Long An rolls out red carpet for foreign investors
Long An (VNA) – The Mekong Delta province of Long An has taken many
measures to improve its investment environment in order to attract foreign
investors.
According to
Nguyen Van Duoc, Vice Chairman of the provincial People’s Committee, 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 a
provincial report, Long An 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.
The provincial Party
Secretary Pham Van Ranh said Long An sets to become an industrialised province
by 2020. It will build high-quality industrial parks to call for foreign
investors and create key industrial sectors.
Improving the investment environment is one of Long An’s focuses, he said,
adding that the province makes specific annual plans on improving provincial
competitive index and streamlines administrative procedures, especially those
on land, tax and customs.
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.
According to Tran Van Can, Chairman of the Long An People’s Committee, the
province pledges to create a favourable and healthy business environment for
investors, especially foreign ones. However, investment projects must use
environmentally friendly technologies, he noted.
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.-VNA