment in industrial development for the province. , aiming to expand into Minh Quan industrial park (112ha) of the province's key industrial zone /.

Currently, Minh Quan Industrial Park has many industrial land lots with areas of 1ha, 2ha, 3ha, 5ha, ... 10ha, 20ha flexible cutting and infrastructure rental, as well as low land use fees so that investors can production deployment.

The fields of attracting investment in industrial zones include the strengths and traditions of Yen Bai province such as

• Producing construction materials: Producing plywood, high-class wood, high-quality construction materials, building stone ...

• Mineral processing: Processing flour CaCo3, Kaolin, Feldspar ...

• Processing of agricultural and forestry products: Processing animal feed, tea, paper, pulp ...

• Production of consumer goods: Thermoplastic paint, garment processing, shoes, electronic assembly, cars, motorcycles ...

• Chemical Industry (limited)

Assessing the current infrastructure of Minh Quan Industrial Park is still limited in comparison with new industrial zones, so only a small number of investors have registered. As of 2020, Minh Quan IZ has only 04 registered investment projects, total registered investment capital of 1,726 billion VND, the registered land use area of 27.7 ha, the occupancy rate of the IZ reaches about 43.3 %

Yen Bai is a province with a poor economy, poor urban infrastructure, mostly developed thanks to agriculture and forestry, to attract investment, the People's Committee of Yen Bai province has issued regulations to encourage investment. in high-tech applications, services, tourism, agriculture in Yen Bai province in the period of 2017-2020. Specifically:

 Fields of investment encouragement

- Investment projects in industry sector with total investment capital of VND 200 billion or more. Particularly, investment projects on processing agricultural and forestry products with a total investment capital of VND 60 billion or more.

- Investment projects in the service sector: Investment in construction of tourist areas; invest in building a general trade and service center in districts and towns (except Yen Bai city) with total investment capital of VND 200 billion or more.

- Investment projects on construction, infrastructure business in industrial parks and clusters.

- An investment project in hi-tech applied agriculture, an investment project in the field of new product production, clean energy and renewable energy in accordance with the approved planning, bringing economic efficiency high socio-economic and environmentally friendly.

* Form of support:

a. Support leveling

For investors implementing projects in industrial zones, they will be supported with 50% of the funding for leveling but not exceeding VND 3 billion / project.

b. Support in construction of infrastructure works

- For projects in industrial parks and industrial complexes: The province invests in construction of transport, electricity and water infrastructure works up to the project fence.

- For investors carrying out construction investment and infrastructure business in industrial parks and complexes: Supporting 50% of construction investment expenses but not exceeding VND 03 billion for investors with exploitation areas. from 30 ha to less than 50 ha and not exceeding VND 5 billion for investors with an exploitation area of 50 ha or more.

- For investors implementing investment projects in the field of hi-tech applications; investment projects in the field of new product production, clean energy and renewable energy in accordance with the approved planning, bringing high socio-economic efficiency, environmentally friendly, People's Committee The province shall base itself on the scale and nature of each specific project to submit it to the provincial People's Council for consideration and decision of the support level.

c. Other support

Free support for investors in advertising, introducing images, introducing products on the Website and other information channels of the provincial People's Committee; Department of Planning and investment; Yen Bai Center of Business Support, Consulting and Investment Promotion.

Supporting investors in investment and business procedures: Departments and committees of the province are responsible for providing free information on investment environment, industry planning, investment fields and other information. within the scope of their respective functions and tasks as prescribed.

Investors wishing to rent land, workshops, implement projects, apply for investment licenses, construction permits in Yen Bai Industrial Zones, please contact Kland for advice and support.