Long An ranks first in the Mekong Delta in attracting FDI
Accumulated from the beginning of 2024 until now, Long An has received FDI capital from 40 countries ang territories. Overall, there are 1,282 projects with a total registered capital of over 11.1 million USD, leading the Mekong Delta.
Promote solutions to improve the investment environment
According to a report of The People’s Comittee of Long An province, in the first quarter of 2024, the province’s gross product (GRDP) is estimate to increase by 4.83%. This is a positive growth rate, the hightest compared to the same period in the last 2 years. This shows that the province’s economy has a positive recovery. Currently, Loang An targets economic growth in 2024 from 8 to 8.5%.
According to Mr.Nguyen van Ut – Chairman of Long An Provincial People’s Comittee, he directed departments and localities to strengthen the implementation of statistics, forecasts and effectively deloy solutions to restructrure the ecomy. Associciated with innovating more synchronous, comprehensive and substantive growth model. Improve the investment environment, improve quality and efficiency in attracting investment.
In addition, based on data from the Department of Planning and Investment off Long An province as of the end of the first quarter of 2024, there are 503 newly established enterprised, with a total registered capital of over 6.9 billion VND compared to the same period. In general, the number of businesses increased by 39% and registered capital increased by 67% .
Notably, there are 8 business projects established by domestic investors (DDI) with a total capital of 2.3 trillion VND. Up to now, the whole province has 17,429 businesses registered to operate, with a total capital of over 379 trilion VND, 2.213 DDI projects with registered capital of over 300 trillion VND.
Cumulatively since the begining of this year, the province has issued investment certificates for 21 FDI projects with new investment capital of 166 million USD. Long An receives FDI capital from 40 countries and territories with 1,282 project, total registered capital of over 11.1 million USD. Countinues to reaffirm its position in the top 10 provinces and cities in the country and leading the Mekong Delta in attracting FDI.
According to statistics from the Department of Industry and Trade of long An province in March 2024, the industrial production index increased by 5.12% over ther previous month. Accumulated by the end of the first quarter of 2024, the industrial production index increased by 4.33% compared to the same period in 2023.
After investment promotion conferences and business trips abroad, provincial leaders have received and worked with many agencies, organizations, and business delegations from the United States, Singapore, Korea, Japan, China, and Taiwan to research and explore investment opportunities in the province. Especially high-tech projects, semiconductors, waste treatment, clean energy, green credit.
Resolve problems
In order to improve Long An’s investment environment, build trust and position in the strategic vision of investors from key markets, the People’s Committee of Long An province also directs the building of an effective and efficient administration, tightening administrative discipline; Strengthen national defense and security, ensure social order and safety.
At the same time, the Department of Planning and Investment was assigned to actively coordinate with relevant agencies and direct the effective implementation of the Provincial Planning Implementation Plan for the period 2021-2030, with a vision to 2050.
In addition, focus investment resources on upgrading the province’s socio-economic infrastructure system overall and synchronously. In particular, transportation infrastructure must have focus, key points, and regional connectivity. Open up new development space, increase investment attraction through innovation and creativity. Proactively change investment promotion thinking to adapt to the trend of shifting investment waves in the world; creating important breakthroughs to successfully access and attract domestic and foreign capital.
It is known that recently the Department of Planning and Investment of Long An province actively supported investors in accessing legal information and promptly resolved related problems. Currently, the department is establishing a Steering Committee to remove difficulties for key projects, in order to promptly overcome bottlenecks in attracting and receiving investment projects in the area.
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