Creating new momentum in attracting investment in Yen Thanh

Van Truong DNUM_AIZADZCABJ 10:37

(Baonghean) - Yen Thanh district focuses all resources, creating an open environment to attract investment projects. During that process, the district has strengthened planning, site clearance, and construction of technical infrastructure for industrial clusters, which has been recognized by the business community.

Prospects from many projects
For a long time, Yen Thanh has been known for its strength in rice, which plays a key role in economic development. Identifying the key solution to increase the growth rate is to attract investment and transform the economic structure, the district has many investment attraction policies. Especially attracting investment in the fields of agriculture, industry, agricultural and food processing, garment, trade, services and tourism... In fact, some fields invested in the district have been effective.

Yen Thanh district leaders inspect TH Group's rice fields. Photo: Van Truong
Typically in the agricultural sector, Yen Thanh has called on TH Group to commit to investing 4,000 - 6,000 hectares of high-quality rice with a total amount of 3,000 billion VND. In 2018, TH Group invested and cooperated in pilot production of over 100 hectares of high-quality rice in two forms: cooperating with farmers and leasing land, using local workers, people are guaranteed an annual income after deducting costs. Specifically, the purebred rice variety QJ1, selected and created by the Institute of Organic Agriculture, is put into production. Rice of this rice variety is the raw material for processing TH-branded products such as: rice milk, confectionery and high-quality commercial rice for domestic use and export.

In 2019, TH Group will put into operation a large-scale rice processing factory line, Yen Thanh district will expand the area from 5,000 - 6,000 hectares in 12 communes. TH Group provides seeds and biological products for seed treatment and provides scientific and technical guidance. At the same time, it commits to purchasing all fresh rice in the field, ensuring post-harvest safety, creating a sustainable connection between the "4 houses" according to the local agricultural development strategy.

From there, Yen Thanh rice will be raised to a new level, specifically bringing higher economic value than the production of conventional rice varieties before. With this development momentum, Yen Thanh is striving to achieve the goal of developing rice in the direction of large-scale commodities, in which enterprises play a key role.

Civil carpentry production at Yen Thanh town industrial park. Photo: Van Truong
In attracting investment in Yen Thanh district, industrial clusters have developed quite effectively. Typically, in the Yen Thanh town industrial cluster, clean projects that do not cause pollution are arranged. Thien Minh Joint Stock Company was established in 2014, mainly producing high-quality and civil wood, with a total investment of tens of billions of VND. This facility has grown increasingly in scale, with an average annual turnover of 30-40 billion VND, creating jobs for 70 workers. The high-quality and civil wooden products of this unit are currently available in the domestic market and Ho Chi Minh City. Also in this industrial cluster, since 2013, MLB TENERGY Japan Co., Ltd. has invested in building an export garment factory, with a total investment of 5 million USD. The factory has created stable jobs for over 1,500 local workers, with an average salary of 4 million VND/person/month.
In Son Thanh commune, BMC Nghe An Brick Factory was approved by the Provincial People's Committee and granted an investment certificate with a total land area of ​​12.3 hectares; in which, the project has a total investment of nearly 90 billion VND. In 2018, the factory went into operation with a capacity of 30 million bricks/year, creating stable jobs for over 120 local workers.

In addition to industrial clusters, Yen Thanh has attracted important projects in the 2016-2020 period, with large total investment such as: JICA project with a total investment of 2,600 billion VND, climate change project of 200 billion VND, sub-project of solidifying canals and rural roads in Yen Thanh district under the rural infrastructure development project of 4 central provinces of Nghe An with a total investment of 100 billion VND (ADB). Project of developing rural commercialization and enhancing agricultural competitiveness with a total investment of 3,000 billion VND (ADB); Ru Gam road project under the tourism infrastructure project of Yen Thanh district and Cua Lo town with a total investment of 90 billion VND (ADB). LRAMP project to upgrade bridges and roads with a total investment of 70 billion VND...

The total number of investment projects in the area up to this point is 317 projects with total investment capital: 3,652 billion VND.


Garment production at MLB Tenegry Company Limited. Photo: Van Truong

Creating new momentum for agriculture

Mr. Phan Van Tuyen - Chairman of Yen Thanh District People's Committee said: Implementing the Resolution of the 26th Yen Thanh District Party Congress, term 2015-2020, the District People's Committee issued and implemented the project "Strengthening investment attraction for socio-economic development in the period 2016-2020". In the coming time, Yen Thanh will continue to strongly attract investment in the agricultural sector in terms of both resources and science and technology, to develop some key products of the district from rice in particular and agriculture in general.

Building the brand of agricultural products of the district such as: Yen Thanh rice, Yen Thanh oranges, Yen Thanh mushrooms, Yen Thanh rice seeds, Yen Thanh hill chickens... thereby contributing to promoting the production of agricultural goods. The district prioritizes attracting all sources of investment capital for unfinished socio-economic infrastructure projects, so that the projects can be completed soon and be effective. Exploiting the potential for tourism development in the direction of rural tourism, ecological and spiritual tourism.

Rice fields in Hoa Thanh - Yen Thanh. Photo archive

Continue to promote the attraction of garment projects and wood production projects in industrial parks. Attract investors to build animal feed processing factories in Trang Ke industrial park, My Thanh commune, paper raw material processing factory in AB industrial park, Cong Thanh commune...
To create the most favorable conditions for investors, the district focuses on completing the construction of regional planning and agricultural planning for Yen Thanh district towards sustainability until 2035, with a vision to 2050. Doing a good job of planning to create conditions to attract investment, when planning, it is necessary to take into account the potential and advantages of each locality and each industry, creating regional and industry linkages, ensuring rapid and sustainable development. At the same time, the district focuses on key solutions: Building a favorable and open investment and business environment, positively impacting the development of the business community. In addition to accompanying investors throughout the process of carrying out procedures and implementing projects, the district provides maximum support in resolving administrative procedures with the motto of simplicity, speed and convenience.

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Creating new momentum in attracting investment in Yen Thanh
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