Continue to improve investment and business environment

An effective investment destination

Long An has competitive advantage in rapid and sustainable development, is a reliable and attractive destination for domestic and international investors, especially in the service and tourism industries, creating motivation, pervasive development in the Mekong Delta region and the whole country.

Thereby, the province affirms that investors and partners should be assured of local development for long-term investment and sustainable development plans in this potential land.

The number of businesses coming to learn about and invest in the province increases year by year, contributing to promoting local socio-economic development, solving employment problems and other social security issues.

According to statistics from the Provincial People's Committee, by the end of 2023, the whole province has nearly 17,000 businesses with a total registered capital of 373,087 billion VND; including nearly 13,000 operating enterprises.

The province attracted more than 2,200 domestic projects with registered capital of nearly 300,000 billion VND; 1,245 FDI projects, with the capital of more than 10.6 billion USD, of which 588 projects are in operation, with a total investment capital of more than 3.6 billion USD.

With efforts to restore the economy, reform administration, synchronously implement support solutions and remove difficulties for businesses and investors, the province has had a breakthrough, increasing 6 levels, rising to top 10 provinces and cities with the best PCI in 2022.

The above stats are proof that the province has become an attractive, friendly, safe and effective destination for investors, especially FDI.

According to General Director of Songwol Vina Joint Stock Company - Park Sun Whoan, the company surveyed, studied the environment and decided to invest and operate in Duc Hoa district. The company's operations have met the proposed production and business plans, revenue and profits over the years.

During its operation, the company always receives attention and favorable conditions from local leaders at all levels. This creates trust and peace of mind for businesses. The company produces cotton and fiber towels with a scale of 7,000 tons/year with about 700 employees, total investment capital of 44.5 million USD.

The province creates favorable conditions, promptly grasps and resolves difficulties and problems of businesses, contributing to improving the investment and business environment, promoting socio-economic development (Photo: Workers of Bright Sunshine Vietnam Co. Ltd., Moc Hoa district complete the product to deliver to customers)

Director of Bright Sunshine Vietnam Co. Ltd. (Moc Hoa district) - Leung Pui Ki said: The company has invested in Moc Hoa district since the beginning of 2022. During its operation, the company always receives great support from local leaders.

Currently, the company has a factory scale of more than 11,000 square meters with about 500 employees, operating mainly in the field of manufacturing garment products to serve domestic needs and is expanding and collaborating for export.

Continue to improve the investment environment

According to Director of the Department of Planning and Investment - Truong Van Liep, in recent times, the province has effectively exploited its competitive advantages, promoted the role of regional connectivity, upgraded infrastructure, and reformed administrative procedures; innovated thinking and methods in investment promotion, proactively contacted and provided information to large and potential investors; digitized and publicized information documents about the province; etc.

Synchronous solutions are identified as a strategic breakthrough to strongly improve the business investment environment, helping the province approach domestic and foreign investors.

Domestic and foreign investment promotion activities have been strengthened by the locality. Long An has proactively approached organizations, large investors, and projects consistent with the province's investment attraction orientation. The province successfully organized meetings with diplomatic agencies, business connection conferences, business associations, businessmen and investors associations; organized investment promotion abroad (Japan, Korea, USA, Cuba); etc to introduce the province's investment environment, approach potential investors, attract investment in projects with positive impact on the province's socio-economic development.

The province has successfully organized business dialogue conference operating in key districts of the province to promptly remove difficulties and obstacles and promote the recovery of production and business. In 2023 alone, although there were still many difficulties and challenges, the number of newly established enterprises, FDI projects, and registered capital of domestic and foreign investment projects increased over the same period.

In 2024, the province continues to focus on improving the investment and business environment; well implementing solutions to improve PCI, striving to be among the top in the country; operating the Provincial Public Administration Service Center and district-level Public Administration Centers; improving the quality of handling administrative procedures, and overcoming the overdue situation in handling administrative procedures; evaluating the province's department, sector and local competitiveness index (DDCI).

Besides, the province focuses on promoting activities to attract investment to ensure effectiveness; organizing contact with strong domestic and foreign economic groups and international organizations to take advantage of opportunities to attract investment, and paying attention to attracting large-scale foreign investment projects with modern technology and efficient land use.

The province also maintains monthly dialogues with businesses, closely connecting with Business Associations of countries and territories to promptly grasp and focus on leadership and direction to resolve difficulties and obstacles for business; announce and publicize plans and major investment projects so that businesses, investors and people can get information.

“At the same time, the province continues to promote administrative reform to create an open, transparent, and attractive investment and business environment for investors; promote the removal of difficulties and obstacles in investment procedures, speed up compensation and site clearance for key projects; withdraw ineffective, prolonged projects affecting the investment environment and people's lives" - Mr. Truong Van Liep informed./.

By Chau Son - Translated by Q. Thien

Source: https://baolongan.vn/tiep-tuc-cai-thien-moi-truong-dau-tu-kinh-doanh-a171486.html