Strengthening investment promotion in industrial and economic zones

Attracting investment to increase both number of projects and capital

The Management Board of the Provincial Economic Zone informed that, in the first 9 months of 2023, industrial parks in the province attracted 112 new projects with 73 foreign investment (FDI) projects and 39 domestic (DDI) projects with a total new investment capital of 534.8 million USD and 22,539 billion VND. In addition, there are 66 adjusted capital projects (55 FDI projects with a total capital increase of 93.4 million USD, 11 DDI projects with a total capital increase of 367 billion VND).

Compared to the same period in 2022, the number of new projects increased by 49% and investment capital increased by 57%. To date, industrial parks in the province have attracted 1,846 projects (903 FDI and 943 DDI), investment capital (new and increase investment capital) of 6.2 billion USD and 138,630 billion VND.

The whole province currently has 26 industrial parks qualified to receive investment with an area of 4,278 hectares, of which, the area of leased land is 2,836 hectares, occupied by 66.3%. The area of clean land 26 industrial parks qualified to receive secondary investors is 660.3 hectares.

For the border gate economic zone, there are 2 FDI projects with investment capital of 75 million USD on an area of 21.2 hectares and 2 DDI projects on 0.66 hectares of land.

Industrial parks in the province attracted 1,846 investment projects (In photo: Long An cold storage, Vinh Loc 2 Industrial Park, Ben Luc district, is one of the largest goods preservation warehouses in the Mekong Delta region)

Industrial parks have contributed greatly to the local socio-economic development process. During operation, businesses create jobs for nearly 180,000 workers.

In 2022, businesses in the industrial park paid over 6,000 billion VND to the budget, accounting for about 25% of the provincial budget. In particular, FDI enterprises have created export value of over 1 billion USD, paying nearly 3,000 billion VND to the state budget.

Head of the Provincial Economic Management Board - Le Truong Chinh said that Long An ranks third in the country in terms of industrial park development scale. According to Decision No. 686, dated June 13, 2023 on approving Long An Provincial Master Plan for the period 2021-2030, vision to 2050, the whole province will have 51 industrial parks with a total planning area of 12,433 hectares.

To date, the whole province has 34 industrial parks established with a total area of 9,251 hectares. The province aims to become an industrial center with advanced automation and production by 2030, continuing and spreading the development momentum from Ho Chi Minh City to the Mekong Delta provinces.

With this goal, the province's investment promotion activities are deployed synchronously and effectively, in accordance with the province's socio-economic development planning and orientation, especially to attract businesses to industrial parks and economic zones.

Strengthening administrative reform associated with digital transformation

According to Mr. Le Truong Chinh, the results in attracting investment in industrial parks and economic zones have proven the correct, drastic and creative development orientation of the provincial authorities.

To promote investment attraction, the Provincial Economic Management Board has focused on implementing many solutions to administrative reform, propaganda, and dissemination of the province's views and policies on improving the business investment environment.

In particular, Long An focus on solving administrative procedures, ensuring transparency, speed, compliance with the law and always creating the most favorable conditions for businesses and investors.

In addition, the Provincial Economic Management Board also deploys and implements promotion programs, improving the investment environment, supporting, receiving, and resolving difficulties and problems of businesses.

In particular, the Management Board is the focal point to support businesses with issues related to laws on investment, tax, labor, export, import, compensation, site clearance, and industrial park infrastructure construction, resettlement area for people located in the project.

Industrial parks in the province create jobs for nearly 180,000 workers

According to the Provincial People's Committee, Long An has great potential for industrial development but has not developed as expected. To continue to attract investment in industrial zones on the basis of maximizing the province's potential, strengths and comparative advantages, Long An will prioritize high-tech, advanced, clean and supporting industries.

At the same time, the province prioritizes the development of industry and handicrafts on the basis of not damaging or affecting the environment. Thereby, the province will promote efficiency in attracting investment, selecting quality projects with high added value, using modern and environmentally friendly technology.

The province selects partners and investors, ensuring long-term investment principles in the locality; having a strategy and orientation to expand the market, contributing to improving the competitiveness of domestic consumer products and replacing imported goods; creating many jobs; limiting environmental pollution and saving energy.

Mr. Le Truong Chinh informed that in recent years, scientific research, technology application and innovation have been implemented quickly, widely, effectively and sustainably by the province, thereby effectively serving the local socio-economic development. The Provincial Economic Management Board has implemented digital conversion and application of the management system for all incoming and outgoing documents; digitized all administrative documents; digitally signed all documents, licenses. 100% of administrative procedures are processed online. Businesses can download and use digital signing licenses to store transactions like official documents. The Board also reviewed administrative procedures to ensure the provision of level 4 online public services, giving priority to resolving online applications before the deadline.

Currently, the Provincial Economic Management Board is actively advising the provincial leaders and coordinates with departments, branches and localities with industrial parks to carry out compensation and site clearance work, thereby motivating industrial park investors to promote infrastructure investment, especially attracting large investors and leading investors to take full of the province's advantages as being adjacent to Ho Chi Minh City and locating in a key economic region serving industrial development.

The Board also regularly reviews industrial parks that are slow to implement according to investment certificates to advise the province to handle immediately. In addition, the Board proposed plans to build resettlement areas; proactively coordinate with infrastructure companies and localities to promote site clearance to create a clean land fund; accelerate the social housing development project for to attract and retain workers, further increasing the attractiveness of industrial land in Long An.

With the efforts of all levels of government in the province, in the coming time, with a favorable location, abundant industrial land, preferential policies, and good administrative reform, Long An will continue to be an ideal destination for investors, contributing to realizing the province's sustainable industrial development goals./.

By Mai Huong - Translated by Q.Thien

Source: https://baolongan.vn/tang-cuong-xuc-tien-dau-tu-vao-cac-khu-cong-nghiep-khu-kinh-te-a164984.html