Vietnam’s Lao Cai: An Investment Spotlight
- Lao Cai has developed as a major FDI destination and a major conduit for trade and investment between Vietnam and southwest China.
- Lao Cai is helped by its strategic location and a well-developed transportation network.
- Most recently local authorities have proposed a border market and trade center to promote investment.
In recent years, Lao Cai province has developed into a promising destination for foreign investments – especially in the tourism, construction, and agriculture sectors. This is partly a result of Lao Cai’s strategic location located on the Kunming-Haiphong economic corridor, sharing a border on the Yunnan province of China.
Lao Cai is now a major conduit for trade and investment between Vietnam and southwest China. Businesses with interests in both Vietnam and China should examine Lao Cai’s profile in greater detail to understand if locating in the province will provide a strategic advantage in comparison to other locations.
Source from : https://www.vietnam-briefing.com/news/vietnams-lao-cai-investment-spotlight.html/