Land fund expanded to attract investors

Perspective of An Nhut Tan Industrial Park

The whole province has 32 IPs which were added by the PM to the development plan of IPs in Vietnam in 2015 and with a vision to 2020 with a total area of 11,523 hectares. There are 16 IPs in operation with a total planned area of nearly 3,800 hectares, industrial land area that can be leased more than 2,651 hectares, the leased industrial land area is nearly 2,350 hectares, filled with 88.4 percent.

According to statistics, 1,635 investment projects in IPs have been put into operation with a total investment capital of over 4.7 billion USD and more than 92,000 billion VND. Enterprises operating in the IP have contributed nearly 3,900 billion VND to the budget, creating jobs for more than 148,000 workers.

Head of the Provincial Economic Zone Authority - Nguyen Thanh Thanh said: "Facing the fact that the land fund eligible for lease in the IPs is few, the province is focusing on promoting infrastructure investors to invest in building and completing the planned IPs to attract investment".

In 2020, the province had 4 projects of IPS started their construction, including Viet Phat IP (Thu Thua), Duc Hoa III - Slico IP (Duc Hoa), IDICO - Huu Thanh IP (Duc Hoa) and An Nhut Tan IP (Tan Tru).

For example, Duc Hoa III - Slico IP Project invested by Sai Gon - Long An IP Infrastructure Business Construction Investment Joint Stock Company and Minh Duc Long An Investment and Development Joint Stock Company is a business and development unit. Accordingly, Duc Hoa III - Slico IP Project has a total area of nearly 196 hectares, is the 3rd largest IP out of 13 component IPs in Duc Hoa III IP. Currently, the project is deployed to build infrastructure for the whole area as planned to start re-leasing infrastructure in 2021.

Chairman of the Board of Directors of Minh Duc L.A Investment and Development Joint Stock Company - Duong Ngoc Hao said that, besides the advantage of being in 1 of the 4 districts that are prioritized for industrial development in Long An province, Duc Hoa III - Slico IP is also adjacent to the Northwest Cu Chi Urban Area of Ho Chi Minh City. These are extremely important advantages for industrial development and attracting investors.

IDICO - Huu Thanh IP Project (Duc Hoa district) has a total area of 524 hectares; in which, there are nearly 400 hectares of industrial land for lease. Currently, the investor has completed legal procedures and is speeding up construction investment. Items such as leveling, main roads, internal roads are being constructed by contractors. Director of IDICO IPs Management Board, IDICO Corporation - Nguyen Vu Minh Hong said: "Last time, the company focused on removing a few problems in site clearance and accelerating the implementation and implementation of the project, trying to the end of quarter II/2021 will be eligible to receive secondary investors".

Meanwhile, An Nhut Tan IP project in Tan Tru district with an area of 120 hectares transferred after more than 10 years and had to convert investors, ground clearance problems and compensation have been basically solved over the time, it is speeding up the construction. It is expected that industrial land will be leased back around the beginning of the second quarter of 2021. The project development target is high-tech IP and sustainable development with modern factories, ensuring green and sustainable development.

According to Mr. Nguyen Thanh Thanh, it is expected that the province will have an additional 1,500 hectares of clean land in the IPs to attract investment in 2021, to catch the investment wave in the area.

In addition to some projects under construction as above, at the end of March 2021, the project of Phuoc Dong Bridge  and Wharf IP in Can Duoc district, invested by IMG Phuoc Dong, was inaugurated. This IP covers an area of nearly 129 hectares, including more than 92 hectares of industrial land including ready-built factories and warehouses.

The deployment of IP infrastructure is being urged to implement

Chairman of the Board of Directors IMG Company - Le Tu Minh said that Phuoc Dong Bridge and Wharf IP is located in a convenient traffic location both in terms of road and waterway. On the road, there is Provincial Road (PR) 826B going through the project, connecting National Highway (NH) 50, Ho Chi Minh City and Mekong River Delta provinces. In terms of waterways, this area possesses a length of more than 3 kilometers adjacent to Vam Co river and the future wharf.

About the province's information for investment attraction, at the inauguration of Phuoc Dong Bridge and Wharf IP, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc emphasized that the province has a favorable geographical location, located in the economic region key to the South, gateway from Ho Chi Minh City and Southeast to provinces and cities in the Mekong River Delta; borders, international border gates, seaports, etc. Those are very favorable factors to attract investors. Over the past years, the province has focused on promoting economic restructuring towards industrialization and modernization, using industrial, trade - service and urban development as the driving force for development.

The province is always interested in administrative reform, creating a favorable business investment environment for enterprises and investors to operate in production and business. At the same time, the province is also interested in urging infrastructure investors to invest in the construction of complete IPs and clusters that are planned to attract investment. Up to now, the province has more than 2,000 domestic investment projects licensed with a registered capital of more than 244,900 billion VND and 1,100 FDI projects from 40 countries and territories, with a total investment of nearly 6.1 billion USD, over 12,900 enterprises in operation with a total registered capital of over 334,340 billion VND.

With the throughout motto of "the province always accompanies with businesses, considers the difficulties of enterprises as the ones of the province", Long An affirms that it is very respectfully and is always ready to welcome, as well as creates all the most favorable conditions for investor to produce and do business" - Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc confirmed./.

By Vu Quang – Translated by Duc Tam

Source: https://baolongan.vn/mo-rong-quy-dat-thu-hut-nha-dau-tu-a112408.html