Long An: Newly established domestic enterprises increase

In 9 months of 2020, over 1,200 enterprises are newly established in Long An province

Also in 9 months, the province granted investment certificates to 86 domestic projects with registered capital of 9,604 billion VND, 19 projects increased capital 2,258 billion VND, total newly granted capital and increased 11,862 billion VND. Compared to the same period in 2019, newly licensed projects decreased by 81 projects and the registered capital decreased by 7,838 billion VND. Up to now, Long An has 1,998 domestic investment projects licensed with a registered capital of 232,768 billion VND.

Provincial People's Committee issued investment certificates to 64 foreign investment projects with a total registered capital of 246.9 million USD

At the same time, in the past 9 months, the province has granted investment certificates to 64 foreign investment projects with a total registered capital of 246.9 million USD; 53 projects with a total capital increase of 82.7 million USD. The total newly and additionally registered capital is 329.6 million USD; decreased 34 projects and increased 23 million USD of investment capital over the same period. Up to now, the total number of registered projects in the province is 1,076 projects with registered capital of 6,545 million USD; of which 588 projects were put into operation, accounting for 54.6 percent of the total number of registered projects, with a total implemented capital of about 3,624 million USD, reaching 55.3 percent of the total registered capital.

However, due to the difficulties and impacts of the Covid-19 epidemic, 192 enterprises were dissolved in the province, an increase of 36 percent over the same period. At the same time, 269 enterprises were temporarily suspending their business, up 40 percent over the same period.

The province also reviewed the progress of investment projects, withdrew 17 foreign investment projects with a capital of 11.6 million USD and terminated 24 domestic projects with an area of 110.6 hectares; registered investment capital is 1,368 billion VND.

Currently, the Provincial People's Committee is directing provincial departments, branches, and local People's Committees to strengthen the implementation of the Government's Resolution No. 84/NQ-CP dated May 29, 2020 on tasks and solutions to continue to remove difficulties for production and business, promote disbursement of public investment capital and ensure social order and safety in the context of the Covid-19 pandemic.

In addition, the Department of Planning and Investment continues to coordinate relevant units to implement the Government's Resolution on continuing to perform the main tasks and solutions to improve the business environment and improve the national competitiveness and Government Resolutions on business support and development. At the same time, to support and create favorable conditions for investors to quickly deploy projects in the province./.

By Mai Huong – Translated by Duc Tam

Source: https://baolongan.vn/long-an-doanh-nghiep-trong-nuoc-thanh-lap-moi-tang-a104250.html