6.3 billion USD to be invested in Lao Cai

Seeing the huge capital inflows committed to this province, Prime Minister Nguyen Xuan Phuc affirmed that the Government will continue to prioritize both policies and capital to make Lao Cai a tourist and trade center.

In the presence of Prime Minister Nguyen Xuan Phuc, Lao Cai province leader signed an investment agreement with many enterprises. In particular, Bitexco will consider investing over VND 1.5 billion USD in the field of medical and education, tourism services and energy in Lao Cai and Sapa district. Many other large corporations and enterprises in the country have also pledged to invest in Sapa, Bat Xat and Muong Khuong with millions of VND to develop tourism and urban areas. The leaders of Lao Cai province also handed over the investment policy decision and approved 8 enterprises to implement 11 investment projects in Lao Cai from now until 2025.

The Prime Minister discussed with Minister of Planning and Investment Nguyen Chi Dung about building an early legal draft to solve difficulties for enterprises in the form of public-private partnerships. Prime Minister Nguyen Xuan Phuc believes that if there is great determination, in the next 15 to 20 years Lao Cai will become a hub for investment, trade, and tourism not only for Vietnam but also for the world.