FDI capital 'pouring' in Long An

Provincial leaders regularly dialogue to remove difficulties and obstacles of enterprises (Photo: Standing Deputy Secretary of the Provincial Party Committee - Nguyen Thanh Hai and representatives of leaders of departments, branches, and localities visit Kizuna JV Joint Stock Company (Can Giuoc district))

Transparent, safe and attractive investment destination

According to Director of the Department of Planning and Investment - Truong Van Liep, Long An exploits well the potentials and advantages of the locality's location, focuses on synchronous investment, completes infrastructure, improves the quality of human resources, has many reasonable and correct policies, therby creating favorable conditions for investors to confidently develop projects, promoting production and business activities.

Comments and assessments of the business community both domestically and internationally show that Long An has a transparent and safe investment environment, the provincial leaders are friendly, sincere and always accompany businesses in a substantial way. This result proves that all enterprises investing in Long An are equal, receive timely support and enjoy full policies according to regulations, without discrimination between domestic and foreign enterprises, etc, further affirming the province's open, safe and effective investment environment, contributing to attracting many investors to invest and successfully implement projects.

Representative of Bourbon Ben Luc Joint Stock Company - Dang Ba Chau said: "We are an FDI enterprise from France and have invested in Long An for about 25 years. The company has always received active support from provincial and local leaders: the policies are implemented quickly and fully by the province, the procedures are public and transparent for enterprises to grasp and access. Especially, the improved and upgraded traffic infrastructure helps the company better meeting the development requirements of the locality as well as of enterprises. Bourbon Ben Luc see that Long An is a safe and effective investment destination. Currently, the company's main business activities are port exploitation, port services, loading and unloading of import and export goods and warehouse services with nearly 200 employees".

Representative of Kizuna JV Joint Stock Company (Can Giuoc district) - Doan Hong Dung, a Japanese-invested enterprise specializing in factories and accompanying utilities, said: "We find that investing in Long An is the right decision because of many favorable factors in terms of location, infrastructure, etc. In particular, during the operation process, the enterprise always receives the support and attention of local leaders, creating trust and peace of mind in production".

Ranking top in FDI attraction

Director of the Department of Planning and Investment - Truong Van Liep informed: According to the statistics of the Foreign Investment Agency, by June 2024, the province's FDI attraction accounted for more than 70% of the total number of projects and more than 38% of the registered capital of the Mekong Delta region. In the first 9 months of 2024, the province granted investment certificates to 78 FDI projects with registered capital of more than 475 million USD, and adjusted the capital of 66 projects with 165.23 million USD. Up to now, the province has received an investment capital of more than 12.4 billion USD from 41 countries and territories with 1,349 FDI projects. With this result, Long An maintains its position in the top 10 of the country in FDI attraction.

This proves that Long An's investment environment is truly attractive and creates confidence among FDI investors. In recent times, investment promotion combined with domestic and international communication and promotion has been vigorously implemented. In particular, provincial leaders directly promote investment in key markets, proactively invite large corporations and enterprises to invest in Long An. With a proactive spirit of international integration, Long An has established friendly and cooperative relations with 11 localities of 7 countries. The initial cooperation agreements have been effective in all fields, attracting resources, absorbing science - technology, advanced technology, joint ventures, and associations to improve competitiveness.

Long An has received investment capital of more than 12.4 billion USD from 41 countries and territories with 1,349 FDI projects (Photo: Workers of Bourbon Ben Luc Joint Stock Company during the working shift)

The effectiveness of innovative and flexible investment promotion strategies and practical, focused business support has brought positive results. The province has received many large-capital FDI projects, focusing on high-value-added sectors, helping Long An not only shift its economic structure towards industrialization but also grow rapidly in a sustainable direction, showing in the construction of many projects of major brands such as Coca, Thai Tuan, Aeon, Pepsi, etc.

In order to promote the achieved results, in the coming time, the province will continue to flexibly implement investment promotion strategies suitable to the context of globalization; focus on effectively implementing the Provincial Planning for the period 2021-2030, with a vision to 2050, to maximize the potential and advantages of the province; prioritize attracting strategic investors to invest in green industries, renewable energy, circular economic model; develop carbon credit market, reduce greenhouse gas emissions, contributing large revenue to the budget; complete the construction of a digital data warehouse, develop a synchronous and diverse database system to help investors easily look up information about investment opportunities in the province; strengthen coordination with central investment promotion agencies, Vietnamese diplomatic agencies abroad and foreign agencies in Vietnam to access strategic markets and large investors to attract investment; create a breakthrough in administrative reform, improve the quality of the investment and business environment, creating favorable conditions for economic sectors, ensuring healthy, equal, transparent, safe and stable competition.

“With the advantage of being the first locality in the Southern region to have its provincial master plan approved, Long An is focusing on innovating the growth model, enhancing the position and prestige of the province with other localities in the country and internationally; preparing the necessary conditions, especially land, infrastructure, and human resources to attract multinational corporations. As Long An's PCI holds the runner-up position in 2023, with timely and receptive solutions to create trust with investors, the province hopes to welcome new waves and new opportunities, contributing to improving the province's investment attraction efficiency, including FDI” - Mr. Truong Van Liep emphasized./.

By Chau Son - Translated by Q. Thien

Source: https://baolongan.vn/dong-von-fdi-do-bo-long-an-a185034.html