Long An (VNA) – The Mekong Delta province of Long An has taken manymeasures to improve its investment environment in order to attract foreigninvestors.
According toNguyen Van Duoc, Vice Chairman of the provincial People’s Committee, the FDIeconomic sector has not only directly contributed to the province’s economicgrowth but also created jobs for locals and those from other localities.
The sector createda motive for the province to perfect its investment environment, policies andinstitutions, administrative procedures, infrastructure and human resourcesdevelopment, he said.
According to aprovincial report, Long An has had 828 registered FDI projects with a totalcapital of 5 billion USD.
Of which, 459projects have been put into operation, accounting for 60 percent, and FDI disbursementhit 3 billion USD, or 60 percent of total registered capital.
The provincial PartySecretary Pham Van Ranh said Long An sets to become an industrialised provinceby 2020. It will build high-quality industrial parks to call for foreigninvestors 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 provincialcompetitive index and streamlines administrative procedures, especially thoseon land, tax and customs.
In addition, the province will also concentrate on completing theinfrastructure system, particularly transport, electricity and water to provideall necessary conditions for investment projects to effectively operate in thelocality.
According to Tran Van Can, Chairman of the Long An People’s Committee, theprovince pledges to create a favourable and healthy business environment forinvestors, especially foreign ones. However, investment projects must useenvironmentally friendly technologies, he noted.
Long Ancurrently has 28 industrial parks with a combined area of 10,220 hectares, ofwhich 16 are operating with a occupancy rate of 61 percent.
Besides, theprovince also has 32 industrial clusters coveඣring 3,368 hectares, with 14operationa♋l with an occupancy rate of 88 percent.-VNA
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Illustrative image (Source: VNA)
