On July 17, in Yen Bai Ward, the 2026 Lao Cai Province Investment Promotion Conference with the theme “Lao Cai – Connecting Development – Green and Sustainable” successfully took place with the presence of Member of the Party Central Committee, Deputy Prime Minister Ho Quoc Dung, leaders of the People’s Committee, departments, and sectors of Lao Cai Province, international associations, along with more than 300 businesses attending to exchange and seek cooperation opportunities. At this first major investment promotion event of the province following the administrative merger, Tran Yen Industrial Park (IP), developed by Viglacera Corporation – JSC, stood out as a promising spot, attracting strong interest from domestic and foreign investors thanks to its outstanding competitive advantages and the top-tier reputational capacity of its infrastructure developer.
Directing the conference, Deputy Prime Minister Ho Quoc Dung affirmed that with its unique potential, competitive advantages, abundant resources, and strategic location, Lao Cai converges all conditions to become a growth pole of the Northern Midland and Mountainous Region, while serving as the center of the Kunming – Lao Cai – Hanoi – Hai Phong – Quang Ninh economic corridor, connecting trade between Vietnam, ASEAN countries, and Southwestern China.
Comrade Duong Quoc Huy – Secretary of Lao Cai Provincial Party Committee emphasized that alongside comprehensive advantages in terms of synchronized planning, modern transportation infrastructure, logistics, and abundant resources, the province identifies a transparent, open investment environment and a newly proactive administration as its most core competitive advantage. This commitment has been and is being strongly realized through a series of decisive solutions such as administrative reform, digital transformation, application of “smart border gates” and “green lanes for procedures”, as well as assigning direct responsibilities to leaders to accompany and resolve all difficulties for enterprises.
Speaking at the conference, the representative of the developer Viglacera for Tran Yen IP (Lao Cai) affirmed: “As one of Vietnam’s leading industrial park infrastructure developers, Viglacera always defines industrial park development towards a modern, synchronized, green, and sustainable direction, creating a favorable investment environment for domestic and international enterprises.”
As of the present time, Tran Yen IP – Phase 1 (255 ha) is the industrial park project with the most modern and synchronized infrastructure scale in Lao Cai province, acting as an important international gateway directly connecting key economic corridors, creating optimal conditions for logistics, freight transport, and cross-border trade for businesses investing here.
Situated along the vital economic corridor connecting directly to Lao Cai International Border Gate, Tran Yen Industrial Park possesses a prime location adjacent to Interchange IC12 of the Noi Bai – Lao Cai Expressway, offering fast connections to Noi Bai International Airport, Hanoi Capital, and major manufacturing centers and supply chains for electronics, semiconductors, and automobiles in Phu Tho, Bac Ninh, and Hanoi.
In particular, Tran Yen IP is located next to the new Yen Bai Railway Station on the Lao Cai – Hanoi – Hai Phong high-speed railway line (commenced construction in December 2025), which connects directly with China’s railway network at the Lao Cai Border Gate. This significantly reduces travel time to the border gate to 1 hour 10 minutes and to the seaport to 1 hour 50 minutes, creating a major breakthrough in inter-regional and international connectivity for investors in the IP, optimizing logistics costs, and contributing to higher operational efficiency for businesses.
Despite having ground broken only in August 2025—less than a year ago—Tran Yen IP has rapidly affirmed its strong appeal and outstanding potential by successfully attracting over 150 million USD in investment capital from domestic and foreign enterprises.
A key testament to the project’s success is the proven capacity of its developer, Viglacera – one of Vietnam’s leading IP infrastructure developers. Boasting over 25 years of experience developing 19 industrial parks across key economic regions nationwide, Viglacera has attracted over 20 billion USD in high-quality foreign investment into its industrial parks in Vietnam. Viglacera has solidified its position as a strategic production hub and an indispensable link in the global supply chain of world-leading technology and semiconductor “eagles” such as Samsung, Amkor, Hyosung, Hana Micron, Foxconn, BYD, THK, and Canon.
With solid hilly foundation soil, abundant clean land reserves, synchronized infrastructure developed towards a smart green direction, alongside comprehensive support commitments regarding mechanisms and administrative procedures from the province, Tran Yen IP is confident in being the ideal destination for industrial manufacturing, fabrication, electronics, and high-tech projects in Lao Cai province.
Some images from the event series:
