On July 6, information from the Lao Cai Provincial Economic Zone Management Board said that the province has approved the investment policy and also approved the investor for the Project to invest in construction and business of Phu Xuan Industrial Park and Phu Xuan 1 Industrial Park infrastructure in Gia Phu commune.
Accordingly, Linh Linh Industrial Joint Stock Company is the investor implementing both projects.
These are the next two industrial parks established in the northern province of Lao Cai, after Ban Qua Industrial Park was approved for investment policy at the end of June 2026.
The two projects have a total planned area of 500ha with a total registered investment capital of 5,462 billion VND.
In which, Phu Xuan Industrial Park has a scale of 300ha, total investment capital of 3,277 billion VND; Phu Xuan 1 Industrial Park is 200ha wide, total investment capital of 2,185 billion VND.
According to the plan, by early 2028, both industrial parks will complete infrastructure investment to attract secondary projects. The operating term of each project is 70 years from the date of being allocated or leased land by the State.
Industrial parks are planned according to the eco-industrial park orientation, synchronously investing in technical infrastructure and connecting transportation.
Lao Cai orients to attract high-tech industries, deep-processing mineral industries applying clean technology, mechanical manufacturing, electronic component assembly, agricultural and forestry product processing, light industry and logistics services...
According to Lao Cai Provincial People's Committee, the formation of 2 industrial parks will supplement land funds to serve secondary investors, create jobs for about 15,000-20,000 workers, increase budget revenue and promote economic restructuring towards industrialization and modernization.
