The promised land for investors

Long An is currently the home of 16,200 enterprises

Many favorable conditions for investors

Long An is the only province located in the intersection connecting the Mekong Delta and the Southeast regions. Geo-economic advantages make Long An a gateway on the urban-industrial economic corridor of the Mekong Delta, closely connected with Ho Chi Minh City and the Southeast region, an important trade hub with Cambodia for fast and sustainable socio-economic development.

With the effort in economic recovery, administrative reform, synchronous implementation of support solutions to remove difficulties for businesses and investors, the province has made significant progress when increasing 6 ranks to the top 10 of provinces and cities with the best Provincial Competitiveness Index (PCI) in 2022. This result shows the province's great determination in improving the business and investment environment. .

According to the investor of Huu Thanh Industrial Park (Duc Hoa district) - Dang Chinh Trung, the company surveyed and studied the environment and chose Long An to invest and operate. The province's environment makes enterprises feel secure to develop production and business. The company is facilitated by the province during its operation as well as in attracting secondary investors. Enterprises' problems were listened to and promptly resolved by the leaders. This further strengthens the confidence of enterprise in the province's guidelines and policies. Currently, the company has basically completed the infrastructure and started receiving investment. The whole Industrial Park covers an area of over 500 hectares.

In addition, the Long An Provincial Masterplan for the period of 2021 - 2030, with a vision to 2050, just approved by the Prime Minister, is the foundation for calling and attracting investors. Currently, the province is focusing on effectively promoting the socio-economic infrastructure system; investing and upgrading them synchronously and modernly, especially transport infrastructure capable of inter-regional and inter-provincial connectivity.

The coming period is the "golden" time for the transport infrastructure in the province to have a breakthrough, especially the inter-regional transport infrastructure. This is also an opportunity for the province to attract large domestic and foreign investors, contributing to turning Long An into a dynamic, efficient and sustainable economic center of the southern region by 2030.

Striving to keep PCI on top

Thanks to the right guidelines and creative decisions, Long An is developing comprehensively. The province's economic scale in recent years ranks first in the Mekong Delta region; economic is restructuring towards industrialization and modernization; industry and construction of the province account for over 50% of the economic structure. Social security is guaranteed, people's living standards are constantly being improved. The political situation and social order are stable. Trade, investment and international integration have been promoted, achieving many positive results.

In the coming time, the province will focus on synchronously implementing solutions for development, striving to be a dynamic, efficient and sustainable economic center of the Mekong Delta region based on the available potentials and advantages. According to Acting Director of the Department of Planning and Investment - Truong Van Liep, the investment attraction of the province achieved many important results. Long An is a "bright spot" in terms of investment attraction, especially FDI investment.

However, investment attraction into the province still faces many difficulties such as the Provincial Masterplan for the period of 2021 - 2030, with a vision to 2050, which has just been approved, has not been implemented in time, some plans have not been reviewed, timely adjustment according to the provincial planning; infrastructure is invested but is in the process of completion, not completely meeting the requirements for development; human resources are still limited, especially high-quality human resources, which have not yet met the demand for high-tech labor and management labor. Legal aid services, consultancy, land access support, etc are sometimes not timely, affecting the investment environment of the province.

In 2023, the province is determined and strives to achieve a higher rank in the PCI rankings. First of all, the province constantly improves the awareness from leaders and managers to civil servants and public employees who directly or indirectly participate in performing tasks related to enterprises, people.

At the same time, the province effectively implements practical solutions to solve the limitations in attracting and receiving investment; in which, focusing on improving indicators such as access to land, informal costs, administrative reform, especially speeding up the progress of solving difficulties and problems for businesses, attracting investment to the province, strives for Long An's position on the PCI ranking to always remain in the top of the country sustainably./.

By Chau Son - Translated by Q. Thien

Source: https://baolongan.vn/dat-lanh-cho-nha-dau-tu-a161185.html