Business

Long An: Over 900 new firms formed in six months

A total of 918 new businesses have been set up in the southern province of Long An in the first six months of this year, with combined registered capital reaching 6.7 trillion VND (301.5 million USD).
Long An: Over 900 new firms formed in six months ảnh 1A foreign-invested project in Long An province (Source: longan.gov)

Long An (VNA) – A total of 918 new businesses have been set up in the southern province of Long An in the first six months of this year, with combined registered capital reaching 6.7 trillion VND (301.5 million USD).

The figure showed year-on-year increases of 140 percent in the number of enterprises, and 72 percent in the value of capital, according to the provincial Department of Planning and Investment.

In the same period, the local authorities have also granted licences to 195 investment projects worth a total 20 trillion VND (900 million USD), including over 400 million USD from 53 foreign-invested projects.

To date, foreign investors have poured around 5 billion USD in 739 projects in Long An, with 434 of them operational.

The positive outcomes were attributable to solutions devised by the local authorities, including activities to support enterprises.

The provincial administration has taken many measures to improve the provincial competitive index (PCI), while organizing conferences to boost links between local firms with foreign counterparts.

Director of the provincial Department of Planning and Investment Nguyen Van Tieu said Long An will work harder to better investment climate in the locality, thus facilitating enterprises’ production and business.-VNA

VNA
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