Continue to improve PCI and investment environment

Efforts to strongly improve the investment environment

In 2023, for the first time, the province reached the finish line with the 2nd position on the national PCI rankings. With 70.94 points, the province's PCI had a spectacular breakthrough, increasing 8 places on the rankings, reaching the highest score ever.

The PCI results also reflect the province's comprehensive efforts in improving the investment environment, becoming a bright spot in attracting large domestic and foreign investors. This also affirms that the quality of economic management at the provincial level continues to improve over time.

The provincial leaders regularly organize dialogues and meetings with businesses to promptly remove difficulties and build an attractive investment environment

According to the Director of the Department of Planning and Investment - Truong Van Liep, immediately after the PCI rankings were announced, the province immediately started implementing solutions to improve PCI. Accordingly, from 2023, the province há implemented the assessment of the District and Department Competitiveness Index (DDCI).

This is an important index built on the basis of the PCI implemented by the Federation of Industry and Trade to assess the economic management capacity of departments, branches, sectors and district-level People's Committees to improve the quality of socio-economic management of the province.

At the same time, this is also the goal set by the Provincial People's Committee for provincial departments, branches, sectors and district-level People's Committees to unite and join hands in reforming and improving the economic management capacity of units and localities, contributing to strongly improving the investment and business environment of the province.

"The implementation of the DDCI assessment is considered a strong step and reform effort of the province towards improving the investment and business environment and enhancing the province's competitiveness in a comprehensive and sustainable manner. Through the survey results and general assessment of the investment and business environment, the majority of enterprises, production and business establishments believe that the investment environment of the province is increasingly improving and the quality of management and operation of departments, branches, sectors and localities continues to have positive changes. This is also an important basis for units and localities to have appropriate adjustment solutions to improve the business environment, towards the ultimate goal of creating a more open and transparent business and investment environment, increasing trust in the government system and increasing the economic development momentum of the province" - Mr. Truong Van Liep said.

Enhance investment promotion activities

Along with implementing the assessment of the DDCI Index, in 2024, the province strengthened domestic and foreign investment promotion activities to promote its potential, advantages, image, and open and attractive investment environment to investors and partners.

According to the Department of Planning and Investment, in recent times, the province has actively implemented investment promotion activities with many synchronous, focused and key solutions and achieved many important results. In investment promotion, the province's orientation is to proactively attract and selectively cooperate in investment, taking quality, efficiency, technology and environmental protection as priority criteria. At the same time, the province focuses on attracting large investors with capital potential and advanced technology to invest in the province's advantageous fields.

In particular, the provincial leaders proactively visit large domestic corporations and investors around the world to and invite them to invest in the province. This is also an important factor in creating an attractive investment environment.

Through investment promotion activities, a series of large domestic and foreign corporations have come to Long An to research, survey and seek investment and business opportunities. Many strategic, potential and reputable investors have implemented projects in the province.

The province currently has 19,515 registered businesses with a total registered capital of 392,709 billion VND

With new and creative ways of promoting investment, in 2024, the province was honored to be in the top 10 most attractive localities for large enterprises. In particular, in 2024, the province had 2,302 new enterprises (an increase of 31.8%) with a total registered capital of 23,233 billion VND, bringing the total number of registered enterprises operating in the province to 19,515 enterprises with a total registered capital of 392,709 billion VND.

Regarding foreign investment, during the year, the province granted certificates to 104 projects with capital of 507.83 million USD; adjusted capital for 85 projects with an increased investment capital of 153.68 million USD. Up to now, the province has 1,377 FDI projects with registered investment capital of 12.6 billion USD, of which 635 projects are in operation, with a total investment capital of 4.213 billion USD.

In particular, in 2024, many industrial and commercial projects with large investment capital started construction, typically the Suntory PepsiCo Vietnam Beverage Factory, Aeon Trade Center in Tan An City, Thai Tuan Textile Finishing Factory, large and model urban areas of Ecopark, Vingroup, etc.

Committed to accompanying and developing with enterprises

With the viewpoint of "Long An Provincial Government continues to accompany and develop with enterprises", in recent times, the province has focused on directing departments, branches and localities to further promote administrative reform, especially in the fields of investment, business registration, land, construction, and environment; promote comprehensive digital transformation, contributing to improving the quality, openness and transparency in providing online public services to serve businesses and investors with increasingly better quality. This is also one of the bright spots demonstrating the province's commitment to accompany and support businesses. In particular, every year, provincial leaders regularly organize conferences to meet businesses, promptly listen to, grasp the thoughts and aspirations, and remove difficulties for businesses.

Chairman of the Provincial People's Committee - Nguyen Van Ut affirmed that, with the viewpoint "Long An Provincial Government continues to accompany and develop together with businesses", the province commits to not be afraid of difficulties to advise, help and support businesses. "Businesses choosing to invest in the province will be supported in legal procedures. For businesses that have invested and are still facing difficulties in administrative procedures and land procedures, we will support and quickly remove difficulties.

If enterprises are operating in production and business, the market is not really stable, the provincial government will continue to support the connection of product supply and demand. This is also a testament to the government's commitment to enterprises" - Mr. Nguyen Van Ut affirmed.

With the synchronous implementation of solutions to improve PCI, accompanying and supporting enterprises, the investment environment of the province is increasingly open and transparent, bringing peace of mind and trust to enterprises and investors, helping the province continue to maintain its position in the top group of the country in attracting investment./.

By Kien Dinh - Translated by Q. Thien

Source: https://baolongan.vn/tiep-tuc-nang-cao-pci-cai-thien-moi-truong-dau-tu-a191112.html