Long An continues administrative reform to attract investments

At the meeting

At Long An end-point bridge, Standing Deputy Secretary of the Provincial Party Committee - Nguyen Van Duoc, leaders of departments, agencies and unions attended.

Chairman of the Provincial People's Committee - Tran Van Can said that the situation of socio-economic development in the first 5 months of the year achieved many positive results. However, the attraction of investment has not met the requirements. Most projects are still small or medium scale. The number of projects in the province decreased compared to the same period in 2018. The main reason is the lack of clean land fund for lease in industrial parks and clusters, while the progress of investment in infrastructure of industrial parks and clusters which have had investment policy is still slow.

Accordingly, in attracting domestic investment, in May, Long An attracted 12 domestic investment projects, with the capital of VND 386 billion; 11 projects reduced capital by VND 794 billion. Cumulatively, from the beginning of the year until now, Long An has granted 107 new projects with the capital of VND 8,411 billion, increased 42 projects and increased VND 3,769 billion in capital over the same period. To date, there are 1,785 projects with a registered capital of VND 212,401 billion.

To date, there are 1,785 projects with a registered capital of VND 212,401 billion

In the field of attracting foreign investment, in May, the province granted new investment certificates to 6 projects with the registered capital of USD 49.2 million; 6 projects were adjusted to increase capital of USD 25.7 million; total new and additional investment capital was USD 74.9 million. From the beginning of the year until now, Long An has granted investment certificates to 45 projects with a registered capital of USD 179.4 million, an increase of 11 projects and a decrease of USD 18 million in capital over the same period. Up to now, the total number of registered projects in the province is 975 projects with a total registered capital of USD 6,106 million, of which 576 projects put into operation, accounting for 59 percent of the total number of registered projects, with a total capital of about USD 3,614 million, reaching 59.1 percent of the total registered capital.

Chairman of the provincial People's Committee - Tran Van Can asked departments, branches and localities to strictly implement the distraint, compensation and ground clearance as well as support investors in legal procedures for major projects to quickly put into operation.

In addition, he asked the Economic Zone Management Board to review and support the ground clearance for infrastructure investors in industrial zones; by the end of 2019, the province will have had at least 4 industrial parks in operation. Besides, all departments, agencies and localities have to effectively implement administrative reforms to attract investors to the province./.

By Mai Huong - Translated by Pham Ngan