Effective investment destination
Long An has a competitive advantage in rapid and sustainable development, is a reliable and attractive destination for domestic and international investors, especially in the service and tourism industries... creating motivation, pervasive development in the Mekong Delta region and the whole country.
Thereby, the province affirms that investors and partners should be assured of local development for long-term investment and sustainable development plans in this potential land.
The number of businesses coming to learn about and invest in the province increases year by year, contributing to promoting local socio-economic development, solving employment problems and other social security issues.
According to statistics from the Provincial People's Committee, by the end of 2023, the whole province has nearly 17,000 businesses registered to operate with a total registered capital of 373,087 billion VND; including nearly 13,000 active businesses.
The province attracted more than 2,200 domestic projects with registered capital of nearly 300,000 billion VND; 1,245 FDI projects, capital of more than 10.6 billion USD, of which 588 projects are in operation, total investment capital of more than 3.6 billion USD.
With efforts to restore the economy, reform administration, and synchronously implement support solutions and remove difficulties for businesses and investors, the province has had a breakthrough, increasing 6 levels, rising to the top position. Top 10 provinces and cities with the best PCI in 2022.
The above "speaking" numbers are proof that the province has become an attractive, friendly, safe and effective destination for investors, especially FDI investment.
According to General Director of Songwol Vina Joint Stock Company - Park Sun Whoan, the Company surveyed, studied the environment and decided to invest and operate in Duc Hoa district. The Company's operations largely met the proposed production and business plans, revenue and profits increased over the years.
During its operation, the Company always received attention and favorable conditions from local leaders at all levels. This creates trust and peace of mind for businesses. The company produces cotton and fiber towels with a scale of 7,000 tons/year with about 700 employees, total investment capital of 44.5 million USD.
The province creates favorable conditions, promptly grasps and resolves difficulties and problems of businesses, contributing to improving the investment and business environment, promoting socio-economic development (In photo: Employees of Bright Sunshine Vietnam Co., Ltd., Moc Hoa district complete the product to deliver to customers)
Director of Bright Sunshine Vietnam Co., Ltd. (Moc Hoa district) - Leung Pui Ki said: The company has invested in Moc Hoa district since the beginning of 2022. During its operation, the Company has always received great support from local leaders.
Currently, the Company has a factory scale of more than 11,000 square meters with about 500 employees, operating mainly in the field of manufacturing garment products to serve domestic needs and is expanding and linking for export.
Continue to improve the investment environment
According to Director of the Department of Planning and Investment - Truong Van Liep, in recent times, the province has effectively exploited its competitive advantages, promoted the role of regional connectivity, upgraded infrastructure, and reformed administrative procedures; innovate thinking and methods in investment promotion, proactively contact and provide information to large and potential investors; digitize and publicize information documents about the province;...
Synchronous solutions are identified as a strategic breakthrough to strongly improve the business investment environment, helping the province approach domestic and foreign investors.
Domestic and foreign investment promotion activities have been strengthened by the locality; proactively approach organizations, large investors, and projects consistent with the province's investment attraction orientation. The province successfully organized meetings with diplomatic agencies and business connection conferences; Business associations, business associations, investors; organize investment promotion abroad (Japan, Korea, USA, Cuba);... to introduce the province's investment environment, approach potential investors, attract investment in projects with pervasiveness, positive impact on the province's socio-economic development.
The province successfully organized a business dialogue conference operating in key districts of the province to promptly remove difficulties and obstacles of businesses and promote the recovery of production and business of businesses. In 2023 alone, although there are still many difficulties and challenges, the number of newly established enterprises, the number of FDI projects, and the registered capital of domestic and foreign investment projects will increase over the same period.
In 2024, the province continues to focus on improving the investment and business environment; Implement well solutions to improve PCI, striving to be among the top in the country; Operate well the Provincial Public Administration Service Center and district-level Public Administration Centers; improve the quality of handling administrative procedures, minimize the need for people and businesses to travel many times, and overcome the overdue situation in handling administrative procedures; Continue to evaluate the province's department, sector and local competitiveness index (DDCI).
Besides, the province focuses on promoting promotion activities to attract investment to ensure effectiveness; Organize contact with strong domestic and foreign economic groups and international organizations to take advantage of opportunities to attract investment, and pay attention to attracting large-scale foreign investment projects with current modern technology, efficient land use.
The province maintains monthly dialogues with businesses, closely liaising with Business Associations of countries and territories to promptly grasp and focus on leadership and direction to resolve difficulties and problems. Business problems; Announce and publicize plans and major investment projects so that businesses, investors and people can get information.
"At the same time, the province continues to promote administrative reform to create an open, transparent, and attractive investment and business environment for investors; Promote the removal of difficulties and obstacles in investment procedures, speed up compensation and site clearance for key projects; Resolutely withdraw ineffective, prolonged projects, land appropriation, affecting the investment environment and people's lives" - Mr. Truong Van Liep informed./.
Reported by Chau Son
Translated by NT
