mining-and-processing-iron-ores &laquo; WordPress.com Tag Feed http://en.wordpress.com/tag/mining-and-processing-iron-ores/ Feed of posts on WordPress.com tagged "mining-and-processing-iron-ores" Sat, 25 May 2013 21:47:31 +0000 http://en.wordpress.com/tags/ en <![CDATA[Economy in Yen Bai]]> http://greenyenbai.com/2011/07/04/economy-in-yen-bai/ Mon, 04 Jul 2011 04:09:51 +0000 sergefabre http://greenyenbai.com/2011/07/04/economy-in-yen-bai/ The total area of the province is 689,900 hectares (6,899 km2), out of which the agricultural area is 78,600 hectares (786 km2), forest land forms major part of 453,600 hectares (4,536 km2), homestead land accounts for 4,000 hectares (40 km2) and land used for special purposes is 30,200 hectares (302 km2). The per capita production of cereals in 2008 was 289 kg.
Yen Bai is home to 281 cooperatives, which are considered an effective way of generating employment to thousands of workers. These cooperatives are engaged in fields such as agricultural services, industrial services, construction, commerce, transportation, People’s Credit Funds and health care. Cooperatives services include the production of black tea (manufacturing and processing), farm and forestry, fertilizers, transportation, electric supply in rural areas, and so forth.
A survey of the economic situation in Yen Bai carried out in 2006 indicated that living standards had increased substantially. For the period 1990 to 2004, Gross domestic product (GDP) tripled with an average increase of 7.5% per year. Poverty index decreased from 58% in 1993 to 16% in 2006 (as per General Statistics Office, 2006). However, underemployment, unstable income, inadequate childcare, limited access to health, child labour, social issues related to old people and social evils, gender inequality needed to addressed.

http://en.wikipedia.org/wiki/Yen_Bai_Province

Socioeconomic development achievements

In 2009, Yen Bai’s economy expanded 12.89 percent. Currently, the province has nearly 1,000 companies of different economic sectors, especially foreign-invested and State-owned entities. They have registered to invest VND5,420 billion and created 24,000 jobs. They are also the main taxpayers in the province, usually accounting for 55 – 65 percent of the province’s budget collection. At present, the province has 15 foreign-invested companies with total registered capital of about US$42.1 million. As of June 2010, foreign investors disbursed US$15 million and employed 500 workers. Yen Bai province always appreciates the importance of foreign capital in its social and economic development.

Potential and advantages
Yen Bai province has built up concentrated farming areas to produce and supply raw materials for processing industries. It now has 12,000 ha of export tea farms which produce about 80,000 tonnes of fresh tea a year and over 30,000 ha of cinnamon trees. The province also has rich potential for agriculture and forestry development. Its natural forest area covers 229,430 ha and artificial forests are 145,630 ha, capable of producing over 200,000 cubic metres of timber a year. This is a rich source of raw materials for wood processing and paper industries.

Animal husbandry is developed, as the province has over 2,000 ha of pastures and vast forest coverage. Forests are a good advantage for livestock development. Even as a mountainous province, Yen Bai has huge potential to develop fisheries as it has 21,000 ha of ponds and lakes, and thousands of kilometres of rivers and streams. In particular, Thac Ba Lake has 25 species of valuable water creatures like carp and sturgeon.

There are many types of minerals in Yen Bai province. Combustible materials include coal, peat and lignite. Metals consist of iron, copper and lead. Although mineral deposits in the province are not large in size, they have high value. For instance, white limestone in Luc Yen can be used for paving and carving; calcium carbonate in Yen Binh, with a brightness degree of over 90 percent, is being exploited in pit and powder forms; precious stone mines in Yen Binh – Luc Yen have produced the two largest rubies in Vietnam with weights of 2,300 grams and 1,960 grams.

In the coming years, Yen Bai province will attract investors to invest in mining and processing iron ores, kaolin, feldspars, rocks, stone tiles, limestone powder and other minerals. Yen Bai set up an industrial cluster south of Yen Bai City, one north of Van Yen district and one in Van Chan district where factories can process 10,000 tonnes of iron ores a year for export, 3,000 tonnes of insulated porcelains a year, 300,000 tonnes of kaolin together with many precious stones, white limestone, feldspar and quartz factories.

The diversity of natural landscapes enables Yen Bai province to develop tourism. Especially, Thac Ba tourist site is one of three largest artificial lakes with 1,331 islands and is surrounded by many mountains and interesting caves. Currently, Yen Bai is calling for big tourism projects in Thac Ba Lake area, making it a national scale eco-tourism site.

The province has plans to build industrial parks in the coming decade, five with a total area of 1,182 ha to be managed by the province and 19 with a combined area of 1,100 ha to be administered by districts.

Currently, the 137-ha Southern Yen Bai Industrial Park, located in Yen Bai City, has been approved to be a national industrial park and has been enlarged to 207.8 ha since 2010. The infrastructure investment in this industrial park has been basically completed, especially roads, water supply systems, drainage systems, 35-kV power lines and communications systems. To date, 10 companies have been licensed to locate their factories in the park, covering 73 percent of rentable area.

Investment attracting fields
With the goals of maintaining rapid and sustainable economic growth and improving the quality of socioeconomic development, Yen Bai province will attract investment capital in the following fields in the coming years: mining and processing minerals, construction materials like stone tiles, stone carving, ultra-fine calcium carbonate powder and porcelain. The province will also call investors to invest in building infrastructure systems in South Yen Bai Industrial Park, Au Lau Industrial Park, Minh Quan Industrial Park and North Van Yen Industrial Park. It will also attract investors to build and develop Thac Ba Lake tourist site, Suoi Giang ecological tourist site, Ban Bon ecological tourist site, Dam Hau ecological tourist site, hotels and motels. Yen Bai also will attract investors to develop commercial agriculture and forestry, as well as processing industries.

Along with its strengths, potentials and business supporting policies, Yen Bai is opening its door wide to welcome investors to cooperate for mutual development.

http://www.vccinews.com/news_detail.asp?news_id=23013

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