Long An: FDI over 292 million USD in first 8 months of 2019

The provincial leaders met and learned about production and business activities at Songwol Vina Joint Stock Company (in Tan Duc Industrial Park)

Up to now, the total number of registered FDI projects in the province has been 994 projects, with registered capital of over 6.1 billion USD. Currently, there are 576 FDI projects in operation with a total implemented capital of about 3.6 billion USD.

With the above results, Long An has always been the leading province in the Mekong River Delta region and one of the localities in the top FDI attraction in the country for many years.

Workers working at Semitec Electronics Vietnam Co., Ltd. (in Tan Kim Industrial Park)

Long An has 38 countries and territories investing in the province. In particular, investors from Taiwan, Korea, Japan, China, Thailand, USA, Singapore, Malaysia, and so on account for a large number.

Sectors attracting large foreign investment such fields as garment, footwear, food processing, food and beverage processing. These FDI projects are concentrated in the key economic regions of the province, bordering with Ho Chi Minh City such districts as Duc Hoa, Ben Luc, Can Duoc, Can Giuoc and Tan An City.

With the above results, Long An province has been able to promote its potentials and advantages in a strategic geographical position and clear legal policies. Many investors commented that the provincial leaders were very active in dealing with the enterprises’ procedures and problems, so they had widespread and plus points to call for and attract domestic and foreign investment.

This is a remarkable result because Long An province has focused on building traffic infrastructure, completing infrastructure of industrial parks and clusters, implementing tax policies and procedures, simple and clear administrative procedures in recent years. However, Long An province does not attract FDI projects at all costs, the province attracts projects associated with environmental protection requirements.

Currently, the province strengthens the management of FDI projects, effectively using FDI capital for the goals of sustainable development. Over the past 8 months, the provincial functional departments have intensified in reviewing the progress of investment projects, thereby it revokes 23 foreign investment projects with a capital of 110 million USD and terminating operation of 55 domestic projects, with the area of 1,851 hectares./.

By Mai Huong – Translated by Duc Tam

Source: http://baolongan.vn/8-thang-nam-2019-long-an-thu-hut-von-dau-tu-tu-doanh-nghiep-fdi-tren-292-trieu-usd-a81712.html