Strengthen investment promotion from abroad

Provincial leaders participate in investment promotion in Japan

Flexibility and initiative in promotion activities

Thanks to the available advantages and the drastic reform of the investment and business environment, Long An has become a bright spot in attracting foreign investment (FDI). Currently, the province is one of the 10 leading localities nationwide in attracting FDI. In 10 months of 2022, the province attracts 48 new projects with investment capital of 321 million USD; 59 projects increased capital by 274 million USD. Up to now, the province has 1,155 FDI projects with registered capital of nearly 9.98 billion USD, coming from 36 countries and territories. Of which, 588 projects have been put into operation with total investment capital of over 3.6 billion USD. In the past time, in addition to increasing the number and total investment, high-tech projects also account for the majority. This result clearly shows that Long An is being evaluated as an "attractive destination" for investors.

Chairman of the Provincial People's Committee - Nguyen Van Ut affirmed that in order to continue to be an attractive investment destination, the province constantly has comprehensive and synchronous solutions to drastically improve the investment and business environment and enhance the capacity of the province. competition to attract strategic investors. In addition to promoting investment locally, recently, the province has organized foreign investment promotion activities to welcome the investment wave, find potential investors, and select enterprises that are suitable with priority industries in attracting investment and development orientation of the province.

Vietnam and Japan have built a good relationship on the basis of the close friendship between the two peoples. Particularly, Long An province has actively implemented many programs to strengthen and tighten cooperation relationships with Japanese localities, organizations and enterprises in various fields. The province has organized delegations of leaders to visit, work and promote investment in prefectures and cities of Japan. As a result, the province signed a joint statement with Hyogo prefecture on development cooperation in such areas as trade promotion, investment, tourism, supporting industries, logistics services, human resource training; thematic cooperation agreement with Ibaraki Prefecture on the development and supply of labor resources.

In September 2022, the provincial delegation visited, worked and held the Investment Promotion Conference of Long An in Tokyo. This is an opportunity for provincial leaders and businesses to directly meet and exchange with Japanese localities and businesses. Thereby, the province introduced its potential, strengths and desire to expand cooperation with Japanese localities in order to promote cooperation and mutual development. Besides, the provincial delegation has visited Korea and Australia to promote investment and connect trade.

Provincial leaders work with Ambassador Extraordinary and Plenipotentiary of Vietnam in Japan (Photo: Vu Hong Nam)

According to Mr. Nguyen Van Ut, the business trips abroad initially brought positive signals when a series of large corporations and investors came to learn and survey investment positions for large projects. The areas that FDI investors are interested in are urban, commercial and service complexes combining resort villas and golf courses; complexes including supermarkets, entertainment and entertainment systems such as STS Development Investment Group, Yoosin Group, Lotte Group (Korea).

During these business trips, the province also signed cooperation agreements and specific cooperation memorandums with local agencies, organizations and localities; agreements between the province's enterprises and foreign partners in areas such as labor supply cooperation; contracts to supply dyeing and printing equipment and technology; memorandum of understanding on investment cooperation in Thuan Dao Industrial Park (with Japanese partners); strategic partnership contract on planning - architecture and technology consulting for the Phuoc Dong smart urban area project as well as planning, architecture and technology consulting for the Phuoc Dong Industrial Park project with an Australian partner.

Mr. Nguyen Van Ut said that it is expected that in early December 2022, the province will coordinate with the Korea Federation of Small and Medium Enterprises (KBIZ) to organize a meeting and investment promotion with Korean enterprises in Da Nang City. This event aims to connect Korean investors to learn and invest in Long An in areas such as transport infrastructure, training and supplying high-quality labor, development and construction of social housing; to attract investment in industries with advanced technology into industrial zones of the province.

Businesses have highly appreciated

Vietnam is receiving a wave of investment shift from foreign enterprises. The province meets all the factors to attract investment. The investment environment of the province also creates confidence for domestic and foreign enterprises. Especially, over the past time, FDI enterprises have made many important contributions to the socio-economic development of the locality.

At the groundbreaking ceremony of Coca-Cola Vietnam Beverage Co., Ltd.'s factory in Phu An Thanh Industrial Park (Ben Luc District), Chairman of Coca-Cola Bottling Investments Group - Murat Ozgel expressed his impression of the investment environment in Long An. In particular, the provincial government has simplified administrative procedures to help the company get an investment registration certificate within a day.

The Kizuna factory of CJ Foods Vietnam Company was built in Tan Kim Industrial Park (Can Giuoc District) when the Covid-19 epidemic broke out for the 4th time. According to Production Director and Vice President of CJ Foods Vietnam - Park Young Ju, thanks to the support of local authorities, the factory was completed and put into use in early 2022. Therefore, the enterprises have better conditions to organize production and business. CJ Foods Vietnam is committed to being a sustainable development enterprise in the province.

According to Mr. Nguyen Van Ut, in order to continue to attract more FDI into Long An, he province will actively monitor and evaluate the trend of shifting foreign investment flows into Vietnam from a number of countries in the region to select and attract high-quality FDI enterprises. At the same time, the province has prepared the land fund, human resources and necessary technical infrastructure to receive the shifting FDI inflows; reinvest in the strong recovery of the economy after the pandemic. The province will prioritize attracting foreign investment with large corporations as well as small and medium-sized enterprises, ensuring technology conditions, participating in production and linking global value supply chains, improving capacity production of the economy, developing new industries and occupations, creating more jobs./.

By Mai Huong - Translated by P.Ngan

Source: https://baolongan.vn/tang-cuo-ng-xuc-tien-dau-tu-tu-nuoc-ngoai-a145820.html