38 countries and territories invest in Long An

Long An now has 28 industrial parks with an area of 10,216 hectares

Until now, the investment environment of Long An province has been improved better and better and evidenced by the enterprises’ evaluation. Specifically, the results of the Provincial Competitiveness Index (PCI) in 2018 showed that Long An is one of the localities with good operating quality, ranking 3/63 provinces and cities nationwide.

Last time, the Provincial Party Committee, the Provincial People's Committee, together with the sectors and levels drastically directed to contribute greatly in the provincial investment attraction. Currently, there are over 10,800 enterprises operating in Long An province, with a total registered capital of VND 272,300 billion, the number of domestic investment projects is 1,751 projects with investment capital of VND 212,850 billion, averagely 121.5 billion VND per project.

Long An has 969 FDI projects with registered capital of over USD 6.1 billion, averagely 6 million USD per project. There are 38 countries and territories investing in Long An; of which Taiwan ranked first in both the number of projects and the registered investment capital, followed by South Korea, Japan, China, Thailand and the United States.

Among domestic and foreign investment projects registered up to the present time, about 60 percent of projects are in operation, the rest are in the stage of site clearance and investment in technical infrastructure.

In the past time, the province regularly checked and urged to speed up the progress of site clearance and investment in infrastructure - techniques to soon bring IPs and industrial clusters (ICs) into operation. Particularly, the province selected site clearance as the key task of the all-level Party Committee and authorities to create a breakthrough in the development of transport infrastructure, urban industry and industrial infrastructure.

Cau Tram industrial park in Can Duoc district has a high investment rate 

Long An currently has 28 IPs with an area of 10,216 hectares, including 16 operating IPs with an area of 3,860 hectares, covering over 84 percent. 12 IPs are in the stage of site clearance and infrastructure investment suitable for an area of 6,353 hectares. In 2019, Long An strives to bring 4 industrial parks into operation with an area of about 1,000 hectares.

The whole province has 62 planned ICs with an area of 3,106 hectares, 22 operating ICs with an area of 1,095 hectares, covering over 86 percent. Currently, there are about 40 ICs in the process of site clearance and technical infrastructure investment, with 2,011 hectares. It is expected that there will be 3 new ICs with about 100 hectares going into operation in 2019. By this time, there are 2 ICs put into operation.

Transport works contribute to promoting investment attraction of Long An

With 16 IPs and 22 ICs put in operation, the area of industrial land that can be re-leased is very small, only about 300 hectares, scattered in IPs-ICs, which makes it difficult to attract the large-scale secondary investment projects.

According to the Resolution of the Long An provincial Party Committee in 2019, the province determines to concentrate its forces to carry out the tasks of site clearance, and also accompanies with investors to implement the commitments to accelerate the investment progress of technical infrastructure in IPs-ICs. Thereby, more industrial land fund is created to attract more investment in the future./.

By Minh Dang – Translated by Duc Tam