LONG AN INVESTMENT PROMOTION CONFERENCE 2016

CO-OPERATION - SUSTAINABLE DEVELOPMENT

Long An solicits investment to meet ambitious development targets

06/07/2016 - 10:20:33:AM

Tran Van Can, the province chairman, said soliciting investment is one of the ways for the province to achieve its goals of industrialising by 2020. — VNS Photo Xuan Hương

HCM CITY (Biz Hub) — The southern province of Long An will solicit investment in residential areas, transport and industrial infrastructure and hi-tech agriculture, according to its Department of Planning and Investment.

The province has prioritised supporting industries and hi-tech agriculture, projects using technology, value-added products, energy efficiency and industries that are competitive and environment-friendly, Nguyen Van Tieu, the department director, told a press briefing held to introduce the Long An Investment Promotion Conference.

To be held in Long An on October 17, the conference would feature discussions on policies and investment between local authorities, businesses and economists, enabling investors to understand more about the province, he said.

Tran Van Can, the province chairman, said soliciting investment is one of the ways for the province to achieve its goals of industrialising by 2020, achieving per capita income of VND80 million (US$3,587), and average GDP growth of 13 per cent a year in accordance with its master plan.

Despite difficulties, the province has achieved growth of 11.26 per cent and its per capita income has climbed to VNĐ50.7 million, among the highest in the Cuu Long (Mekong) Delta, he said.

It is home to 16 industrial parks and 14 industrial clusters with occupation rates of 61 per cent and 88 per cent, he said.

It ranks first in FDI attraction in the delta, with 768 projects with a total investment of over US$5.1 billion, he said.

It is also home to 1,259 local projects with a combined investment of VND139.84 trillion.

"Long An will create the most favourable conditions for domestic and foreign investors and businesses," Can promised.

The province's motto is ‘your difficulties are also our difficulties, your success is also our success,' he said.

Tiều said the province would continue to work to improve its investment environment, administrative procedures and transport infrastructure to better meet investors' demand.

It would also focus on improving education and training to provide the market with more skilled staff, he said.

The conference, titled "Co-operation-Sustainable Development," will be attended by Prime Minister Nguyen Xuan Phuc and executives representing more than 40 Vietnamese and foreign enterprises. — VNS