Dong Pho Moi Industrial Zone in Lao Cai Province

Key Highlights

• Strategic location with convenient transportation connections
• Modern infrastructure meeting production needs
• Attractive investment incentive policies
• Abundant, high-quality human resources
• Sustainable development potential with a green orientation

Geographical Location of Dong Pho Moi Industrial Zone

Dong Pho Moi Industrial Zone is located in Pho Moi Ward and part of Van Hoa Commune in Lao Cai City, Lao Cai Province. This prime location helps the industrial zone easily connect with domestic and international economic centers.

Characteristics of the Prime Location

Only 10 km from Lao Cai City center, Dong Pho Moi I.Z is well-served by major transportation routes. These include National Highway 4D, the Lao Cai – Hanoi railway, and Lao Cai International Airport. This facilitates the transportation of goods and market access.

Convenient Transportation Connections

• Adjacent to National Highway 4D, connecting with major provinces and cities in the region and nationwide.
• Borders the Lao Cai – Hanoi railway, facilitating goods transportation by rail.
• Just 15 km from Lao Cai International Airport, convenient for international flights.

With advantages in location and transportation connections, Dong Pho Moi I.Z attracts many investors. It is an attractive investment destination.

Vị trí địa lý tỉnh Lào Cai

History of Formation and Development

Dong Pho Moi Industrial Zone, located in Lao Cai Province, was established in 2004. The goal was to become an important industrial center. During its development, this industrial zone has attracted many investors. This has created jobs and promoted the growth of the local economy.

Key milestones in the history of Dong Pho Moi I.Z include:

• 2004: The industrial zone was established with the goal of becoming the industrial center of Lao Cai.
• 2005-2010: The industrial zone attracted many domestic and foreign investment projects, contributing to the creation of thousands of jobs.
• From 2010 to present: Continued expansion of scale, attracting more new projects, enhancing competitiveness and attractiveness to investors.

With ongoing efforts, Dong Pho Moi I.Z has established its position. It has become an attractive destination for domestic and foreign investors in Lao Cai.

Dong Pho Moi I.Z is not only an attractive investment destination but also a significant driving force for the socio-economic development of Lao Cai Province.
With the achievements made, Dong Pho Moi I.Z continues to affirm its important role. It contributes to the sustainable development of the local economy.

Overview of Dong Pho Moi Industrial Zone in Lao Cai Province

Scale and Development Potential

Dong Pho Moi I.Z covers an area of 100 hectares. There are over 70 enterprises operating in key industries, including electronic component manufacturing, mechanical engineering, agricultural processing, and construction materials.
Its location, infrastructure, and investment policies position this industrial zone for strong future growth.

Key Industries

Key industries in Dong Pho Moi Industrial Zone include:

• Electronic component manufacturing
• Mechanical engineering
• Agricultural processing
• Construction materials manufacturing

Due to its location and investment incentives, businesses in these key industries are thriving. They contribute to the development potential of Dong Pho Moi I.Z.

Attractive Investment Environment

For investors, Dong Pho Moi I.Z is an ideal destination. It offers very attractive investment incentive policies. These incentives include tax exemptions/reductions, human resource training support, and infrastructure.
These are crucial factors that create a favorable investment environment, attracting many domestic and foreign investors.

Attractive Investment Incentives

Investors in Dong Pho Moi I.Z enjoy numerous incentives, such as:

• Exemption/reduction of corporate income tax
• Exemption/reduction of land lease fees
• Support for human resource training
• Infrastructure support

These policies create an appealing investment environment. They encourage many businesses to invest in Dong Pho Moi I.Z.
Dong Pho Moi I.Z, with its attractive investment incentive policies, is an ideal destination for investors looking to expand their business in Vietnam.

Modern Infrastructure

Dong Pho Moi I.Z is built with a modern infrastructure system. This meets the production and business needs of enterprises, providing advantages for the economy and ensuring sustainable development of the industrial zone.

Dong Pho Moi I.Z is invested in with systems including:

• Modern, spacious transportation routes that connect conveniently with neighboring economic, political, and residential centers.
• A stable electricity, water, and telecommunications system that meets production demands effectively.
• Other facilities such as canteens, hospitals, schools, and recreational areas to serve the needs of workers and businesses.

