Long An attracts many major investment projects

The 200 million USD wind power equipment factory and the 45 million USD animal feed factory are major investment project pouring into Long An recently.

On September 26th, Aboitiz Foods is expected to inaugurate the largest livestock feed factory in Southeast Asia in Ben Luc. With a total investment of 45 million USD, the factory is considered one of the outstanding industrial projects in the locality with a capacity of up to 300,000 tons per year.

Aboitiz Foods is a member of the Aboitiz Group with more than 100 years of development in many fields such as energy, banking, infrastructure, real estate, and food in many countries. This unit has chosen Long An as the location for its large-capacity factory. Based on the advantages of local infrastructure, especially the convenient port system connecting domestically and internationally.

Previously, in August, South Korea’s CS Wind Group announced a 200 million USD wind power equipment manufacturing plant investment project in the Long An International Port Project Cluster. This is the factory with the largest production capacity in the world. Expected operating capacity is up to tens of thousands of units per year, supplying super-sized and super-heavy equipment weighing 500-4,000 tons.

All equipment and accessories in the first phase are imported and exported through Long An International Port, estimated at 150,000 to 200,000 tons per year.

These two factories are among dozens of projects pouring into Long An recently. Other “huge” capital names pouring in here include:

• Aeon Mall Tan An 1,000 billion VND;
• Coca-Cola factory 3,109 billion VND;
• Pepsi factory 7,486 billion VND;
• Thai Tuan textile finishing factory 12,000 billion VND.

The common point of most new projects is the application of modern technology, use of renewable energy, aiming for green and sustainable factors – in line with the development orientation of the province.

According to data from the Department of Planning and Investment, in 8 months, this locality has granted 65 new FDI projects; 12 more projects than the same period in 2023. Total newly granted investment capital is over 347 million USD.

In total, the province has 1,312 FDI projects with a total capital of more than 11.3 billion USD. Of which, 635 projects have come into operation, with a total capital of more than 4.2 billion USD. With these indicators, Long An is always in the top of the country in attracting foreign capital.

On domestic investment, since the beginning of 2024, more than 1,500 new businesses have registered (an increase of 536), with a total capital of more than 13,700 billion VND. Up to now, Long An has over 18,600 operating enterprises with a total capital of 385,140 billion VND.

The gateway province of the West is assessed to have many advantages in industrial development. In 2023, Long An ranked 2nd out of 63 provinces and cities in the Provincial Competitiveness Index (PCI). This locality has many incentives and policies to improve the investment climate. Provincial leaders have repeatedly affirmed that “Long An needs businesses, not businesses need Long An”.

Besides investment promotion programs, the province regularly dialogues and meets with the business community. Listen to new suggestions and solve problems.

In addition, the convenient location adjacent to Ho Chi Minh City is also a highlight. Existing infrastructure, a series of key national projects passing through the area such as Ring Road 3, Ring Road 4 of Ho Chi Minh City or the trillion-dollar traffic routes connecting the West and Southeast regions that will be formed in the future. Helps increase freight capacity, creating attraction for domestic and foreign businesses.

The province also inherits advantages as a logistics center with Long An International Port. The port covers an area of ​​147 hectares within a 1,900-hectare complex including an industrial park, logistics service center, urban area, trees and water surface. This infrastructure can accommodate ships with a capacity of 100,000 DWT. In 2022, the volume of goods transported through here will reach 2.2 million tons.

From the beginning to the middle of this year, Long An has 34 industrial parks with a total scale of more than 9,250 hectares. These industrial parks have attracted more than 1,900 projects creating jobs for 183,000 workers, including more than 950 FDI projects.

By 2030, according to the approved plan. The province will have up to 51 industrial parks with a scale of more than 12,400 hectares. With this scale, Long An can rise to second place in the country. Just behind Binh Duong, in terms of industrial park area.

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