The People’s Committee of Lao Cai province in northern Vietnam has officially approved an investment policy and a selected developer for two major infrastructure projects: the Phu Xuan Industrial Park and the Phu Xuan 1 Industrial Park.
Both projects, which involve the construction and operation of industrial infrastructure, will be developed by Linh Linh Industrial Joint Stock Company.
The two industrial parks will cover a combined area of 500 ha, with a total registered investment of VND5.462 trillion (approximately $208 million).
According to the development plan, infrastructure construction for both projects is slated for completion by early 2028 to begin attracting secondary investors. Each project will operate for a term of 70 years starting from the date of land allocation or lease by the State.
In terms of land use structure, industrial production and warehousing facilities will account for 61.07% of the total area in Phu Xuan IP and 59.38% in Phu Xuan 1 IP.
The two projects are designed to follow a modern industrial park model, featuring synchronized technical infrastructure and integrated transport connectivity. The developer will prioritize building "model" industrial zones that meet green industry standards, focusing on energy efficiency, environmental friendliness, and alignment with Lao Cai’s sustainable development goals.
Priority sectors for investment attraction include: high-tech industries and mechanical engineering; manufacturing and assembly of electronic components; deep mineral processing using clean technology; agro-forestry processing for domestic and export markets; consumer goods and light industry; and logistics services, including warehousing, packaging, and distribution.
Google translate