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Thứ 2, Ngày 08/11/2021, 10:00
Potential, investment opportunities in Long An
08/11/2021
Long An has a very special position, both in the Mekong Delta region (the Mekong Delta) and in the Southern key economic region. With many reasonable policies, together with the strategy of attracting investment and building synchronous infrastructure in recent years, the province has become a bright spot in attracting investment, especially foreign investment. At the same time, Long An is expected to become one of the largest economic zones in the South, a model economic zone of Vietnam as well as the region.

7.11.2021 Tiềm năng, cơ hội đầu tư vào Long An.png

Provincial leaders, representatives of domestic and foreign enterprises attended the Seminar "Long An - a friendly and efficient investment destination"

Good land

Long An has a favorable geographical position, located in the Southern Key Economic Zone, the gateway from Ho Chi Minh City and the Southeast to the provinces and cities in the Mekong Delta, with borders, international border gates, and seaports. Promoting those potentials and advantages, along with the close attention and direction of the Government, the support and support of ministries, departments, central branches and friendly provinces and cities, over the years, The Party committee, government and people in the province have made efforts and determination, focusing on promoting economic restructuring towards industrialization and modernization on the basis of science, technology and innovation.

Within the framework of the Seminar "Orientation for the development of high-tech economic zones" organized by the Provincial People's Committee in April 2021, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc excitedly shared, besides the advantages With the advantage of geographical location, the province always pays attention to administrative reform, creating a favorable and open business investment environment. The Provincial Competitiveness Index (PCI) of Long An in recent years has always been in the top 10 of the country.

Particularly in 2020, Long An is honored to rank 3 out of 63 provinces and cities nationwide in terms of PCI. With these important achievements, Long An has had a breakthrough development, rising strongly, becoming one of the dynamic and active localities in the Southern Key Economic Zone, the Mekong Delta region and the whole country.

With quite special advantages, over the years, Long An has also promoted investment attraction promotion in various and flexible forms suitable to the socio-economic situation. Up to now, the province has 13,590 registered enterprises with a total registered capital of 349,430 billion VND. The province attracts 2,113 licensed domestic investment projects with a registered capital of 251,614.8 billion VND; 1,124 FDI projects with total registered investment capital of 9,334.5 million USD, of which 588 projects have been put into operation, accounting for 52.3 percent of total registered projects, with total implemented capital of about 3,624 million USD, reaching 38.8 percent of total registered capital.

FDI projects being invested in the province come from 40 countries and territories: Taiwan, Korea, Japan, Singapore, Thailand, the United States,... Fields attracting foreign investment capital The major ones are the textile and garment industry, the footwear industry, the animal feed processing industry, poultry, aquatic products, food processing, beverage, manufacturing industry, etc. And these FDI projects are concentrated in Vietnam districts of the province's key economic regions, bordering Ho Chi Minh City such as Duc Hoa, Ben Luc, Can Duoc, Can Giuoc and Tan An city.

Exploiting potentials and advantages to attract investment

Director of the Department of Planning and Investment - Huynh Van Son informed that, for many years, Long An has always been one of the leading provinces in the Mekong Delta region and one of the localities attracting many FDI sources across the country. Thereby showing that Long An is having a strong transformation, which is an evidence of a dynamic, active and proactive locality in international exchanges and cooperation activities and seeking development opportunities.

To get this result, it can be said that Long An has taken advantage of many opportunities, exploited the potentials and advantages of the locality to call for and attract domestic and foreign investment. In order to create a competitive advantage compared to other localities, Long An always focuses on improving the investment environment, administrative reform and large investment in infrastructure, connecting the main traffic axes of Ho Chi Minh City, industrial zones, clusters and seaports.

Since then, creating an attractive attraction for investors and businesses to invest, do business and cooperate in trade. In most meetings with businesses, investors and leaders of Long An province commit to always accompany businesses, considering the difficulties of enterprises are also difficulties of the province, the success of enterprises as well local success. Provincial leaders always affirm that they appreciate and are always ready to welcome and create the most favorable conditions for domestic and foreign investors and businesses to develop and succeed together in Long An.

