LONG AN — The southern province of Long An led the country in attracting foreign direct investment (FDI) capital in the first half of this year, despite the COVID-19 pandemic.
The province licensed 30 FDI projects with total investment capital of more than US$3.3 billion, of which over $3 billion was poured into the Long An LNG power plants No 1 and 2.
In addition, Long An also issued investment licences to 77 domestic projects with total registered capital of nearly VNĐ5.6 trillion ($243 million).
According to the provincial People’s Committee, relevant agencies have carried out a range of activities to promote investment, including arranging for Japanese companies visit local industrial parks, receiving a delegation of businesspeople from South Korea, and holding an event on the province’s hi-tech economic zone development which has attracted big corporations from South Korea, the US and Germany.
The province will continue to work to improve the local business and investment environment through measures to increase the Provincial Competitive Index (PCI). It aims to maintain its rating as either “good” or “very good”. The provincial administration will keep close contact with investors in order to timely handle any difficulties and obstacles that arise during their project implementation.
Local agencies have also inspected the pace of investment projects and promptly revoked licences for delayed projects. — VNS
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