VIGLACERA TRAN YEN INDUSTRIAL PARK – A BRIGHT SPOT FOR ATTRACTING INVESTMENT IN LAO CAI PROVINCE

On July 17, in Yen Bai Ward, the 2026 Lao Cai Investment Promotion Conference, themed “Lao Cai – Connecting for Development – Green and Sustainable”, was successfully held with the attendance of Politburo Member, Deputy Prime Minister Ho Quoc Dung, leaders of the Lao Cai Provincial People’s Committee, ministries and departments, international associations, and more than 300 enterprises seeking to exchange views and explore cooperation opportunities. At the province’s first major investment promotion event following the merger, Tran Yen Industrial Park (IP), developed by Viglacera Corporation – JSC, stood out as a promising highlight, attracting strong interest from domestic and international investors thanks to its outstanding competitive advantages and the leading reputation and capabilities of its infrastructure developer.

In his direction at the conference, Deputy Prime Minister Ho Quoc Dung affirmed that, with distinctive potential, competitive advantages, abundant resources and a strategic location, Lao Cai possesses all the necessary conditions to become a growth pole of the Northern Midlands and Mountainous region, while also serving as the center of the Kunming – Lao Cai – Hanoi – Hai Phong – Quang Ninh economic corridor, connecting trade between Vietnam, ASEAN countries and Southwest China.

Comrade Duong Quoc Huy – Secretary of the Lao Cai Provincial Party Committee, emphasized that, alongside comprehensive advantages in synchronized planning, modern transport infrastructure, logistics infrastructure and abundant natural resources, the province identifies a transparent and open investment environment and a proactive, enabling government as its most fundamental competitive advantage. This commitment has been and is being strongly realized through a series of decisive measures, including administrative reform, digital transformation, the application of the “smart border gate” and “green lane for procedures” models, and the assignment of direct responsibility to heads of agencies to accompany enterprises and resolve all difficulties and obstacles they face.

Speaking at the conference, a representative of Viglacera, the investor of Tran Yen Industrial Park (Lao Cai), affirmed: “As one of Vietnam’s leading industrial infrastructure developers, Viglacera has always identified the development of industrial parks in a modern, synchronized, green and sustainable direction as a key priority, creating a favorable investment environment for domestic and international enterprises.”

As of now, Tran Yen Industrial Park – Phase 1 (255 hectares) is the industrial park project with the most modern and synchronized infrastructure in Lao Cai province, playing an important role as a gateway for international trade, directly connecting with key economic corridors and creating optimal conditions for logistics, goods transportation and cross-border trade activities of enterprises investing here.

Located on a vital economic corridor directly connecting to Lao Cai International Border Gate, Tran Yen Industrial Park possesses an exceptionally advantageous location, situated adjacent to IC12 Interchange on the Noi Bai – Lao Cai Expressway, providing rapid connections to Noi Bai International Airport, Hanoi Capital, and major manufacturing centers and electronics, semiconductor and automotive supply chains in Phu Tho, Bac Ninh and Hanoi.

In particular, Tran Yen Industrial Park is located adjacent to the new Yen Bai Station on the Lao Cai – Hanoi – Hai Phong high-speed railway line, which commenced construction in December 2025 and is directly connected to China’s railway network at Lao Cai Border Gate. This significantly reduces goods transportation time to the border gate to just 1 hour and 10 minutes and to seaports to 1 hour and 50 minutes, creating a breakthrough in inter-regional and international connectivity for investors in the industrial park, optimizing logistics costs and contributing to improved operational efficiency for enterprises.

Despite only commencing construction in August 2025, in less than one year, Tran Yen Industrial Park has quickly demonstrated its strong appeal and outstanding potential by successfully attracting more than USD 150 million in investment capital from domestic and international enterprises.

A testament to the project’s success is the outstanding capacity of Viglacera, its investor and one of Vietnam’s leading industrial infrastructure developers. With more than 25 years of experience in developing 19 industrial parks across key economic regions nationwide, Viglacera has to date attracted more than USD 20 billion in high-quality investment capital to its industrial parks in Vietnam. Viglacera has established its position as a strategic manufacturing base and an indispensable link in the global supply chains of leading technology and semiconductor “eagles” worldwide, including Samsung, Amkor, Hyosung, Hana Micron, Foxconn, BYD, THK and Canon.

With solid hilly terrain, an abundant clean land fund, synchronized infrastructure developed toward a smart and green model, together with the province’s commitment to comprehensive support in terms of mechanisms and procedures, Tran Yen Industrial Park is confident that it will become an ideal destination for industrial manufacturing, engineering, electronics and high-tech projects in Lao Cai province.

Some images from the event series