Long An Still Ample Space For Investment Attraction

As part of the Mekong Delta, Long An has a unique status as a gateway connecting the delta to the southeast region, bordering Cambodia and Ho Chi Minh City.

Therefore, the local area can benefit from the high pace of industrial and urban development in Ho Chi Minh City, as it only takes 40-50 minutes to reach the southern growth engine.

Gateway to the Mekong Delta region

Taking advantage of these advantages, Long An has recently experienced commendable social and economic development, its economic scale being the leader in the delta region and accounting for more than 13% of the total.

The local economic structure was oriented towards industrial development with supernatural growth. The region's GDP will grow by 8.46% in 2022.

To lay a solid foundation for achieving its development goals, Long An has focused on developing a number of major transport infrastructure projects, including those strengthening links with Ho Chi Minh City and towns in the southeast, as well as others to strengthen internal links. .

Companies located in Long An can easily promote trade with local and international partners, save time and money and improve their competitiveness.

Long An is trying to become a region with high industrial production in the southern region.

Currently, the province has 15,000 hectares of industrial development, consisting of 37 industrial zones (ZIs), 59 industrial groups (CIs), of which 18 ZIs and 23 CIs are already operational and cover 4,000 hectares.

These ICs and ICs are mainly located near Ho Chi Minh City. Most of them cover the entire infrastructure and are ready to receive investors.

There are currently 1,184 foreign projects in Long An with total committed capital worth more than $10.3 billion.

Creating a suitable working environment

In recent years, Long An has made inspiring achievements in attracting investment and economic development, as the country has effectively used its local advantages. He paid special attention to accelerating administrative procedural reforms, creating a safe, efficient and user-friendly business environment.

For many years in a row, the province has been at the center of administrative reform efforts at the national level, building confidence in the business community and creating an open, transparent and competitive business and investment environment.

It is worth noting that the leaders of the province often participated in business discussions, which created the necessary conditions to support investors in the research and implementation of projects in the country. It provides the basis and highlights the charm of Long An for local and international investors.

With a coherent and strategic approach to reforming the growth model, Long An engaged a world-renowned consulting group to develop the province's strategic plan, identify the direction of investment to generate significant growth in the province and attract the next. the time

In mid-September 2022, the Quang Binh Development Plan Central Evaluation Committee worked on the evaluation of the 2021-2030 spatial planning, with Vision 2050, with positive evaluations.

On June 13 this year, the Prime Minister approved the Long An Development Plan for the aforementioned period.

In light of the master plan, Long An is expected to become a center of dynamic, efficient and sustainable economic development in the southern region. It will be a portal that is part of the regional urban industrial economic corridor, with close links to Ho Chi Minh City, the Southeast region and Cambodia.

The program aims to create diverse economic corridors with vibrant urban and development centers that are adaptable to climate change and provide social well-being.

Long An aims for annual growth of 9-9.5% in the period 2021-2030, with a regional economic structure oriented towards industrialization.

By 2030, its economic size is expected to be 2 to 2.5 times that of 2021, and its per capita income will be around 7,820 dollars.

Long An aims for annual growth of 9-9.5% in the period 2021-2030, with a regional economic structure oriented towards industrialization.

Long An has two lanes, including Ring Road No. 3 and 4 and the Ho Chi Minh City - Long An Tien Giang Development Triangle, which creates dynamic urban and economic development near Ho Chi Minh City and coastal areas. .

Tan An City has become a high-tech and administrative center, benefiting from digital transformation.

In addition, there will be another high-tech agriculture, ecotourism and system economy hub in the west, with good transport links to both corridors and central Tan'an.

The terrain of Long An has three distinct areas.

District 1 aims to provide materials to promote high-tech agriculture, ecotourism, border economy development and local processing industry.

Surrounded by the Vam Co Dong and Vam Co Tay rivers, District 2 aims to develop renewable energy and ecotourism projects along the river, as well as serve as a domestic transshipment hub.

District 3 includes the surrounding neighborhoods of Ho Chi Minh City and aims to stimulate urban and industrial development.

With these trends, the land available for urban, industrial and service development is expected to increase by 4 to 4.3 times by 2030.

The province's labor force also has an advantage with more than 900,000 people of working age, a number expected to reach one million by 2030. Furthermore, Long An has found it easy to attract high quality and skilled labor from Ho Chi City. little

In terms of infrastructure, Long An has many competitive advantages with Ben Luc-Long Thanh Expressway, Ho Chi Minh City and Trung Luong, Ho Chi Minh City-Long Thanh-Dau Giay, Ring Road No. 3 and no. 4, Ho connected. Chi Minh City: Rapid rail development from Can Tho and Long An port, among others.

The province prioritizes investments in support and processing industries, automation, electronic devices, equipment, microchip and semiconductor production, artificial intelligence, development of high-quality urban services, ecological and high-tech agriculture, ecotourism and renewable energy.

To take better advantage of these strong advantages and strategic vision, Long An is committed to promoting social and economic development, especially in investments in the fields of transport, health and the environment.

The government also pays special attention to the development of quality human resources to meet the need for skilled manpower.

Dong Nai's foreign direct investment attraction has soared, nearly tripling in the first quarter Foreign direct investment in the southern province of Dong Nai exceeded $500 million in the first quarter of this year, nearly three times that of the same period last year, according to the provincial industrial park management committee.

Hanoi leads the country in attracting foreign direct investment in the first four months Hanoi led Vietnam in attracting foreign direct investment (FDI) in the first four months of this year, attracting more than $1.7 billion in capital during the period, according to the Ministry of Planning and Investment.

Da Nang is improving quality to attract investment The central city of Da Nang is building an investor-friendly business environment based on the pillars of high-tech industry, tourism and the maritime economy.

Smart industry tends to attract more foreign capital Municipalities across the country are looking to access industrial infrastructure to increase their competitiveness by attracting foreign capital.

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