The Mekong Delta province of Long An has offered incentives to lure foreign direct investment (FDI), particularly in hi-tech agricultural projects and green industry.
Long Hau Industrial zone in Can Giuoc district (Source: VNA)
Long An (VNA) – The Mekong Delta province of Long An has offered incentivesto lure foreign direct investment (FDI), particularly in hi-tech agriculturalprojects and green industry.
Chairman of theprovincial People’s Committee Tran Van Can said local authorities have aimed tocreate optimal conditions for foreign investors in Vietnam while ensuringenforcement of laws.
From now to2020, priority will be given to projects in residential urban areas, trafficand industrial infrastructure, hi-tech agriculture and the support industry,Can said, adding that the province was seeking investment in 16 projects, worthmore than seven billion USD.
The province plansto continue improving its mechanisms to draw more foreign investment whilereviewing and accelerating the implementation of investment projects.
The localitywill provide assistance for investors in land clearance and human resourcetraining while strengthening administrative reform, improving the investmentclimate and enhancing provincial competitiveness.
Long An leadsthe Mekong Delta region in FDI attraction, with 772 projects, worth a total ofnearly six billion USD from 37 countries and territories. The projects are mostlylocated in industrial clusters and zones, such as Duc Hoa, Ben Luc, Can Duoc,Can Guoc and Tan An city.
Of which, 459projects, worth a total of three billion USD have been put into operation. Thecountries with the most investment in the province are the UK, Taiwan (China),Japan, Singapore, the Republic of Korea, and the US.
Together, thelocal FD projects employ 36 percent of the province’s employed labour force,and contribute more than three trillion VND (more than 131.6 million USD) peryear, accounting for 37 percent of the province’s budget collection.
Long An haszoned off some 13,500 hectares for industrial development by 2020. Currently,5,000 hectares are ready for investment projects.-VNA
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Long Hau Industrial zone in Can Giuoc district (Source: VNA) 
