In Long An, FDI enterprises have a good environment for their production and their business activities to become more and more effective.
Long An has a quite favorable geographical location with the industrial development infrastructure being planned and invested, so it is easy to attract enterprises, especially to attract foreign investments. In the first 10 months of 2019, the province granted the certificates to 109 new projects, FDI enterprises with the total newly granted capital of 320 million USD, an increase of 38 enterprises compared to the same period in 2018. Up to now, there are 1,009 FDI enterprises in the province. The total registered capital is USD 6,166 million, of which 576 enterprises are in operation and the total invested capital is USD 3,614 million. The sectors that attract the most FDI capital are garment, footwear, food processing, foodstuff and beverage processing. FDI enterprises are concentrated mainly in the key economic regions of the province such as Duc Hoa, Ben Luc, Can Duoc, Can Giuoc and Tan An City. There are currently about 38 countries and territories investing in the province, of which Taiwan, China, South Korea, Japan and Singapore have the highest number of enterprises.
Chairman of the Provincial People's Committee Tran Van Can affirmed that FDI enterprises play a very important role in the socio-economic development of the province. This is clearly shown that FDI enterprises contribute significantly to the strategy of economic restructuring to the industry - construction and service, infrastructure development, contributing to increasing budget revenue, export turnover, job creation, technology transfer, domestic production and service promotion activities, etc.
Workers are working at Semitec Electronics Co., Ltd. (Tan Kim Industrial Park, Can Giuoc district)
Chairman of the provincial People's Committee Tran Van Can said that in the coming time, Long An would continue to promote the advantage of its geographical position to attract investment, especially FDI enterprises. The government of Long An province continues its best efforts for an open investment environment in order to make Long An become an attractive investment destination, a strong brand in attracting investment in Vietnam./.
Reported by Mai Huong
Translated by Lan Vy