VCCI Chairman Pham Tan Cong awards the certificate to Long An province for its 2nd position out of 63 most reformed provinces and cities in the past two decades (Photo: H.Phong-H.Anh)
Investment promotion activities have changed in both scale and depth
In recent times, with the efforts of the Party Committee, government and people, Long An has overcome the headwinds of the global economy and achieved many outstanding results in attracting investment. The province has effectively exploited its competitive advantages, promoted the role of regional linkage, upgraded infrastructure, reformed administration, innovated thinking and working methods in investment promotion, digitized and publicized information documents introducing the province.
These are considered synchronous solutions that Long An has identified as a strategic breakthrough to strongly improve the investment and business environment, gradually realizing the goal of becoming a "Friendly, safe and effective investment destination" for domestic and foreign investors.
In recent years, the province's investment promotion activities have changed dramatically in both scale and depth. The organization of foreign working delegations led by provincial leaders demonstrates a high determination in approaching foreign investors in familiar markets such as Japan, Korea, etc.and potential markets such as France, Belgium, Germany, etc.
These activities also introduce the investment environment, approach new potential investors, attract investment. The province also proactively learns about investment trends of multinational corporations, enterprises, large domestic and foreign corporations to promote the image, investment environment, and connect investment in industries according to planning orientation.
The special working delegation of the province regularly meets to listen to and promptly resolve difficulties of enterprises in the investment and business process; periodically organizes thematic dialogue conferences between the provincial government and enterprises to discuss solutions to remove long-standing difficulties and problems.
This is also a forum for enterprises to contribute ideas and propose policies and solutions to restore and develop the socio-economic situation. The province is determined to carry out administrative reforms, especially in the fields of investment, business registration, land, construction, environment; promote comprehensive digital transformation to contribute to improving the quality, publicity and transparency in providing online public services to serve enterprises and investors with increasingly better quality.
The above policies will create the most favorable conditions for investors to confidently develop projects, promote production and business activities, further affirming Long An's open, safe, and effective investment environment, contributing to attracting many investors to successfully invest in projects in the province.
Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee - Nguyen Van Ut sends New Year greetings to representatives of diplomatic agencies (Photo: K.Dinh)
According to Director of the Investment Promotion and Support Center (Department of Finance) - Vo Thanh Nhan, the results of economic diplomacy and the field of investment attraction have brought many positive prospects, especially in new fields such as innovation, green economy, circular economy, renewable energy, semiconductor industry, etc.
Thereby, Long An expressed its strategy to maximize the potential and advantages of the province to accelerate rapid and sustainable development and selectively attract investment with the goal of ensuring harmony between socio-economic development and protection of resources and the environment.
In addition, the province is focusing resources on building and improving synchronous and modern socio-economic infrastructure to meet the requirements of investors.
With improvements, innovations and constantly proactively changing investment promotion thinking to adapt to the shifting trends of investment waves in the world, the province expects to create important breakthroughs to successfully approach and attract domestic and foreign investment capital sources.
“In recent times, the Investment Promotion and Support Center has advised on many programs and plans to remove existing obstacles to create an open investment and business environment and attract investment, especially international corporations with strong branded products, creating conditions to promote linkages in developing production and consumption of supporting industrial products, forming a stable and sustainable production and supply chain, affirming that Long An's investment environment has been improved, attractive, building trust and determining its position in the strategic vision of foreign investors from key markets" - Mr. Vo Thanh Nhan said.
Achievements in attracting investment
Cooperation exchange seminar between Long An province and Okayama city (Japan) (Photo: K.Dinh)
Recently, according to the announcement of the Vietnam Chamber of Commerce and Industry, in 2024, Long An continued to affirm its position in the Provincial Competitiveness Index (PCI) when it entered the top 3 leading localities with 72.64 points, an increase of 1.7 points compared to 2023.
After 20 years, the province has made its mark when it ranked 2nd out of 63 most reformed provinces and cities. This is the result of the solidarity, efforts and determination of the entire provincial political system in synchronously and sustainably improving the investment and business environment, which has been recognized and highly appreciated by the business community and economic organizations.
In 2024, Long An recorded a boom in the establishment of domestic enterprises with more than 2,000 newly registered enterprises, an increase of 31.8% over the same period with a total registered capital of more than 23,200 billion VND. Accumulated from the beginning of 2025, 1,079 new enterprises were established with a total capital of 11,682 billion VND. Currently, the province has more than 20,575 enterprises registered to operate with a total registered capital of nearly 406,000 billion VND.
Currently, Long An continues to maintain its top position in the Mekong Delta region in attracting FDI with a total newly registered, adjusted and contributed capital more than 14.9 billion USD, with more than 1,440 FDI projects, accounting for more than 71% of the number of projects and more than 38% of the FDI capital of the Mekong Delta region.
The FDI structure in Long An focuses on processing, manufacturing, industrial parks, logistics, trade - services, while attracting more and more high-tech and green technology projects with modern equipment, causing less environmental pollution. The investment attraction indexes in the month increased compared to the same period such as the number of established enterprises, newly registered capital, number of FDI investment projects, registered capital, gradually affirming the identity of a locality that dares to think, dares to do and dares to break through.
In addition, strengthening connections and direct dialogue with foreign investors not only helps Long An access high-quality capital flows but also contributes to spreading prestige, positioning the image of an integrated and professional locality. This is the premise for the province to maintain growth momentum, going further on the national economic map.
In recent times, Long An has continuously welcomed many large-scale projects with international brands investing such as Lotte, VinaCapital, Saigontel, Thai Tuan High-Tech Complex, Coca-Cola, PepsiCo, Aeon, etc. This is a positive sign for the economic picture of Long An, and at the same time demonstrates the rapid and sustainable development of the province.
In addition to welcoming a series of new projects and large investment capital, the image of Long An is increasingly attracting special attention from investors because of its friendly, efficient and safe investment and business environment. With abundant human resources, young and eager to learn, and labor support policies, businesses can confidently deploy production for a long time.
For now, Long An has improved a lot, but the road ahead is full of challenges, requiring constant creativity. With the motto "Innovation - Transparency - Professionalism - Efficiency", Long An expects 2025 to be a breakthrough year, stepping firmly into the era of "industrialization and modernization" development in the period of 2021-2030, contributing significantly to the socio-economic development of the whole country./.
Reported by Khanh Duy
Translated by NT