The province reported that it has had 828 registered FDI projects with a total capital of 5 billion USD. Of which, 459 projects have been put into operation, accounting for 60 percent, and FDI disbursement hit 3 billion USD, or 60 percent of total registered capital.
Vice Chairman of the provincial People’s Committee Nguyen Van Duoc said that the FDI economic sector has not only directly contributed to the province’s economic growth but also created jobs for locals and those from other localities.The sector created a motive for the province to perfect its investment environment, policies and institutions, administrative procedures, infrastructure and human resources development, he said.
According to the provincial Party Secretary Pham Van Ranh, Long An province targets to become an industrialized province by 2020. In order to achieve this goal, the province will build high-quality industrial parks to call for foreign investors and create key industrial sectors.
He also stressed that one of Long An’s focuses is improving the investment environment is one of. The province makes specific annual plans on improving provincial competitive index and streamlines administrative procedures, especially those on land, tax and customs, he added.
According to Tran Van Can, Chairman of the Long An People’s Committee, the province pledges to create a favorable and healthy business environment for investors, especially foreign ones. However, investment projects must use environmentally friendly technologies, he noted.
In addition, the province will also concentrate on completing the infrastructure system, particularly transport, electricity and water to provide all necessary conditions for investment projects to effectively operate in the locality.
Long An currently has 28 industrial parks with a combined area of 10,220 hectares, of which 16 are operating with a occupancy rate of 61 percent. Besides, the province also has 32 industrial clusters covering 3,368 hectares, with 14 operational with an occupancy rate of 88 percent.
