page_title: Yên Bái Province
section_title: Economy
hierarchical_section_title: Yên Bái Province / Economy
caption_attribution_description: English: Lục Yên Gem Market, Yen Bai Province, Vietnam
context_page_description: Yên Bái is an agricultural-based province located in Tây Bắc, the northern part of northern-central Vietnam. It shares borders with six provinces which are Hà Giang Province, Lào Cai Province, Lai Châu Province, Sơn La Province, Phú Thọ Province, and Tuyên Quang Province. The province covers an area of
  6,899.5 square kilometres and as of 2008 it had a population of 750,200 people.
  Yên Bái's history is important under the French colony, particularly the subsequent "Yên Bái mutiny", an uprising of Vietnamese soldiers in the French colonial army on 10 February 1930 in collaboration with civilian supporters who were members of the Việt Nam Quốc Dân Đảng.
  Forestry and farming are the main economic stays of the province. Thác Bà Lake is a natural asset of the country along with its Thác Bà Hydroelectric Plant. Dong Cuong Festival is an important festival of the province.
context_section_description: 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.
  Yên Bái 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 Yên Bái 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.
caption: Gem market in Lục Yên District, Yên Bái Province
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