The area will be rebuilt on 2.5 hectares of land, which will give about 40 households a place to live and get their lives back to normal after Typhoon Yagi.
Of which, the export value is estimated to reach $866.6 million in the first six months of this year, equal to 186.24 per cent compared to the same period last year.
Lào Cai has proposed trialling a cross-border e-commerce zone or a free trade zone in the northern mountainous province to a bridge between Việt Nam and other ASEAN countries with the Chinese market.
The northern midland and mountainous region has a particularly important strategic position in terms of economy, culture, society, and the environment. It has an untapped potential in agriculture, forestry, minerals, hydroelectricity, tourism and border trade economy.
The management board of Lào Cai Economic Zone launched a digital feature at the Kim Thanh International Border Gate No. 2 in the northern province of Lào Cai on August 21.
Đức Giang-Lào Cai Chemicals JSC, a subsidiary of Đức Giang Chemical Group, has successfully purchased 100 per cent of the capital at Phosphorus 6 JSC with the purchase price of VNĐ635 billion (US$26.8 million).
Invested by Babeeni Vietnam Co, the factory has a total planned area of 48,600sq.m. Of which, the first phase is built on 6,500sq.m area with a total investment of nearly VND100 billion (US$8.6 million).