New economic complex expected to boost Yen Bai’s growth
Work on an economic complex worth 1.25 trillion VND (56.05 million USD) started in Mu Cang Chai district, the northern mountainous province of Yen Bai on October 3.
Yen Bai (VNA)♋ – Work on an economic complex worth 1.25 trillion VND (56.05 million USD) started in Mu Cang Chai district, the northern mountainous province of Yen Bai on October 3, with expectations that it will spur the locality’s socio-economic growth.
The complex, invested by the MCC Company, covers 150 hectares of land and houses a son tra (Fructus Crataegi) tea and green tea factory with a capacity of 700 tonnes per year, a biological coal plant, and a resort.
The tea factory and the coal plant is scheduled to become operational in July 2017, employing more than 200 labourers whose monthly income is about 6 million VND each.
The MCC company also pledged to supply the locals with varieties of son tra tree and cultivation techniques and buy back all son tra fruits at a price of 5,000 VND per kilo for its tea plant.
Currently, Yen Bai has about 1,200 son tra trees, with an output of about 3,500 tonnes of fruits.
According to Nguyen Van Khanh, Vice Chairman of the Yen Bai People’s Committee Nguyen Van Khanh, the complex is significant to the socio-economic development of the province and Mu Cang Chai district in particular, helping the locality fulfil its targets and the agricultural structuring plan for the 2016-2020 period.
He also asked the provincial departments and agencies to support the investor to ensure the progress of the project.-VNA
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At the ground breaking ceremony (Photo: VNA)
