Thai retail giant expands investment in Lao Cai

GO! Yen Bai was officially inaugurated and put into operation by Central Retail Vietnam Group in Yen Bai ward, Lao Cai province, in northern Vietnam, on September 10.

With a total investment of VND164 billion ($6.2 million) and a scale of 13,000 sq.m, the new facility marks the 44th shopping mall in Central Retail Vietnam Group's chain of commercial centers.

"The complex is expected to stimulate consumption, increase service revenue, and contribute to the modernization of the province's commercial sector, while also creating job opportunities for local residents," said Mr. Trinh Xuan Truong, Secretary of the Provincial Party Committee.

Mr. Tran Huu Linh, Director of the Domestic Market Management and Development Department (Ministry of Industry and Trade), emphasized the importance of expanding retail infrastructure as part of the government's strategy for domestic market development.

Following the provincial merger and streamlined two-level government apparatus since July 2025, the former province of Yen Bai, where locates Yen Bai ward now, became part of Lao Cai province.

The new province of Lao Cai is currently demonstrating positive changes in its investment environment.

For the first eight months of 2025, the province has approved investment policies for 38 projects, including 2 projects in agriculture, forestry, and fisheries; 30 projects in industry and construction; and 6 projects in trade, services, and tourism.

The total registered investment capital for these projects reached VND11.67 trillion ($441.5 million), and the province currently has 67 active FDI projects with a registered capital of over $1 billion.