Long An activates 04 industrial park projects with a total investment of nearly 23 trillion VND.

On November 22, 2022, at the Ceremony to summarize 25 years of construction and development of industrial parks in the province, Long An province awarded the Prime Minister's Decision approving the investment policy for 04 industrial park projects and investment registration certificates for many other projects.

New projects in Long An

04 projects awarded the Prime Minister's Decision approving the investment policy are projects with a total area of ​​1,770 ha with a total investment capital of 22,858 billion VND, including:

  • Investment project to build and trade infrastructure of Tan Tap industrial park, in Tan Tap commune, Can Giuoc district. The project has been approved by the Prime Minister under Decision 361/QD-TTg dated March 18, 2022;
  • Investment project on construction and business infrastructure of Tandoland industrial park, in Luong Hoa and Tan Hoa communes, Ben Luc district. The project has been approved by the Prime Minister under Decision 489/QD-TTg dated 19/04/2022;
  • Investment project on construction and infrastructure business of Loc Giang industrial park, in Tan My commune, An Ninh Dong commune, and Loc Giang commune, Duc Hoa district. The project has been approved by the Prime Minister under Decision 490/QD-TTg dated 19/04/2022; and
  • Investment project on construction and infrastructure business of Prodezi industrial park, in Luong Hoa and Tan Hoa communes, Ben Luc district. The project has been approved by the Prime Minister under Decision 506/QD-TTg dated April 23, 2022.

In addition, Long An also granted investment registration certificates to 06 FDI projects with a total investment capital of 184,503 million USD and 07 domestic projects with a total investment capital of 9,064 billion VND.

Achievements of Long An in industrial park development

According to the Vice Chairman of Long An Provincial People's Committee Nguyen Minh Lam, the province currently has 37 industrial parks, with a total planning area of ​​over 12,280 ha; in which, 18 industrial parks are operating on an area of ​​3,500 ha with the occupancy rate of 86.45%.

Since the beginning of the year, industrial parks have attracted investment in 102 new projects, up 23% over the same period. Regarding newly granted and increased FDI capital, the number is 539.4 million USD, up 30%, while domestic investment capital is 16,544.82 billion VND, up 59% over the same period.

Long An is currently ranked 3rd nationwide in terms of the size of industrial parks; ranked 13th in attracting foreign direct investment (FDI); ranked 3rd in attracting domestic capital and leading in the Mekong Delta.

With the advantage of being an important intersection, located at the gateway of the Mekong Delta adjacent to Ho Chi Minh City, Long An is an attractive investment area for many businesses in the region.

Over 25 years of construction and development, Long An has attracted 1,762 investment projects, including 849 FDI projects with new investment capital and increased capital of 5,666 billion USD, accounting for 56.83% of total FDI investment capital in the province ($9.970 billion VND) and 913 domestic projects with investment capital of 113,589.9 billion VND, accounting for 50.93% of total domestic investment capital in the province (223,000 billion VND); creating jobs for over 179,714 workers.

Mr. Nguyen Minh Lam emphasized that Long An is promoting economic restructuring, improving the growth quality and competitiveness of the economy; focus on training high-quality employees to meet development requirements. At the same time, Long An will always accompany businesses, promptly solving difficulties and problems; strengthen administrative reform and digital transformation to better serve the people and businesses; consider enterprises as the driving force for the development of the province.

Ly Tran - Paralegal