Currently, Lao Cai has 3 industrial parks (IPs) and 6 industrial clusters (ICs) that have been put into operation. The scale of IPs and ICs in the province has created jobs for more than 7,500 workers with an average income of 6-10 million VND/person/month.
The zones and industrial parks that have come into operation have created a significant production value. These include Bac Duyen Hai Industrial Park with a revenue of 214 billion VND in 2023, Dong Pho Moi Industrial Park with 174 billion VND. And especially Tang Loong Industrial Park with a total revenue in 2023 estimated at more than 22,119 billion VND. Through the survey, the above industrial parks all have occupancy rates from 70% to nearly 90%. As for industrial parks such as Bac Duyen Hai, Dong Pho Moi or Son Man, the occupancy rate reaches 100%.
Most recently, the Lao Cai Provincial People's Committee approved the investment attraction of Vo Lao Industrial Park with a total investment capital of VND 1,807 billion. With a planned area of about 200 hectares located in Vo Lao commune, Van Ban district, Vo Lao is the industrial park with the largest investment capital of Lao Cai province approved this year.
This industrial park is built in a convenient traffic location, located near Provincial Roads 162 and 151, about 20km from Noi Bai - Lao Cai Expressway (at Pho Lu intersection).
According to the plan, by 2025, Lao Cai will establish new industrial parks including: Trinh Tuong - Coc My Industrial Park with an area of 1,000 hectares; Ban Qua Industrial Park (Bat Xat) with an area of 228 hectares; Cam Con Industrial Park (Bao Yen) with an area of 200 hectares. Also in 2025, Lao Cai city, Bat Xat, Van Ban, Bao Yen, and Bao Thang districts will establish new industrial parks. From the period of 2026-2030, Muong Khuong, Bac Ha, and Simacai districts will establish industrial parks. To effectively implement the development of industrial parks and industrial parks, Lao Cai province has proposed many solutions such as construction planning, investment attraction, human resource training, and preferential policies and mechanisms.
Mr. Vuong Trinh Quoc, Head of Lao Cai Economic Zone Management, shared: “With the orientation of promoting and attracting deep processing projects and increasing industrial production value to maximize the advantages of Lao Cai, we have proposed a list of projects to attract to the Industrial Park, focusing on deep processing projects of products manufactured in the Industrial Park, waste treatment projects, projects using high technology, low power consumption, less resource intensive and environmental protection. These activities create high industrial production value as well as bring jobs to many workers”.
