Long An - a friendly and potential investment destination

Creating a friendly investment environment

Long An is the "gateway" connecting Ho Chi Minh City with southwestern provinces. With the advantage of being a strategic location plus diverse resources, the province is becoming an attractive and friendly investment attraction. Recently, Long An was ranked one of the top 10 provinces and cities in attracting FDI in the country, and is one of the leading provinces attracting FDI in the Mekong Delta region. Over the past time, administrative reform has continued to be identified as a key task and issued many guiding documents for synchronous implementation.

Provincial leaders witnessed the signing of a cooperation agreement to train human resources according to Japanese standards and supply labor at the Conference on Promoting Investment Cooperation and Dialogue with Japanese Enterprises

In 9 months of 2022, Chairman of the Provincial People's Committee issued 28 decisions to announce 278 administrative procedures. Of which, 87 new procedures were issued, 119 procedures were revised, 13 procedures were replaced, and 59 procedures were abolished within the scope of state management functions of 14 agencies and units. The number of procedures published on the provincial portal is 1,787 administrative procedures. The province also directed to focus on solving administrative procedures in the electronic environment through online public services at levels 3 and 4, which has connected to the national online payment platform - Paygov (connected with ViettelPay, VNPTPay, Ngan Luong, Payoo).

Long An deployed 873 level 3 and 4 online public services connected the National public services portal (including 157 level 3 services and 716 level 4 services). The integration of online payment service of financial obligations for land administrative procedures of households and individuals on the National public services Portal is also maintained. The province also focuses on deploying and putting into operation the Intelligent Operation Center (IOC) from April 26, 2022; installing and using the App "Long An IOC" for the direction and administration; promoting propaganda and digital platforms to interact between the government, businesses (enterprises), people.

Creating spillovers in attracting investment

With the fierceness of the provincial leaders, for many consecutive years, Long An has been in the group of leading provinces in the country in efforts to administrative reforming, building trust with businesses, creating an open, transparent and competitive business and investment environment. In particular, provincial leaders always create favorable conditions, regularly dialogue and accompany investors throughout the process of researching, implementing projects , production and business activities in the province. This is the leverage that further affirms Long An as an attractive destination to attract domestic and foreign investment.

In the context of the complicated world situation, our country's economy faces many challenges. In Long An, with the efforts of the whole political system, the consensus of the people and the business community, the province achieved many positive results. 9 months of 2022, GRDP gained a growth of 9.43%, exceeding the forecast. Production and business activities in the province gradually gained momentum after being heavily affected by the Covid-19 epidemic. State budget revenue achieved quite good results, over 95% of the estimate. This shows that the policy of socio-economic recovery and development is effective.

The businesses participated in the Conference "Long An promotes investment cooperation and Japanese business dialogue in 2022"

Domestic investment attraction in the province also flourished. In the past 9 months, Long An had 1,275 newly established enterprises, an increase of 26% over the same period. Up to now, the province has 14,924 businesses registered to operate with a total registered capital of 360,266 billion VND. For domestic investment projects, in the past 9 months, the province has granted 77 new projects with a total newly registered capital of over VND 19,500 billion. There are currently 2,178 projects with a registered capital of 220,439 billion VND. For foreign investment, from the beginning of the year to the end of September 2022, the province has granted 43 new projects, with newly granted investment capital of 307.8 million USD. Up to now, the province has 1,152 projects with a capital of 9.9 billion USD; 588 projects have been put into operation with total investment capital of 3.6 billion USD. With the current amount of investment capital, Long An becomes an FDI attraction in the country and is one of the leading provinces to attract FDI in the Mekong Delta region.

According to many experts and international organizations, Long An is facing a golden opportunity to welcome a new wave of foreign investment, especially in economic and industrial zones. Recently, especially in the "new normal" period, after the peak of the Covid-19 epidemic, the province welcomed a series of projects with large capital such as Lotte, VinaCapital, Saigontel, Thai Tuan Hi-tech Complex. ... Most recently, Coca-Cola Vietnam Beverage Co., Ltd officially invested in a factory project with a capital of over 3,100 billion VND on an 19-hectare area. It can be affirmed that the investment environment in Long An is really attractive, fresh, meeting the needs of large, famous and international investors.

In order to spread a beautiful image of the investment environment, the provincial leaders always create favorable conditions for investors during the process of researching, implementing projects, production and business activities. In particular, the province promptly removed difficulties and obstacles for businesses through organizing dialogue conferences, thereby creating trust with domestic and foreign investors. In addition, the province is always focused on improving the investment environment, promoting promotion activities such as the Investment and Trade Promotion Seminar with Korean enterprises; dialogue with Japanese enterprises; received the delegation of the Trade Office of the Austrian Embassy; received and worked with the Consul General of India; etc. The province also organized investment promotion delegations in Korea, Japan, Australia, etc. to promote the image of Long An as a "friendly and rich potential investment destination".

At meetings with businesses, Chairman of the Provincial People's Committee - Nguyen Van Ut affirmed that "Always accompanying businesses is the message of the Long An provincial government". With that spirit, the provincial leaders united, determined to renew their thinking, change the working style of the whole political system, and consistently view enterprises as the driving force of development process for the whole political system. The provincial government appreciates and is always ready to welcome and create the most favorable conditions for investors and businesses to cooperate, develop and succeed in Long An./.

By Mai Huong - Translated by Q. Thien

Source: https://baolongan.vn/long-an-diem-den-dau-tu-than-thien-giau-tiem-nang-a142909.html