Southern key economic region - Economic engine develops dynamically

The Southern key economic region develops dynamically with the largest contribution and is the “economic engine” of the whole country. This is the driving force for the development of each locality in the region.

Long An always improves the investment environment and creates favorable conditions for the operation of enterprises

Driving force for development

On July 19, 2019, the Prime Minister issued Directive No.19/CT-TTg on solutions to enhance and sustainably develop the Southern key economic region. In particular, the Prime Minister asked ministries, central agencies and local authorities in the region to focus on the goals and solutions to promote all potentials and advantages for breakthrough and sustainable development for the whole region.

Besides, the Prime Minister emphasized once again that this is a dynamically developing economic region with the largest contribution proportion of the whole country; the economic structure has shifted in a positive direction, focused on service industries that have the advantage of creating high added value. The region is the largest center of foreign investment attraction in the country with more than 15,000 valid FDI projects, 140 operating industrial and export processing zones, large seaport systems and international airports. These are favorable conditions and the driving force for the development of each locality in the region.

Ho Chi Minh city is the "locomotive" of the whole region. In recent years, the city has continuously developed strongly in all aspects. It is a civilized and modern city in Southeast Asia. According to the Director of the Southern Economic Research Center (under the Institute of Development Strategies, Ministry of Planning and Investment) - Nguyen Nhu Trien, the key economic region is the leading motive economic region, high-quality economic, commercial, cultural, training, scientific research center of the whole country and the area. In particular, Ho Chi Minh city is the center. The localities in the region have many conditions to link to create the driving force for development.

Being a province in the key economic region, Binh Duong is increasingly changing comprehensively, its socio-economic development is constantly developing year by year. According to the Chairman of Binh Duong People's Committee - Tran Thanh Liem, the key economic region is the driving force for the development of localities, including Binh Duong province. In recent years, Binh Duong has always been proactive in improving its investment and business environment in order to encourage businesses to invest and innovate. The province has completed the socio-economic infrastructure system; developed urban - service to make a premise for building Binh Duong to become a smart city.

In 2019, the province has nearly 1,000 more new industrial businesses in operation; many businesses have the number of orders until the end of 2019 increased by 5 - 10 percent over the same period in 2018. The province has more than 40,000 domestic enterprises with a total registered capital of nearly 350,000 billion VND; nearly 3,700 FDI projects with a total registered capital of nearly 35 billion USD.

Currently, Binh Duong continues to focus on administrative reform; applying information technology in managing and resolving administrative procedures for people and businesses. Besides, the province focused on removing obstacles and difficulties; having appropriate solutions to solve complicated and prolonged problems; preventing corruption and wastefulness. At the same time, the province enhances the effectiveness of foreign affairs, international cooperation to contribute to trade promotion, tourism promotion, investment attraction and introducing Binh Duong's image to international friends.

Long An gradually affirms its position

Long An has a favorable position, is a "bridge" between Ho Chi Minh city, the Southeast region and the Mekong Delta region. The province is also in the Southern key economic region. In recent years, the province's socio-economy has been constantly developing and gradually affirmed its position in the key economic region in particular and the whole country in general.

According to the assessment, the province's economic growth rate is higher than the national average. The province has an attractive investment environment due to its favorable geographical position as well as open mechanisms and policies. According to Deputy Director of Dang Huynh Industrial Zones Exploitation and Management Joint Stock Company (investor of Tan Kim Industrial Park (expansion), Tan Kim commune, Can Giuoc district) - Nguyen Van Banh, Long An has a favorable position with basic infrastructure to meet the needs of developing production and business. Besides, the province has many incentive mechanisms and policies to attract investment; the investment environment is always improved and open. The provincial leaders regularly organize dialogues to listen to their aspirations as well as promptly remove obstacles and difficulties for the businesses in the process of operation. Choosing Long An to invest is their right decision.

The economic growth rate of Long An is higher than the national average, the investment environment of the province is also attractive

According to the Vice Chairman of the Provincial People's Committee - Pham Van Canh, the province's socio-economic development has strongly developed over the years. Since 1997, the province has 28 industrial parks and 32 industrial clusters; of which, 16 zones and 21 clusters have been put into operation. The occupancy rate is 89.7 percent for industrial zones, more than 85 percent for industrial clusters. The province attracts more than 1,000 FDI projects, more than 1,900 domestic investment projects. The province has more than 11,000 businesses. The planning for the development of industrial zones and clusters in the province is reasonably distributed, with the advantages of road and waterway and the seaport planning to allow the reception of large ships of about 70,000 tons. Ready-built factory is also a strength of industrial zones in the province.

"Long An has gradually affirmed its position in the Southern key economic region in particular and the whole country in general. With the policy of creating an open, friendly, safe and effective investment environment, the province continues to improve the investment environment; focuses on completing and synchronizing infrastructure; strengthens administrative reform; trains high-quality human resources; creates all favorable conditions for the operation of the businesses. In the coming time, the province's socio-economy will develop stronger and play a certain role in the region and the whole country”- Vice Chairman of the Provincial People's Committee - Pham Van Canh emphasized.

By Thanh My - Translated by Pham Ngan

Source: http://baolongan.vn/vung-kinh-te-trong-diem-phia-nam-dau-tau-kinh-te-ngay-cang-phat-trien-nang-dong-a88766.html