Long An always create favorable conditions for FDI enterprises to invest and operate

Attracting more than 11.2 billion USD in FDI capital 

According to Director of the Department of Planning and Investment - Truong Van Liep, the province has many advantages in attracting investment, being the gateway to the Mekong Delta region, bordering Ho Chi Minh City, connecting the South Eastern and South Western regions; having relatively large area of ​​industrial land available for rent, convenient sea and road infrastructure system, many national highways and expressways passing through; the province always focuses on upgrading roads traffic to serve socio-economic development as well as attract investment.

Besides, the province has many policies to support and accompany businesses, considering businesses' difficulties as the province's difficulties. Thanks to a reasonable investment attraction strategy, the province becomes a bright spot and a destination for investors.

In particular, since the province was licensed by the Ministry of Planning and Investment for the first FDI project, up to now, the province is one of the top localities in the country in attracting investment, especially FDI. Since the 2000s, FDI investors have really begun to pay attention to Long An. During the period 2005-2006, the province attracted nearly 100 FDI projects with a total registered capital of 400 million dollars. These are the bricks that lay a solid foundation to attract FDI investment in the future.

During the development process, the province's investment attraction increased sharply, especially FDI investors constantly increasing both in number of projects and capital. These FDI projects come from 40 countries and territories, mainly concentrated in the key economic zones. As of the end of May 2024, the total number of FDI projects registered in the province is 1,301 projects, with investment capital of more than 11.2 billion USD, of which 635 projects are in operation, with investment capital of more than 4.2 billion USD.

For many years, Long An has always been one of the leading provinces in the Mekong Delta and among the top localities attracting the most FDI capital in the country. This proves that Long An is having a strong transformation, becoming a dynamic, positive and proactive locality in international exchange, cooperation and in seeking development opportunities.

Top FDI investors in Long An According to Long An Department of Planning and Investment, currently, foreign direct investment in the province comes from 40 countries and territories around the world.

Always facilitating the investment process

Throughout the local development process, provincial leaders always pay attention, promptly listen and grasp the difficulties and problems of FDI enterprises to proactively find effective solutions, contributing to creating peace of mind for businesses to come, invest and operate in the area.

To date, the province has attracted 1,301 FDI projects, with capital of more than 11.2 billion USD (Photo: Workers of Nguyen Khoi Toan Loc Co. Ltd. (Ben Luc district) ensuring product completion progress to delivered to customers according to contract)

According to the representative of Nguyen Khoi Toan Loc Company Limited (Ben Luc district, 100% capital from Taiwan) - SuJhiHan, the company clearly understood the environment and decided to invest and operate in Long An since 2016. They found this to be the right decision. Long An has a favorable geographical location, provincial and district leaders always create the best conditions for businesses to operate. The company has 2 projects with capital of 20 million USD, operating in the field of shoe sole manufacturing with about 800 employees. Currently, because transportation infrastructure still has limitations, the company hope local leaders will continue to pay attention, upgrade and expand to make the trade process more effective.

According to the representative of Bright Sunshine Vietnam Co. Ltd. (Moc Hoa district, 100% capital from Hong Kong) - Leung Pui Ki, investing in Long An for about 2 years, problems arise during the production and business process are always listened to and resolved by provincial and district leaders. They highly appreciate the way the government works. Currently, the company has a factory scale of more than 11,000 square meters with about 500 workers and are planning to expand its scale, but recruiting workers has certain difficulties. They hope the locality will provide more support in this matter. Besides, National Highway 62 is still quite small, narrow, affecting traffic as well as transport of goods.The company hope that all levels and sectors will soon have solutions to upgrade and expand to serve the development needs of localities, people and businesses.

At the dialogue with FDI enterprises on May 29, 2024, Chairman of Long An Provincial People's Committee affirmed that accompanying businesses is a real viewpoint, not just empty words but concrete actions. The proof is that Long An's PCI in 2023 ranked 2nd out of 63 provinces and cities nationwide and increased 8 places compared to 2022. The Provincial People's Committee always listens, promptly grasps and has solutions to remove problems and difficulties for businesses in the investment and operation process. The province directs departments and branches to immediately remove recommendations from businesses according to their authority. The Department of Planning and Investment acts as the focal point to receive information, suggestions and recommendations from businesses, and is responsible for monitoring, urging, and promptly synthesizing reports to the Provincial People's Committee and providing feedback to businesses so that investors can feel secure when investing in Long An.

“Provincial leaders hope that businesses and FDI investors will understand and share with the province's difficulties; coordinate more closely with the provincial government to accelerate project implementation, promotinf the effectiveness and value of investment projects" - Mr. Nguyen Van Ut emphasized./.

By Chau Son - Translated by Q. Thien

Source: https://baolongan.vn/luon-tao-dieu-kien-thuan-loi-de-doanh-nghiep-fdi-dau-tu-hoat-dong-a177801.html