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Construction underway at Yen Bai Mountain Economic Complex

Released at: 12:17, 05/10/2016

Construction underway at Yen Bai Mountain Economic Complex

Photo: Mu Cang Chai People's Committee

Complex in northern province an important part of local socioeconomic plans.

by Ngoc Lan

The MCC Trading Investment Joint Stock Company kicked off construction of the Yen Bai Mountain Economic Complex on October 3, which is expected to spur northern Yen Bai province’s socioeconomic growth.

The complex is located in Nam Khat commune, Mu Cang Chai district, on 150 ha and will include a tea and medlar processing plant, a bio-coal plant, a breeding area, and a wellness resort.

Construction is expected to be completed in July next year, with total investment capital of VND1.2 trillion ($54.5 million).

According to the detailed plan, the bio-coal plant is expected to employ 120 workers when put into official operation by March. The tea and medlar processing plant will be completed in July and will employ 80 workers, with a projected capacity of 700,000 tonnes per year.

MCC will also support local people in intercropping saffron with medlar trees and has made an undertaking to purchase saffron at VND5,000 per kilogram.

At the breaking ground ceremony, Mr. Nguyen Van Khanh, Deputy Chairman of the Yen Bai Provincial People’s Committee, stressed the important role the project will play in the socioeconomic development of the province in general and of Mu Cang Chai district in particular.

“The project will contribute to fulfilling the goals of the Resolution from the National Party Congress in Yen Bai and the scheme for agricultural restructuring in the province in the 2016-2020 period,” Mr. Khanh said. “The province will work closely with MCC on constructing and promoting the efficiency of the economic complex.”

Mu Cang Chai district has thousands of hectares of medlar trees, with annual output at 3,000-3,500 tons of fruit. When the plant is put into operation the medlar will be processed for export.

The Hoa Sen Group held a breaking ground ceremony on May 19 for the construction of the Hoa Sen Yen Bai Hotel and Trade Center project in Yen Bai city, Yen Bai province. The project is expected to be completed by 2020, with total investment of VND1.2 trillion ($54.5 million). It promises to bring significant change to Yen Bai, awakening potential and promoting tourism as a key economic sector of the province in the future, according to Hoa Sen Group.

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