With such modern infrastructure, Dong Pho Moi I.Z creates a favorable business environment. It attracts many domestic and foreign investors.

Abundant Human Resources

Dong Pho Moi Industrial Zone in Lao Cai Province boasts abundant, high-quality labor. It not only has a large number of young workers but also a skilled and highly qualified workforce.

High-Quality Labor Force

This industrial zone combines modern training programs, creating a professional workforce that meets the demands of enterprises effectively.
Workers here have extensive knowledge and possess teamwork skills, creative thinking, and high adaptability.

The high-quality human resources in Dong Pho Moi I.Z are a competitive advantage. They also serve as a driving force for the sustainable development of the workforce here.

Sustainable Development Potential

Dong Pho Moi I.Z in Lao Cai Province is a bright spot in sustainable development. Its goal is to become a model for a green economy. The industrial zone is implementing many innovative strategies and solutions.

Green Development Strategy

The green development strategy of Dong Pho Moi I.Z focuses on renewable energy. The area also implements environmental standards and effective waste management. These efforts protect the environment and promote sustainable development.

• Application of renewable energy technologies such as solar and wind energy to reduce carbon emissions.
• Compliance with international environmental standards like ISO 14001 to control pollution.
• Establishment of an effective waste treatment system to reuse and recycle resources.

This is why Dong Pho Moi I.Z is considered a pioneer in sustainable development.

Important Role in the Local Economy

Dong Pho Moi Industrial Zone is a pillar for the socio-economic development of Lao Cai Province. The enterprises here create many new jobs. This helps increase local income and attract new investments.
By 2022, Dong Pho Moi I.Z had attracted 60 investment projects with a total registered capital of nearly 10,000 billion VND. Industries such as construction, mechanical engineering, leather, and textiles are prioritized.

This industrial zone also generates many new jobs, helping local people earn higher incomes. It contributes to poverty reduction and improves quality of life.
Dong Pho Moi I.Z is a driving force for the sustainable development of the local economy. It aids economic growth and enhances the living standards of the people in Lao Cai Province.

Conclusion

Dong Pho Moi Industrial Zone in Lao Cai Province is becoming an attractive destination for investment. Its favorable location, modern infrastructure, and incentive policies are strengths. Many domestic and foreign investors are interested in this area.

This industrial zone not only aids the socio-economic development of Lao Cai Province but also reflects the local government’s commitment to industrialization and modernization. This industrial zone will continue to receive investments and improve infrastructure to meet the needs of enterprises.

In the future, Dong Pho Moi I.Z will leverage its existing advantages. It will contribute to promoting growth and sustainable development of the local economy.

Other industrial zones

• Bac Duyen Hai Industrial Park In Lao Cai Province
• Bat Xat Industrial Cluster In Lao Cai Province
• Dong Pho Moi Industrial Park In Lao Cai Province
• Tang Loong Industrial Park In Lao Cai Province
• Thong Nhat Industrial Cluster In Lao Cai Province

FAQ

What is the geographical location of Dong Pho Moi Industrial Zone?
This industrial zone is located in Pho Moi Ward and part of Van Hoa Commune in Lao Cai City, Lao Cai Province. It is near National Highway 4D, the Lao Cai – Hanoi railway, and Lao Cai International Airport. This facilitates connections with domestic and international economic centers.

What is the scale and key industry of Dong Pho Moi I.Z?
This industrial zone covers more than 100 hectares and has over 70 enterprises operating in sectors such as electronic components, mechanical engineering, agricultural processing, and construction materials.

What investment incentives does Dong Pho Moi I.Z offer?
This industrial zone is an attractive destination with many incentives, including exemption/reduction of corporate income tax, land lease fees, human resource training support, and infrastructure.

What is the human resource situation in Dong Pho Moi Industrial Zone?
Lao Cai has abundant labor, mostly young, skilled, and highly qualified, meeting the needs of businesses in the industrial zone.

What is the sustainable development strategy of Dong Pho Moi Industrial Zone?
This industrial zone is implementing a sustainable development strategy, utilizing renewable energy, adhering to environmental standards, and managing waste effectively.

What is the role of Dong Pho Moi I.Z in the local economy?
This industrial zone plays a crucial role in the socio-economic development of Lao Cai Province, creating jobs, increasing budget revenues, and attracting new investments. This contributes to the province’s development.