The marks of success and breakthroughs

Throughout the socio-economic development journey of Long An, the private economic sector is an important growth driver. This sector has made extremely impressive marks, affirming its position through outstanding growth in quantity, capital scale, contributing greatly to GRDP, the state budget and creating many jobs.

This growth not only changes the economic face of the province but also improves people's lives, promotes economic restructuring towards industrialization and modernization, creating a solid foundation for the sustainable development of Long An in the future.

Impressive transformation

The private economic sector of Long An province has recorded spectacular growth, becoming a key driving force in the local economic picture. The province's GRDP per capita has grown impressively, from 29.56 million VND in 2011 to 107.3 million VND in 2024.

By March 2025, the province had 19,515 private enterprises with a total registered capital of 392,709 billion VND, approaching the target of 20,000 enterprises. This growth affirms the increasingly important role of the private economic sector with the strategic goal of contributing 70% of the province's GRDP by 2025 and 75% by 2030. These figures show great confidence and expectations in this dynamic economic sector.

The 4th Congress of the Long An Provincial Business Association is not only a milestone but also a commitment for a new journey: Continuing to be the leading flag, leading the private economic sector to break through, integrate and make great contributions to the common development

Along with GRDP growth, this economic sector also makes an impressive contribution to the state budget with 20,159 billion VND in 2023 and 25,800 billion VND in 2024, in which private economic sector plays a leading role. Not only that, this sector is also the common home of a large number of workers, estimated to have created jobs for about 212,000 people in industrial parks in 2024 - (this number is expected to increase to 305,000 people by 2030), making an important contribution to ensuring social security.

Long An's remarkable rise in competitiveness rankings (PCI ranked 2nd nationwide in 2023, 3rd in 2024) has added momentum to private economic sector. These achievements not only recognize the efforts of the business community but also reflect the effectiveness of reform policies, the accompaniment and practical support from the provincial government, creating an increasingly attractive and favorable investment and business environment.

In addition, the strong development of the infrastructure system, especially the network of industrial parks, has created a solid launching pad for this development. The whole province currently has 37 planned industrial parks with a total area of nearly 13,000 hectares, of which 18 industrial parks have been put into stable operation with an average occupancy rate of over 86%.

These industrial parks are not only a magnet attracting a large amount of foreign direct investment (FDI), putting Long An in the top 10 localities nationwide in attracting FDI, but also creating hundreds of thousands of jobs, strongly promoting the urbanization process and the development of supporting service industries.

However, one of the issues that needs to continue to receive close attention is how domestic private enterprises, especially small and medium enterprises, can maximize the advantages of these industrial parks to develop more strongly, participate more deeply and widely in value supply chains and improve competitiveness in the market.

Typical enterprises

Contributing to the brilliant success of Long An Economic Zone are the unceasing efforts of thousands of enterprises, including names that have risen to become leading birds, leading and inspiring the whole community.

Dong Tam Group is a prominent example. With a long history, this group has affirmed its solid position in many core areas such as construction materials, interior and exterior decoration, real estate, investment in industrial park development - services - urban areas. In particular, the investment and development of Long An International Port has opened up a strategic direction, not only improving the transportation and logistics capacity of the province but also creating development momentum for the entire Southern Key Economic Zone.

The development of Dong Tam Group is not only reflected in its scale but also in the creation of a diverse ecosystem of products and services, meeting the increasing demands of the market.

Long An International Port - a pioneering symbol of the private economy and a bridge for international trade

In the field of investment in developing industrial park infrastructure, Hai Son Company Limited has made important contributions, creating modern industrial parks, becoming attractive destinations for investors and providing stable jobs for thousands of workers. The real estate sector has also witnessed the strong rise of private enterprises such as Thang Loi Group.

With a series of large-scale projects, with thorough investment such as The Diamond City, The Sol City, West Market Lac Tan, J-Dragon, Thang Loi Group not only brings quality housing products but also actively contributes to the urbanization process, creating modern, convenient and livable living spaces.

Long Hau Joint Stock Company, as the investor of large industrial parks, has achieved many successes in attracting domestic and foreign investors, and is a pioneer in building and developing a green - clean industrial park model, aiming at the goal of sustainable development and environmental friendliness. In the field of production - export, Hoa Thanh Long An Company has been gradually affirming its brand, contributing to enhancing the reputation of the province's industrial park in the international arena.

In addition, the growth of Long An industrial park is also demonstrated through many prominent names in other diverse industries such as Southern Oil and Chemicals Joint Stock Company, Trung Quy Textile Company Limited, Asia International Group, Hoang Phat Fruit Company Limited, La Vie Company Limited, Ching Luh Vietnam Footwear Company Limited, etc.

Each enterprise, with its specific field of operation, is an important piece, contributing to the diversity and overall strength of the Long An industrial park picture. They not only promote export activities but also play a key role in expanding the value chain, creating jobs and improving the competitiveness of the provincial economy.

Accompanying and working closely with the development of enterprises, the Provincial Business Association and the Provincial Young Entrepreneurs Association play a key role in building and consolidating a strong, united and mutually developing business community.

The Provincial Business Association operates with the mission of gathering, uniting and protecting the legitimate and legal rights and interests of member enterprises. At the same time, the Association is also an important bridge to help enterprises access the State's support policies and guidelines, promptly removing difficulties and obstacles arising in production and business activities.

Long An Young Entrepreneurs Association and SHB Bank Long An Branch sign a cooperation agreement, contributing to promoting the development of the private economic sector in the province

Meanwhile, the Provincial Young Entrepreneurs Association is a dynamic playground, an incubator that strongly encourages and spreads the spirit of entrepreneurship and innovation in the business community. The Association focuses on training and fostering a generation of young entrepreneurs with knowledge, courage and modern management capacity, ready to integrate and conquer new challenges.

Legal consulting programs, sharing practical management experiences, connecting trade, supporting access to preferential capital sources and promoting the spirit of entrepreneurship regularly implemented by these two organizations have created a solid foundation, adding motivation and confidence for the sustainable development of the private enterprise community in the province.

Entering a new phase, with opportunities and challenges intertwined, especially the impetus from Resolution No. 68 of the Politburo, Long An Economic Zone faces a great opportunity to make a breakthrough. To realize this potential, it requires the consensus and joint efforts of both the business community and the government./.

Reported by Tran Quoc Viet 

Translated by NT