Phố Mới Industrial Park

Overview of Dong Phố Mới - Lào Cai Industrial Park

Dong Phố Mới - Lào Cai Industrial Park is an industrial park approved by the People's Committee of Lào Cai province in Decision No. 4099/QĐ-UBND dated December 25, 2008. This is an industrial park built on the administrative boundaries of Lào Cai ward, Phố Mới ward, and một phần commune, Vạn Hòa town, Lào Cai city. The industrial park is located about 41km northeast of the center of Lào Cai city in the area of Phố Mới ward. It is bordered by Thieu Quang Phuc street to the north, the Red River to the south, the hill range of Xuan Man village - Vạn Hòa commune to the east, and the Lào Cai railway station to the west.

With a scale of 100ha, in which land for factory construction accounts for 69.95 ha, along with the rate of land allocation to investors to implement projects by the end of 2017 reaching 96.67% of the total industrial area, Dong Phố Mới Industrial Park will be an ideal location to attract domestic and foreign investors.

Dong Phố Mới Industrial Park is planned as a "clean" industrial park, designed for types of industries such as: electronics assembly industry, processing and manufacturing consumer goods, exports such as: Garment, handicrafts... and warehouses for transshipment of goods.

- Dong Phố Mới Industrial Park currently has 39 projects registered for investment with a total registered capital of VND 840 billion; including 37 domestic projects and 02 foreign investment projects. There are 25 projects operating stably, 04 projects are under construction, and 10 projects are completing investment procedures.

+ The number of employees used in the Park is 565 people; average income is 5 million VND/person/month

Infrastructure of Dong Phố Mới Industrial Park:

- Transportation system: Complete internal traffic roads facilitate the exchange of goods between bustling economic regions such as Lai Chau, Ha Giang, Yen Bai,...

- Electricity: A full power supply system ensures capacity for factories and workshops in Dong Phố Mới - Lào Cai Industrial Park.

- Water: Full water supply system with an average capacity of 40m3/ha/day

- Wastewater treatment: a wastewater treatment plant is built separately outside the industrial park with a capacity of 500m3/day

- Other information: convenient for arranging goods transfer warehouses, clean industrial facilities such as assembly of electricity, electronics, refrigeration, handicrafts, processing and assembly facilities before export or import.

- Industrial park with many factories, warehouses, freezers, coal, sand, ecological area

- Assembly of electricity, electronics, refrigeration, handicrafts, processing and assembly facilities before export or import.

* Scale:

Total area: 100ha.

Including land for construction of factories, enterprises and warehouses: 69.65ha.

The rate of land allocation to investors to implement projects by the end of 2017 reached 96.67% of the total industrial area of the park.

* Nature:

Dong Phố Mới Industrial Park is a multi-sectoral concentrated industrial park such as processing agricultural and forestry products, warehousing for import and export of goods... mainly clean industry.

* Investment situation:

- As of the end of 2017, Dong Phố Mới Industrial Park has attracted 41 projects registered for investment with a total registered investment capital of over VND 1158 billion. In which: 36 projects are in production and business; 04 projects are under construction and 01 project is completing procedures for construction.

- Currently, in Dong Phố Mới Industrial Park, there are still 2.32ha of industrial land that needs to be called for attracting investment in processing projects, preliminary processing of medicinal herbs, processing and packaging import and export goods....

- Inland port ICD Lào Cai

With the advantage that Lào Cai province is located between Kunming and Hai Phong, Lào Cai is an important node in the Kunming - Lào Cai - Hanoi - Hai Phong economic corridor and is the connecting point of the Trans-Asia Expressway from Kunming City (China) to Lào Cai - Hanoi - Hai Phong - Quang Ninh and to the countries of the Mekong sub-region. In particular, Lào Cai international border gate is an important gateway with the shortest route connecting Vietnam with the Southwest China market, ASEAN countries as well as the world and vice versa. Through the Lào Cai (Vietnam) - Ha Khau (China) international border gate pair, goods from Vietnam to China can go directly to Kunming, the capital of Yunnan province, from there to other regions in inland China. Conversely, goods from China to Vietnam are transported to Hai Phong, Hanoi, provinces and cities throughout the country, as well as easily transferred to ASEAN countries and the world. Therefore, ICD Lào Cai will be an important gateway for connecting goods connecting Yunnan province, China with the Northwest region, Vietnam and neighboring regions. Lào Cai ICD port is also the only northern inland port with national railway connections to exploit and transport goods from Lào Cai - Hai Phong - Cai Lan Port - Saigon Port and provinces and cities across the country by combining a chain of railway, domestic sea, and road transport methods.

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