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Long An: Awarding certificates to 11 projects

10:03 | 20/10/2016

VCN - At the Investment Promotion Conference 2016, the People's Committee of Long An Province has awarded investment certificates for 11 new projects. Also,  signed investment memoranda with 7 investors and witnessed the signing of business cooperation contracts between 6 investors.

long an awarding certificates to 11 projects
Prime Minister Nguyen Xuan Phuc attended and presented flowers to the investors at the conference.

Mr. Tran Van Can, Chairman of Long An Province People's Committee said: “In recent years, despite the world economic situation as well as Vietnam still having difficulty, in the period of 2011-2015, the rate of economic growth per capita yearly gain was 11.26% for the province, the economic structure is a relatively rapid shift towards industrialization with the proportion of zone I - region II - region III in GDP through 2015, respectively 26.0% - 44.5% - 29.5%. The GDP per capita by the end of 2015 reached 50.7 million VND. The scale of industrial production value is increasing, reaching 118, 386 billion VND in 2015. Export turnover reached $US 3.69 billion in 2015, import turnover reached $US 2.94 USD. The State budget revenues in 2015 reached 8,000 billion VND.

Regards domestic investment, so far, in Long An province has nearly 7,900 active enterprises with a total registered capital of 189,000 billion VND and has 1,259 domestic investment projects which were granted investment certificates of registration with total registered capital of 139, 845 billion VND.

Regards foreign investment, the attraction of foreign investments is strong, there are 772 projects with registered certificates with a total registered capital of over $US 5.1 billion from 37 countries and regions in the world directly investing to Long An. The projects focus mainly in zones and industrial clusters in the key economic districts of Duc Hoa provinces, Ben Luc, Can Duoc, Giuoc, the Tan An town. Industry investment is producing electronic, mechanical, industrial processing of agricultural, forestry, fishery, textile and garment, footwear, plastics, building materials, etc.

Although these results have been achieved, according to Mr. Can, Long An Province generally remained untapped in its strength and potential. To orient the development in a new stage, Long An has set the overall plan of economic development - social till 2020 and vision to 2030 that has been approved by the Prime Minister. According to the plan to 2020, Long An province basically will become an industrial province; per capita GDP in 2020 of 80-85 million VND / person / year (approximately $US 3,800); the share of agriculture, industry and services in GDP respectively accounting for 15%, 45%, 40%.

In the future, to continue to reform the investment environment contributing to attract investment and developing production andbusiness, the leaders said that the province identified 4 focus groups on implementing solutions including: Implement solutions that improve the position of the province in the Provincial Competitiveness Index every year, in order to create a fair competitive environment, create favorable conditions for enterprises of all economic sectors of investment, production and business; continue to review projects in the province, there are solutions to overcome difficulties and obstacles, accelerate investment, especially in clearance, periodically work with businesses to encourage, support removing difficulties in production and business, promote production and business development; continue to focus on investing in the completion of infrastructure systems, especially in transport, power, water, communications to serve the needs of industrial development, ensuring the investment projects in the province will operate effectively; support to provide information, updates, common to investors through legislation and mass media.

By Nguyen Hue/Thanh Thuy