Building Lao Cai into a growth pole and a trade connectivity center
The People's Committee of Lao Cai province recently issued Decision No. 160/QD-UBND approving Investment Promotion Plan for a period of 2026-2030.
According to the People's Committee of Lao Cai province, the plan sets out the overall goal: Maximizing potential, advantages and new development spaces; promoting innovation and digital transformation; and strengthening mobilization of capital for development investment, especially non-state budget sources. Actively create "clean" land funds to serve investment projects in urban infrastructure, transportation, industrial parks, commercial and service areas, tourism areas, etc. Aiming for a breakthrough to build Lao Cai province into a growth pole and a center for connecting trade and economic activities between Vietnam and ASEAN countries with Southwest China by 2030, following a "green, harmonious, distinctive and happy" direction.
Along with that, continue to improve provincial-level indicators and sets of indicators in areas such as administrative reform, citizen satisfaction, enhanced competitiveness, digital transformation, green transformation, and innovation... to create attractiveness for investment.
According to the plan, the main targets by 2030 are: Striving for an average annual growth rate of Gross Regional Domestic Product (GRDP) of 10% or more for a period of 2026-2030; total investment implemented in the province over 5 years reaching over 500 trillion VND; The industrial production index increased by an average of over 12% per year. Tourism revenue reached 70 trillion VND. Total value of goods exported and imported through the province reached 10 billion USD. Lao Cai province has over 18,000 businesses, of which over 60% are operating efficiently; proportion of added value from the non-state economy in GRDP reached over 72%. The goal is to have an additional 2,000 hectares of industrial land and industrial clusters by 2030.
8 contents, 6 groups of tasks in investment promotion program.
The plan also outlines eight key areas of investment promotion: Market research, identifying potential, trends and investment partners; Building an image, disseminating information, promoting and introducing investment environment, policies, potential, opportunities and connections; Supporting, guiding and facilitating investment activities; Developing an information system and database to support investment promotion activities; Creating a list of projects to attract investment; Developing publications and materials for investment promotion activities; Training, capacity building, and enhancing investment promotion capabilities; and Cooperation in investment promotion.
To achieve main goals by 2030, the plan also outlines six main groups of tasks and solutions, namely: Building a comprehensive and effective mechanism and policies for socio-economic development in the province, linked with promoting decentralization, delegation of power and authorization to grassroots level and heads of departments to enhance autonomy and accountability in the direction of "local decision, local action, local responsibility."
Continuing to invest in building a comprehensive and modern socio-economic infrastructure with high connectivity; The focus is on building inter-regional and international multimodal transportation infrastructure, developing infrastructure for border economic zones, border free trade zones, modern logistics centers, industrial park and cluster infrastructure, tourism infrastructure, urban chains along the Red River economic corridor and technological infrastructure to serve socio-economic development, creating favorable conditions to increase investment attraction to the province...
Simultaneously, Lao Cai province will strengthen administrative reform, especially administrative procedure reform, promoting improvement of business environment towards openness, transparency, stability, safety, ease of implementation, and low costs; creating the most favorable conditions for businesses, promoting development of the private economy, building a startup ecosystem and new production and business models and methods.
Strengthening training and attracting high-quality human resources with a reasonable structure, professional skills, and qualifications to meet needs of businesses and society as a whole. To achieve breakthroughs in the quantity and quality of the workforce in the non-state sector; to build a strong team of businesses and entrepreneurs in production, processing, trade and services; to attract experts and scientists to serve innovation, digital transformation, green economy and circular economy in areas where the province has advantages.
To promote on-site investment promotion activities, innovate methods, and diversify content of dialogue between government at all levels and businesses and investors to promptly resolve difficulties and obstacles in production and business activities and implementation of investment projects in the province. To ensure consolidation and maintenance of national defense and security and social order and safety, in order to create favorable conditions for investors to confidently invest in production and business.

Source: Vitic/ congthuong.vn