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.
Long An (VNA) – The southern province ofLong An led the country in attracting foreign direct investment (FDI) capitalin the first half of this year, despite the COVID-19 pandemic.
The province licensed 30 FDI projects with total investment capital of morethan 3.3 billion USD, of which over 3 billion USD was poured into the Long AnLNG power plants No 1 and 2.
In addition, Long An also issued investment licences to 77 domestic projectswith total registered capital of nearly 5.6 trillion VND (243 million USD).
According to the provincial People’sCommittee, relevant agencies have carried out a range of investment promotionactivities, including arranging a trip for Japanese companies to localindustrial parks and clusters, receiving a delegation of businesspeople fromthe Republic of Korea who came to explore the investment environment, and anevent on the province’s orientation for hi-tech economic zone development whichattracted big corporations from the RoK, the US and Germany.
Local agencies have also inspected the pace of investment projects and promptlyrevoked licences of delayed projects.
The province will continue to work to improve the local business and investmentenvironment through measures to increase the Provincial Competitive Index (PCI)and maintain its ranking in either the “good” or “very good” group. Theprovincial administration will keep close contact with investors in order totimely handle any difficulties and obstacles that arise during their projectimplementation./.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative photo (Source: VNA) 
