Long An calls for investment in 15 projects
08/10/2016 - 16:01:07:PM
Illustrative image (Source: http://baolongan.vn)
Long An (VNA) – The Mekong Delta province of Long An is calling for investment in 15 projects, especially those in industrial parks and in the fields of waste water treatment, biotechnology and logistics, agriculture, transport infrastructure, and energy development.
The plan aims to realise the province’s rapid and sustainable development goals in the 2016-2020 period.
According to Vice Chairman of the provincial People’s Committee Nguyen Van Duoc, the province boasts favourable conditions for developing both industry and agriculture. It is now home to 28 industrial parks and 32 industrial clusters, which cover a total area of about 13,000 ha.
With large material areas, the Dong Thap Muoi region is suitable for agricultural development and processing industry. It has 330,000 ha of farmland, over 30,000 ha of forest land, and 8,500 ha of aquaculture area.
In addition, improved infrastructure and abundant workforce also makes Long An a magnet to investors.
In the first six months of this year, foreign investors poured around 5 billion USD in 739 projects in the province.
In the same period, the local authorities also granted licences to 195 investment projects worth a total 20 trillion VND (900 million USD), including over 400 million USD from 53 foreign-invested projects.
The positive outcomes were attributable to solutions devised by the local authorities, including activities to support enterprises, and investment in infrastructure development, especially transport and electricity facilities.
The provincial administration has taken many measures to improve the provincial competitive index (PCI), while organising conferences to boost links between local firms with foreign counterparts.-VNA