Lào Cai breaks ground on 5.5 trillion VND industrial park projects

Construction has officially commenced on the Phu Xuan and Phu Xuan 1 industrial park projects in Gia Phu commune, Lào Cai province. Developed by Linh Linh Industrial Joint Stock Company, the two projects cover a combined area of 500 hectares with a total investment of nearly 5.5 trillion VND.

The Phu Xuan Industrial Park spans 300 hectares with an investment of 3.277 trillion VND, while Phu Xuan 1 covers 200 hectares with 2.185 trillion VND. These zones are designed to attract high-tech industries, supporting industries, mechanical manufacturing, deep processing, and logistics. The sites benefit from proximity to the IC17 interchange, the Tằng Loỏng Industrial Park, and the Lào Cai - Hà Nội - Hải Phòng railway line.

Infrastructure construction is scheduled to take place from the first to the fourth quarter of 2027, with operations expected to begin in the first quarter of 2028. Phan Trung Ba, Vice Chairman of the Lào Cai Provincial People's Committee, emphasized the importance of these projects in expanding industrial space and driving provincial growth, while urging the developer to ensure progress, safety, and environmental protection.