Potential, investment opportunities in Long An

Provincial leaders, representatives of domestic and foreign businesses attend the Seminar "Long An - a friendly and efficient investment destination"

Good land

Long An has a favorable geographical position, located in the Southern Key Economic Zone, the gateway from Ho Chi Minh City and the Southeast to the provinces and cities in the MRD region, with borders, international border gates, and seaports. It promotes those potentials and advantages, along with the close attention and direction of the Government, the support and support of ministries, central agencies and branches, over the years, the Party committee, government and people in the province have made efforts and determination, focusing on promoting economic restructuring towards industrialization and modernization on the basis of science, technology and innovation.

Within the framework of the Seminar "Orientation for the development of high-tech economic regions" organized by the Provincial People's Committee in April 2021, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc excitedly shared, in addition to the advantages With the advantage of geographical location, the province always pays attention to administrative reform, creates a favorable and opens business investment environment. The Provincial Competitiveness Index (PCI) of Long An in recent years has always been in the top 10 of the country.

Particularly in 2020, Long An is honored to rank 3 out of 63 provinces and cities nationwide in terms of PCI. With these important achievements, Long An has had a breakthrough development, rising strongly, becoming one of the dynamic and active localities in the Southern Key Economic Zone, the MRD region and the whole country. 

With quite special advantages, over the years, Long An has also promoted investment attraction promotion in diverse and flexible forms suitable to the socio-economic situation. Up to now, the province has 13,590 enterprises registered to establish with a total registered capital of 349,430 billion VND. The province attracts 2,113 licensed domestic investment projects with a registered capital of 251,614.8 billion VND; 1,124 FDI projects with a total registered investment capital of 9,334.5 million USD, of which 588 projects have been put into operation, accounting for 52.3 percent of the total number of registered projects, with a total implemented capital of about 3,624 million USD, reaching 38.8 percent of total registered capital.

FDI projects are investing in the province from 40 countries and territories such as Taiwan, Korea, Japan, Singapore, Thailand, the United States, etc. The fields most-attracting foreign investment are the textile and garment industry, the footwear industry, the animal feed processing industry, poultry, aquatic products, food processing, beverage, manufacturing industry, etc. And these FDI projects are concentrated in the districts. key economic regions of the province, bordering Ho Chi Minh City such as Duc Hoa, Ben Luc, Can Duoc, Can Giuoc and Tan An city.

Exploiting potentials and advantages to attract investment

Director of the Department of Planning and Investment (DPI) - Huynh Van Son informed that Long An has always been one of the leading provinces in the MRD region and one of the localities attracting many FDI sources across the country for many years. Thereby, it shows that Long An is having a strong transformation, which is an evidence of a dynamic, active and proactive locality in international exchange and cooperation activities and seeking development opportunities.

To get this result, it can be said that Long An has taken advantage of many opportunities and exploited the potentials and advantages of the locality to call for and attract domestic and foreign investment. In order to create a competitive advantage compared to other localities, Long An always focuses on improving the investment environment, administrative reform and large investment in infrastructure, connecting the main traffic axes of the city. Ho Chi Minh City, industrial parks and clusters (IPs, ICs) and seaports.

Since then, the province creates an attractive attraction for investors and businesses to invest, do business and cooperate in trade. In most meetings with businesses, investors, leaders of Long An province commit to always accompany businesses, considering the difficulties of enterprises are also difficulties of the province, the success of enterprises is also the success of the locality. Provincial leaders always affirm that they appreciate and are always ready to welcome and create the most favorable conditions for domestic and foreign investors and businesses to jointly develop and succeed in Long An.

In addition, Long An has a strategic geographical location, abundant industrial land, synchronous transport infrastructure, clear legal policies and above all, a dynamic government. From the beginning of 2021 up to now, the area of industrial land has increased by 80.06 hectares. The province currently has 22 IPs eligible to receive investment, total area 5,067.67 hectares with more than 500 hectares of industrial land ready for lease; in which there are 16 operating IPs with natural land area of 3,776.67 hectares, leased land area 2,394.18 hectares, occupancy rate about 89.55 percent.

For the border gate economic zone, there are 2 foreign investment projects with a total investment capital of 75 million USD, with an area of 21.2 hectares and 2 domestic investment projects with a land leased area of 0.66 hectares. Up to now, there are 22 operating ICs with occupancy rate of 77.6 percent; attracted 622 projects with the leased land area of 756.4 hectares, the land area ready to receive investment about 251 hectares.

At the same time, Long An has advantages in accessing abundant raw materials to serve the agricultural and food processing industry in the MRD - a key agricultural production area of Vietnam. Another special thing, from very early on, Long An has focused on planning the construction of IPs, ICs to attract investment. With the planning of 35 IPs and 62 ICs on an area of nearly 15,000 hectares of industrial land, arranged adjacent to Ho Chi Minh City within a radius of 30 - 40 kilometers, Long An is always ready to meet the requirements of space, location and infrastructure for investors to quickly and conveniently deploy investment in production and business.

In addition, synchronous transport infrastructure is also a great advantage of the locality. Long An has National Highway (NH) 1, NH N2, NH 50, Ho Chi Minh City - Trung Luong Expressway, Ben Luc - Long Thanh Expressway pass. For many years, the province has also invested heavily in infrastructure, especially traffic infrastructure connecting continuously between IPs, ICs in key economic regions of the province to serve industrial development in the province. As for navigation traffic, the province has Long An International Port on the mouth of the Soai Rap River. This port has received ships of 30,000DWT and in the future from 50,000-70,000DWT. From the above advantages, the investment environment of the province is always open, attractive, safe and effective for investors.

Director of the Department of Planning and Investment - Huynh Van Son said that Long An also promotes exploiting the potential and advantages of the province to attract and call for investment in a logistics center project in addition to focusing on industrial development. Long An has planned 6 logistics centers in different areas in the province. In which, in Ben Luc district, there will be 3 logistics centers located in communes: Thanh Phu, Thanh Loi and Luong Hoa with a total area of about 110 hectares.

With logistics center projects, Long An is expected to be an important driving force in promoting socio-economic development of the province; it becomes a focal center for logistics activities, creates more favorable conditions for enterprises to produce and do business, expands international economic relations and promotes domestic and international trade.

Thereby, it creates an environment to attract investment, improve the PCI index, make the most of the bilateral trade cooperation contents that Vietnam has signed with countries around the world. From that, it shows that Long An has been and will try to build and perfect a safe and effective investment environment, the golden land to attract domestic and foreign investors, continue to affirm its position of investment highlights of the region and the whole country.

Up to now, the whole province has 13,590 enterprises registered for establishment with a total registered capital of 349,430 billion VND. The province attracts 2,113 licensed domestic investment projects with a registered capital of 251,614.8 billion VND; 1,124 FDI projects with a total registered investment capital of 9,334.5 million USD, of which 588 projects have been put into operation, accounting for 52.3 percent of the total number of registered projects, with a total implemented capital of about 3,624 million USD. 38.8 percent of total registered capital.

By Mai Hương – Translated by Duc Tam

Source: https://baolongan.vn/tiem-nang-co-hoi-dau-tu-vao-long-an-a125132.html