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In the context of global economic fluctuations due to the Covid-19 pandemic, trade tensions and climate change, Long An still retains its attractiveness to international investors. The rate of capital adjusted projects in the period from 2019 to June 2024 ranges from 4% to 7%, showing stability and the ability to continue investing in existing projects.
In 2021, Long An province has a sharp increase in FDI capital with registered capital of up to 3,492.9 million USD.
The period 2019-2024 shows steady growth in the scale of FDI projects in Long An.
In 2019, the average scale was 6.05 million USD/project. In 2020, this scale increased slightly to 6.15 million USD/project.
In 2021, the average scale skyrocketed to 8.34 million USD/project. The scale continues to increase in 2022, reaching 8.70 million USD/project, before decreasing slightly to 8.48 million USD/project in 2023.
As of June 2024, the average scale reached 8.62 million USD/project, reflecting the province's sustainable development in attracting investment compared to 2019.
Despite the growth in the average scale of projects, Long An still receives a significant number of small projects, accounting for a certain proportion of the total number of FDI projects.
These small projects usually have a capital scale of less than 5 million USD and focus on areas such as consumer goods production, services and light industry.
Although these projects have a small capital scale, they still play an important role in creating jobs, transferring technology and contributing to the province's diverse economic development.
However, the presence of many small projects also poses challenges for Long An in ensuring effective management and supervision; At the same time, improve the quality of FDI projects to maximize economic and social benefits for the province.
In the period 2019-2024, the ratio of implemented capital to registered capital fluctuates strongly, with the highest level being 90% in 2019 and dropping sharply to 8% in 2021.
The ratio of realized investment capital to total social investment capital ranges from 4% to 7%, showing the stable contribution of foreign direct investment capital to the local economy.
It is known that foreign investment capital in Long An is distributed in three main areas: Services, industry - construction and agriculture - forestry - fisheries.The industrial and construction sectors always account for the largest proportion in Long An province's FDI capital structure. Long An province recognizes the diversity in the structure of foreign investment across industries with the processing and manufacturing industry standing out as a center attracting strong investment capital.
By June 2024, Long An province has a total of 1,312 FDI projects with a total registered capital of 11,315.26 million USD. Among them, Singapore leads with 68 projects and total registered capital of 4,353.9 million USD. China (Taiwan) ranked second with 185 projects, total investment capital of 1,096 million USD. Japan ranked third with a total registered investment capital of 993.05 million USD. Next are Korea, Hong Kong, China and the US are also important investors in Long An, with a significant amount of investment capital and number of projects./.
Reported by T.L
Translated by NT
