Since the commencement of the Year of the Dragon in 2024, Lao Cai has witnessed a significant surge in its tourism sector. The region is teeming with visitors, drawn to its myriad tourist attractions and amusement parks.
The number of visitors to the northern province of Lao Cai in the first nine months of this year reached a record of more than six million, up 71 per cent over the same period last year, thanks to measures to stimulate tourism demand, together with improved service quality.
Sa Pa is leading Lao Cai province in certified OCOP products assigned 3-star or higher standards.
Developing rural tourism will be one of the new concerns of the agricultural sector
After more than six years of construction, on June 26, 2021, Vinacomin - Minerals Holding Corporation (VIMICO) took the first anode copper plate in Lao Cai Copper Smelter after the test run of the expansion project was completed.
The robust development of Lao Cai province in recent decades has become a magnet to many entrepreneurs and enterprises whose success has adorned the province. Hoa Thinh Hung Co., Ltd, which is led by Director Nguyen Thi Tuyet Mai, plays a significant part in that success.
In a bid to revive the tourism industry that has been seriously affected by the Covid-19 epidemic, Lao Cai province launched many tourism stimulus programs, hosted attention-grabbing tourism events and developed new tourism products.
After 30 years of re-establishment, Lao Cai province has obtained many achievements in socio-economic development with the contribution of the banking industry, which always adheres to the province's key goals. The banking system provides credit for all economic sectors and helps increase the appeal of the local investment environment. One active member of this system is the Joint Stock Commercial Bank for Foreign Trade of Vietnam - Lao Cai Branch (Vietcombank Lao Cai).
Vietnam - China Power Investment Co., Ltd was established in October 2006 as a cooperation project between Northern Electricity Corporation of Vietnam (51% stake) and Yunnan Power Grid Company of China (49% stake, now transferred to Yunnan Southern Power Grid International Co., Ltd of China).
PTI Lao Cai, established in 2006, is active in Lao Cai and Lai Chau provinces. After 15 years of development, the company has launched products that bring practical benefits to customers, especially motor vehicle insurance and personal insurance.
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