Promoting investment attraction

Long An is currently the "home sweet home" of nearly 17,000 businesses (In photo: Tan Kim industrial park expansion has a occupancy rate of 100%)

Destination for investors

According to Director of the Department of Planning and Investment - Truong Van Liep, in recent times, the province has proactively approached large organizations, investors and projects suitable to the province's investment attraction orientation. In addition, the province successfully organized conferences to meet diplomatic agencies, to connect businesses, business associations, and investors; investment promotion organizations abroad (Japan, Korea, USA, Cuba), etc to introduce the province's investment environment and approach new potential investors.

The province has successfully organized business dialogue conference in key districts of the province to promptly remove difficulties and obstacles of businesses, promote the recovery of production and business; etc.

In 2023, the number of newly established enterprises, FDI projects, and registered capital of domestic and foreign investment projects increased over the same period. The province established 1,928 new enterprises with a total registered capital of 21,703 billion VND. To date, the whole province has nearly 17,000 businesses with a total registered capital of 373,087 billion VND; including nearly 13,000 operating enterprises. For FDI attraction, the province granted investment certificates to 116 projects (an increase of 57 projects), with newly granted investment capital of 594.96 million USD; adjusted capital for 79 projects (an increase of 12 projects), with investment capital increasing by 134.17 million USD. To date, the province has 1,245 FDI projects, with a total capital of more than 10.6 billion USD, of which 588 projects are in operation, total investment capital of more than 3.6 billion USD.

According to Deputy General Director of Idico Corporation (investor of Huu Thanh Industrial Park, Duc Hoa district) - Phan Van Chinh: "We researched and chose Long An to invest. During our operations, we received attention and support from leaders at all levels. The difficulties and problems of businesses are listened to and promptly resolved by local leaders."

Synchronize solutions

Mr. Truong Van Liep informed: "The orientation of the Provincial Master Plan for the period 2021-2030, vision to 2050, striving to build Long An into the center of dynamic, effective and sustainable economic development of the Southern region, becoming a gateway on the urban-industrial economic corridor of the Mekong Delta, connecting Ho Chi Minh City and the Southeast Region, an important trade hub for cooperation with Cambodia; based on green industry, automation, with clean agriculture, high added value, logistics services and eco-tourism". To achieve that goal, the province promotes administrative reform, focusing on improving the capacity and efficiency of administrative apparatus at all levels, building digital government, deploying breakthrough mechanisms and policies in attracting investment, especially serving the development of manufacturing, processing and trading industries, logistics centers and high-tech agriculture.

The province promotes administrative reform to attract investment

In 2024, the province will promote investment attraction to develop modern commercial infrastructure, port services, logistics, etc; call for investment in developing commercial infrastructure, delivery and logistics services according to planning orientations to create motivation for the development of civilized and modern types of commerce; consolidate and promote the role of traditional distribution channels to serve the daily activities of citizens; implement an action plan to improve competitiveness and develop Vietnamese logistics services until 2025; support the effective operation of Long An International Port.

"The province will strengthen, innovate and improve the effectiveness of trade promotion and supports businesses to penetrate new markets, especially high-end markets to diversify export markets; focus on building product brands; support businesses to research and develop high added-value production to diversify export products and actively participate in the global value chain, ensuring annual export growth's efficiency and sustainable development; effectively implement the Border Economic Development Project associated with ensuring national defense and security in the province until 2025, with an orientation to 2035; timely inform about the world market, policy changes, technical barriers in trade, market trading practices, and the content of free trade agreements that Vietnam has signed for businesses to take advantage of preferential tariffs, improve competitiveness, promote exports, and develop markets" - Mr. Truong Van Liep informed./.

By Thanh My - Translated by Q. Thien

Source: https://baolongan.vn/day-manh-thu-hut-dau-tu-a169708.html