Long An province in the key southern economic zone presented a list ofits advantages and made offers to Japanese businesses at a meeting withthe Outward mission on August 23.
Pham Van Ranh,Vice Chairman of the provincial People’s Committee, said like otherparts of the country, Long An has emerged as a destination for foreigninvestors, citing advantages of political stability, steady economicgrowth and an industrious workforce.
“The province has a good land reserve for industrial and urban development and infrastructure construction,” Ranh said.
Long An authorities confirmed that labour strikes in foreigncompanies did not make any impact on the province. They also presented anew model for small investors who may rent a lot of just 100 sq. m. ofland in the Long Hau industrial zone. Japanese investors were alsoassured of administrative reforms with very simple paper work.
Licences will be issued in 24 hours after all forms are filled, authorities emphasised.
The Mekong Delta province has so far granted licences for 328 foreigninvestment projects capitalised at almost 3.18 billion USD, includingthe 11 projects by Japanese investors with a combined investment of 188million USD. One of the 11 Japanese-invested projects was licensed in2010 with a capital of 100 million USD.
TheJapanese business mission, led by Sato Shi Abe, Director of the ASEANinvestment sharing sector under the Japan centre, was shown aroundseveral industrial zones. The guests also visited the Vina Eco BoardLimited Liability Company under the Sumitomo Group and the Kaiyo SeafoodProcessing Company./.
Pham Van Ranh,Vice Chairman of the provincial People’s Committee, said like otherparts of the country, Long An has emerged as a destination for foreigninvestors, citing advantages of political stability, steady economicgrowth and an industrious workforce.
“The province has a good land reserve for industrial and urban development and infrastructure construction,” Ranh said.
Long An authorities confirmed that labour strikes in foreigncompanies did not make any impact on the province. They also presented anew model for small investors who may rent a lot of just 100 sq. m. ofland in the Long Hau industrial zone. Japanese investors were alsoassured of administrative reforms with very simple paper work.
Licences will be issued in 24 hours after all forms are filled, authorities emphasised.
The Mekong Delta province has so far granted licences for 328 foreigninvestment projects capitalised at almost 3.18 billion USD, includingthe 11 projects by Japanese investors with a combined investment of 188million USD. One of the 11 Japanese-invested projects was licensed in2010 with a capital of 100 million USD.
TheJapanese business mission, led by Sato Shi Abe, Director of the ASEANinvestment sharing sector under the Japan centre, was shown aroundseveral industrial zones. The guests also visited the Vina Eco BoardLimited Liability Company under the Sumitomo Group and the Kaiyo SeafoodProcessing Company./.
