Affirming position in the Southern Key Economic Region

Attractive investment location

Long An has a favorable geographical position when it borders Ho Chi Minh City and is the gateway connecting the Southeastern provinces with the Mekong Delta region. It is considered as an attractive and favorable investment environment for investors to access markets in the region, especially Ho Chi Minh City.

Long An always focuses on infrastructure investment, especially transport infrastructure to serve the development of the province and the region

According to Vice Chairman of the Provincial People's Committee - Pham Van Canh, with the advantages of location, until now, the province has attracted 28 industrial parks with a total area of nearly 11,000 hectares (of which, more than 5,000 hectares of industrial infrastructure land has been completed and ready to lease), 32 industrial clusters with a total area of nearly 3,500 hectares. The development planning of industrial parks and clusters in the province is reasonably distributed. When the province's location is near Ho Chi Minh City, it is also convenient for investors. Besides, industrial zones and clusters are also convenient in roads and waterways; planning of seaports of the province can accommodate ships of 70,000DWT, etc.

With the policy of creating an open, friendly, safe and effective investment environment, the province has always focused on improving the business environment to improve competitiveness and attract investment. The provincial competitiveness index is always improving year by year. At the same time, the province has focused all resources to invest in infrastructure development, especially transport infrastructure to serve industrial development.

According to the Administrative Director of Hoa Binh Industrial Zone (Nhi Thanh commune, Thu Thua district) - Dang Trung Tin, Long An has a favorable position and is an attractive investment environment for businesses. The company has been operating in the province since 2008. The company always receives the attention and timely support of local authorities. Infrastructure for industrial development has been increasingly improved, creating conditions to attract investment. Currently, the industrial park has almost been filled with all positions.

Deputy General Director of Hai Son Co., Ltd (investor of Hai Son Industrial Zone, Duc Hoa district) - Nguyen Quang Hien said that the investment environment of the province is very attractive. The local authorities always focus on improving the business environment. Therefore, businesses are assured to develop production and business. The whole industrial park is larger than 500 hectares, more than 95 percent is filled with more than 380 enterprises.

Affirming its position

In recent years, the province's socio-economic development has been strongly developed, gradually affirmed its role and contributed to the development of the whole country in general and the Southern Key Economic Region in particular.

Long An has been gradually affirmed its important position in the Southern Key Economic Region

According to the Vice Chairman of the Provincial People's Committee - Pham Van Canh, in 2016, the province's economic growth rate reached 9.0 percent, in 2018 it reached 10.36 percent. On average, during the 2016-2018 period, the province's growth rate reached 9.76 percent. This data shows that the province's economic growth rate is always quite high compared to the national average. The economic structure continues to shift towards industrialization and modernization. The material and spiritual life of the people is always improved. In 2018, the GRDP per capita reached 68.6 million VND, the poor household was only 2.22 percent.

In the first 9 months of 2019, the economic growth rate was quite good. In particular, Region I (agriculture, forestry and fishery) increased by 2.17 percent; Region II (industry, construction) increased by 14.65 percent; Region III (trade and services) increased by 7.5 percent. Total state budget revenue in the province reached 13,436 billion VND, reaching 98.2 percent of the Central estimate; reaching 97.8 percent of the estimate assigned by the provincial People's Council; reaching 92.5 percent of the estimate and an increasing of 26.2 percent over the same period in 2018. Currently, the province has 16 operating industrial parks with an occupancy rate of more than 85 percent and 22 industrial clusters in operation with an occupancy rate of nearly 87 percent. In 2018, Long An province ranked the 3rd in the country in the provincial competitiveness index.

“The above data proves that Long An is increasingly asserting its role and position in the Southern Key Economic Region in particular and the whole country in general. I believe that the province will continue to innovate and develop further in the coming time ”- Vice Chairman of the Provincial People's Committee - Pham Van Canh emphasized./.

By Luc Nguyen - Translated by Pham Ngan

Source: http://baolongan.vn/khang-dinh-vi-tri-trong-vung-kinh-te-trong-diem-phia-nam-a87181.html