In addition, Long An has a strategic geographical location, abundant industrial land, synchronous transport infrastructure, clear legal policies and above all a dynamic government. From the beginning of 2021 until now, the area of industrial land has increased by 80.06 hectares. The province currently has 22 industrial parks eligible to receive investment, total area 5,067.67 hectares with more than 500  hectares of industrial land ready for lease; in which there are 16 industrial parks in operation with natural land area of 3,776.67 ha, leased land area 2,394.18 hectares, occupancy rate about 89.55 percent.

For the border gate economic zone, there are 2 foreign investment projects with a total investment capital of 75 million USD, covering an area of 21.2  hectares and 2 domestic investment projects with a land leased area of 0.66 hectares. Up to now, there are 22 industrial clusters in operation with the occupancy rate reaching 77.6 percent; attracted 622 projects with the leased land area of 756.4 hectares, the land area ready to receive investment about 251 hectares.

At the same time, Long An has advantages in accessing abundant raw materials to serve the agricultural and food processing industry in the Mekong Delta - a key agricultural production area of Vietnam. Another special thing, from very early on, Long An has focused on planning the construction of industrial zones and clusters to attract investment. With the planning of 35 industrial parks and 62 industrial clusters on an area of nearly 15,000 hectares of industrial land, arranged adjacent to Ho Chi Minh City within a radius of 30-40 kilometers, Long An is always ready to meet the requirements of space, location, infrastructure for investors to deploy production investment and business quickly and conveniently.

In addition, synchronous transport infrastructure is also a great advantage of the locality. Long An has National Highway 1, National Highway N2, National Highway 50, Ho Chi Minh City - Trung Luong Expressway, Ben Luc - Long Thanh Expressway pass through. For many years, the province has also invested heavily in infrastructure, especially transport infrastructure connecting continuously between industrial zones and clusters in the key economic regions of the province to serve industrial development in the province. together. As for navigation, the province has Long An International Port on the mouth of the Soai Rap River. This port has received ships of 30,000 DWT and in the future from 50,000-70,000 DWT. From the above advantages, the investment environment of the province is always open, attractive, safe and effective for investors.

Director of the Department of Planning and Investment - Huynh Van Son said that in addition to focusing on industrial development, Long An also promotes exploiting the potential and advantages of the province to attract and call for investment in the logistics centers project. Long An has planned 6 logistics centers in different areas in the province. In which, in Ben Luc district, there will be 3 logistics centers located in communes: Thanh Phu, Thanh Loi and Luong Hoa with a total area of about 110 hectares.

With logistics center projects, Long An is expected to be an important driving force in promoting socio-economic development of the province; becoming a focal center for logistics activities, creating more favorable conditions for production and business enterprises, expanding international economic relations, promoting domestic and international trade.

Thereby, creating an environment to attract investment, improve the PCI index, make the most of the bilateral trade cooperation contents that Vietnam has signed with countries around the world. From that, it shows that Long An has been and will try to build and perfect a safe and effective investment environment, the golden land to attract domestic and foreign investors, continuing to affirm its position. Location of investment highlights of the region and the whole country.

Up to now, the province has 13,590 registered enterprises with a total registered capital of 349,430 billion VND. The province attracts 2,113 licensed domestic investment projects with a registered capital of  251,614.8 billion VND; 1,124 FDI projects with a total registered investment capital of 9,334.5 million USD, of which 588 projects have been put into operation, accounting for 52.3 percent of the total number of registered projects, with a total implemented capital of about 3,624 million USD with 38.8 percent of total registered capital.

Reported by Mai Huong

Translated by NT

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LONG AN PORTAL
Line Agency: People's Committee of Long An Province
Standing agency: The People's Committee Office​
Direct instruction: Chief of Office of the Provincial People’s Committee – Nguyen Anh Viet
Address: 61 Nguyen Hue, Ward 1, Tan An City, Long An Province
Phone: (0272). 3552489​
Email: vpubnd@longan.gov.vn; webmaster@longan.gov.vn
License No. 01 / GP-TTDT-STTTT dated March 3, 2015 - Department of Information and Communications