Long An reachs top 10 localities attracting large enterprises in 2024

Long An is in top 10 localities attracting large enterprises in 2024

Long An has clear competitive advantages, such as favorable investment environment, strategic geographical location, effective business support policies and administrative reforms. These factors not only contribute to promoting economic growth but also increase the attractiveness of localities to domestic and foreign investors, creating a solid foundation for long-term and comprehensive development.

The province is a key link in the trade and freight transport system between provinces, regions and internationally. Long An prioritizes investment in high-tech industries and renewable energy, promotes service development, especially border trade, to diversify the economy and enhance international economic integration.

The province currently has 19,515 domestic enterprises registered with a total capital of 392,709 billion VND; 2,250 domestic projects with registered capital of 474,578.3 billion VND; 1,377 FDI projects with registered investment capital of nearly 12.6 billion USD, of which 635 projects are in operation, with a total capital of over 4.2 billion USD. The province is also in the top 10 localities attracting FDI in the country.

In addition, Long An has made a breakthrough from 10th place in the PCI rankings in 2022 to 2nd place in 2023 and achieving the highest score ever (increased 8 places). Regarding the Provincial Green Index (PGI) 2023, Long An also made a breakthrough when it increased by 16 places compared to 2022 and ranked 12th. This is the result of the great efforts of the provincial leaders in balancing economic development and sustainable environmental protection, developing a green economy; etc.

In addition, the operation of Long An International Port has created a breakthrough in the development of transport infrastructure, contributing to creating favorable conditions for the business environment, attracting investment and promoting exports.

The ranking of Vietnam Report Magazine is based on the results of independent research and evaluation according to international standards of Vietnam Report. With scientific and objective principles, localities are evaluated based on 3 main criteria: (1) The number of large enterprises in VNR500 (Top 500 Largest Enterprises in Vietnam) in the 2020-2024 period; (2) Attractive and open investment environment, attracting large FDI capital in the 2023-2024 period; (3) Greatly contributing to the country's development in 2023 through State budget revenue and growth rate of Gross Regional Domestic Product (GRDP)./.

By Thanh My - Translated by Q. Thien

Source: https://baolongan.vn/long-an-la-1-trong-10-dia-phuong-hap-dan-doanh-nghiep-lon-nam-2024-a187974.html