Bright spot in attracting foreign direct investment

In 2024, the provincial leaders and departments and branches received 177 delegations of diplomatic agencies, organizations, and domestic and foreign enterprises came to work, survey, and seek investment opportunities, trade cooperation, and cultural exchange

Improve the investment environment and promotion

According to the Department of Planning and Investment, in recent years, the province's investment promotion activities have had many innovations, targeting potential enterprises and partners. In particular, the Provincial People's Committee directed the Department to proactively approach large organizations, investors, and projects that are in line with investment attraction orientation.

In 2024, the province received and worked with the Vietnam Trade Office in Singapore, the Kofu Chamber of Commerce and Industry, the Okayama Provincial Industry and Trade Association, the Yamanashi - Vietnam Friendship Association and Yamanashi Provincial Enterprises, the ASEAN - Korea Research and Technology Cooperation Center, the Korea Economic Development Cooperation Fund, Saigon Telecommunications Technology Joint Stock Company and a group of US and Chinese partners to propose ideas and plans for green growth development, carbon credits, attracting investment in microchips, semiconductors, working with a delegation of US enterprises in the fields of golf courses, hotels, resorts, villas, etc.

In particular, during the year, the Provincial People's Committee successfully organized a dialogue on cooperation exchange between Long An province and Okayama City, Japan, attended a dialogue meeting with Hong Kong, a dialogue on investment and economic development solutions for the Mekong Delta and the Vietnam - Asia Digital Transformation Summit 2024. Thereby introducing the province's potential and strengths in socio-economic development, attracting investors. At the same time, provincial leaders regularly organize dialogues with investors and enterprises to promptly grasp their thoughts and aspirations, and remove difficulties and obstacles for enterprises.

During the year, the Provincial People's Committee organized 5 major dialogue conferences with Korean enterprises, FDI enterprises operating in Long An, enterprises in Duc Hoa and Duc Hue districts, enterprises in Can Giuoc and Can Duoc districts, enterprises in Ben Luc, Tan Tru, Thu Thua districts, Tan An city, along with activities to visit and encourage enterprises.

With innovations in investment promotion and improvement of the investment environment, Long An continues to affirm itself as an attractive destination for domestic and foreign enterprises. In particular, in 2024, many industrial and commercial projects with large investment capital were started, typically the Suntory PepsiCo Vietnam Beverage Factory, Aeon Mall Tan An City, Thai Tuan Textile Finishing Factory, Ecopark urban areas, Vingroup, etc.

According to Director of the Department of Planning and Investment - Truong Van Liep, with the implemented solutions, the province's investment environment has become increasingly open, transparent, and attractive to investors. This is also proven when the province has a strong breakthrough from 10th place in the PCI rankings in 2022 to 2nd place in 2023 and achieving the highest score ever with 70.94 points.

In addition, the province also continues to assess the competitiveness of departments, branches, sectors and localities to help raise awareness and attitudes in serving people and businesses, change thinking, especially enhance the role and responsibility of heads of agencies, units and localities in improving the investment and business environment, improving the quality of management and operation, aiming at the satisfaction of people and businesses. This is also a solution to build the image of Long An province as a destination with a potential, friendly, equal and safe investment environment in the eyes of investors.

Focus on solutions to attract investment

According to the Department of Planning and Investment, along with attracting domestic investment, in 2024, the province granted investment certificates to 104 FDI projects with newly registered capital of 507.83 million USD, and adjusted capital for 85 projects with 153.68 million USD. Up to now, the province has 1,377 FDI projects with a total registered investment capital of nearly 12.6 billion USD, of which 635 projects have come into operation with a total investment capital of nearly 4.3 billion USD.

Long An continues to affirm itself as a bright spot in attracting investment, especially FDI investment

To achieve that result, in 2024 alone, provincial leaders and departments and branches received and worked with 177 delegations of diplomatic agencies, organizations, domestic and foreign enterprises to work, survey and seek investment opportunities, trade cooperation and cultural exchange, an increase of 57 delegations over the same period.

“In particular, provincial leaders proactively visited many countries around the world to approach and invite large corporations and enterprises to invest in Long An. This is also an important factor creating the attractiveness of the province's investment and business environment, which has been recognized and highly appreciated by the business community,” said Mr. Truong Van Liep.

According to Mr. Liep, in order to continue improving the investment environment, attracting large domestic and foreign enterprises and corporations to invest in the province, in the immediate future, the province will focus on effectively implementing the Provincial Master Plan for the period 2021-2030, with a vision to 2050, ensuring that each step is done with certainty.

In investment promotion, it is necessary to be flexible, creative, focused and specialized to adapt to each market and each time, prioritizing attracting strategic investors with green production. At the same time, the province will focus on preparing conditions to attract investment such as completing the infrastructure of industrial parks and clusters to create clean land funds, training high-quality human resources to meet the requirements of enterprises.

Along with that, the Department is completing a synchronous and diverse database system to help investors easily look up information about investment opportunities in the province. In particular, the province continues to improve the investment environment and maintain high rankings in important indicators such as PCI, PGI, PAPI, PAR Index, SIPAS towards a healthy, equal and transparent investment environment.

“In investment attraction, Long An has a common viewpoint of “always accompanying enterprises”, implementing practical solutions with higher determination, thoroughly resolving bottlenecks, and proactively adapting with enterprises in the new situation. By synchronously and effectively implementing solutions, in the coming time, the Department expects the province to create a new breakthrough in attracting investment capital, contributing to the successful implementation of socio-economic development goals, improving people's lives” - Mr. Truong Van Liep affirmed./.

By Kien Dinh - Translated by Q. Thien

Source: https://baolongan.vn/diem-sang-trong-thu-hut-dau-tu-tru-c-tie-p-nuo-c-ngoa-i-a187392.html