Expanding Lao Cai Border Gate Economic zone

Thứ Hai, 26/09/2016, 14:36

The Government has issued Decision No. 40/2016 / QD-TTg on expanding Lao Cai border-gate economic zone, Lao Cai Province.

Accordingly, Lao Cai border gate economic zone has the geographical boundaries belongs to national sovereignty with a separate economic space, with the total area of 15,929.8 ha . Lao Cai border gate economic zone is organized with functional areas including: non-tariff zone; gate zone; industrial parks and handicraft zone; entertainment and tourism areas, urban areas, residential and other functional areas which are consistent with the provisions of law and local characteristics.

The size and position of each functional area is defined in the general construction planning. Economic zones is operated under the current provisions of law on economic, border gate economic zone and relevant legal policies.

Business investment for investors that has geographical boundary changes as mentioned in this Decision s will be ensured to comply with the provisions of Article 13 - Investment Law 2014 and Article 3 of Decree No. 118/2015 / ND-CP dated 12-11-2015.

The decision will take effect from November 15th 2016.

PSN