Yen Bai Business Association Set to Further Contribute to Socioeconomic Development

7:49:51 AM | 26/12/2022

On December 13, 2022, Yen Bai Business Association successfully organized the 3rd Congress (2022 - 2027 term). The congress elected the Executive Committee consisting of 29 members and Ms. Bui Thi Suu was re-elected Chairwoman of Yen Bai Business Association.

Delegates at the 3rd Congress (2022 - 2027 term) of Yen Bai Business Association 

At the meeting, Chairwoman Bui Thi Suu said that during the last term, the Yen Bai Business Association excellently acted as a representative of the business community to gather, unite, connect and support businesses; worked as a bridge to link enterprises and authorities; collected recommendations, proposals and reflections; consulted, motivated and encouraged enterprises to deal with difficulties; and informed them of market trends and policies to businesses.

To date, the association comprises four sector-specific business associations and two local business associations with 168 member companies that regularly join its movements and activities and create stable better-paid jobs for workers.

The association's activities are maintained and developed. It connects local businesses and communicates guidelines and policies to enterprises in a timely manner.

Every year, the business community well fulfills its tax payment obligations and contributes over 60% to the total budget revenue. Typical examples include Thac Ba Hydropower Joint Stock Company, Yen Bai Power Company, Petrolimex Yen Bai Company, Hoa Binh Minh Group Joint Stock Company, Yen Bai Cement and Mineral Joint Stock Company, Yen Bai Forest Agricultural Products and Foodstuff Joint Stock Company and Viettel Yen Bai Branch. Enterprises employ over 22,000 workers, each with a monthly income of over VND9 million.

During the second term, the Yen Bai Business Association had many activities to advise and connect the government and businesses. Most notably, the district coordinated with the Office of the Provincial People's Committee and other departments and agencies to organize the “Business Coffee” Program where authorities and enterprises exchanged to find the best solutions. Through various programs, businesses and investors got answers and solutions to their difficulties and this helped form a favorable and open business environment.

Attending monthly and quarterly meetings with the Standing Committee of the Provincial People's Committee and Business Coffee Program, many questions about land policy, administrative procedures and bank loans raised by enterprises were answered.

In particular, recommendations related to project revocation, project investment policy and land recovery were gathered and sent to provincial authorities by the association. Thus, authorities had another additional information channel for their decision-making processes.

VCCI President Pham Tan Cong awards certificates of appreciation to outstanding collectives and individuals

In the 2022-2027 term, Yen Bai Business Association will focus on building a strong and professional apparatus, developing members and protecting legitimate rights and interests of members; and stepping up business, production and service promotion to successfully carry out socioeconomic goals and create more jobs for local workers.

Speaking at the congress, Mr. Pham Tan Cong, President of the Vietnam Chamber of Commerce and Industry (VCCI), emphasized that the last term was difficult and challenging for businesses and the Yen Bai Business Association, but the association worked to successfully complete its goals and tasks. It gradually affirmed its role and position in the socioeconomic development of Yen Bai province, exerted increasing influence and affirmed its position and prestige in the Vietnamese business community.

He added that, as a national representative of the Vietnamese business community, during this term, VCCI is actively reforming its content and mode of operation, with a focus placed on connecting and supporting business associations and enterprises to expand the business community. VCCI affirmed that it will support Yen Bai Business Association in carrying out goals and tasks set by the congress, enabling Yen Bai province to develop quickly and sustainably towards “Green, harmony, identity and happiness” to become a relatively developed province by 2025 and a top-ranked province of the Northern Midlands and Mountains in 2030.

At the meeting, Mr. Do Duc Duy, Secretary of Yen Bai Provincial Party Committee, acknowledged and praised the efforts and contributions of the business community and Yen Bai Business Association to social and economic development.

He directed the entire political system of the province to further support and facilitate the business community. “The province is seeing great development prospects, enabling Yen Bai to build a fairly, comprehensively and sustainably developed province in the northern mountainous region by 2025. To capture those development opportunities, domestic and foreign strategic investors are pouring investment capital into the province. The increase and formation of new companies will help build a stronger Yen Bai business system,” he emphasized.

At the congress, Yen Bai Business Association and VCCI awarded certificates of appreciation to outstanding collectives and individuals.

By Ngô San, Vietnam Business Forum