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  • News
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  • News in Vietnam
  • 20 May 2022

Long An – a potential land for investment opportunities

Long An has a unique position in the Mekong Delta region (the Mekong Delta) and the Southern critical economic area. With many reasonable policies and the strategy of attracting investment and building synchronous infrastructure in recent years, the province has become a bright spot in attracting investment, especially foreign investment. At the same time, Long An is expected to become one of the largest economic zones in the South, a model economic zone of Vietnam and the region.

Long An still has many large enterprises and corporations coming to invest in the context of the epidemic raging and complicated developments. In 2021, this province attracted more than 3.8 billion USD in foreign investment, ranking second in the country.

1. Good land

Long An has a favorable geographical position in the Southern Key Economic Zone, the Ho Chi Minh City gateway. There are borders, international border gates, and seaports from Ho Chi Minh City and the Southeast to provinces and cities in the Mekong Delta. Promoting those potentials and advantages, together with the close attention and direction of the Government, the support and support of ministries, central agencies, and provinces, over the years, The Party committee, Government, and people in the area have made efforts and determination, focusing on promoting economic restructuring towards industrialization and modernization based on science, technology, and innovation.

In addition, Long An has a strategic geographical location, sizeable industrial land fund, synchronous transport infrastructure, clear legal policies, and a dynamic government. From the beginning of 2021 to now, the area of ​​industrial land has increased by 80.06ha. Many companies have received investment licenses, such as Saigontel Long An Co., Ltd., Tan An Thanh Industrial Park Joint Stock Company, and Thai Tuan Group Joint Stock Company. Twenty-two industrial zones in the province are eligible to receive investment, with a total area of 5,067.67ha with more than 500ha of industrial land available for lease; in which there are 16 active industrial zones with a natural land area of ​​3,776.67 ha, leased land area 2,394.18 ha, occupancy rate about 89.55%.

For the border gate economic zone, there are two foreign investment projects with a total investment capital of 75 million USD, with an area of ​​21.2 ha, and two domestic investment projects with a land leased area of ​​0.66 ha. There are 22 operating CCNs with an occupancy rate of 77.6%; attracted 622 projects with a leased land area of ​​756.4 ha, the land area ready to receive an investment of about 251 ha.

2. Attractive land price

Long An has the characteristic that it is the place to welcome the driving force of the southern critical economic development – Ho Chi Minh City and the surrounding areas. Again, the province has a large land fund, a soft price, and is on the rise, so it is more suitable for many mid-range financial investors who prefer safe, long-term, and sustainable investments.

3. Attracting FDI

With quite particular advantages, over the years, Long An has also promoted investment promotion in various and flexible forms suitable to the socio-economic situation. The province has 13,590 enterprises (enterprises) registered for an establishment with a total registered capital of 349,430 billion VND. The area attracts 2,113 licensed domestic investment projects with a registered capital of 251,614.8 billion VND; 1,124 FDI projects with a total registered investment capital of 9,334.5 million USD, of which 588 projects have been put into operation, accounting for 52.3% of total registered projects, with a total implemented capital of about 3,624 million USD, reaching 38.8 % of total registered capital.

FDI projects investing in the province come from 40 countries and territories: Taiwan, Korea, Japan, Singapore, Thailand, and the United States,… Fields attracting foreign investment The major ones are the textile and garment industry, the leather and footwear industry, the animal feed processing industry, poultry, seafood, food processing, beverage, and manufacturing sector. And these FDI projects are concentrated in the critical economic region of the province bordering the city. Ho Chi Minh City, such as Duc Hoa, Ben Luc, Can Duoc, Can Giuoc, and Tan An City.

4. The abundant source of raw materials

At the same time, Long An has advantages in accessing abundant raw materials to serve the agricultural and food processing industry in the Mekong Delta region – a critical agrarian production area of Vietnam. Another unique thing, from very early on, Long An focused on planning the construction of industrial parks and industrial zones to attract investment. With the planning of 35 industrial zones and 62 industrial zones on  ​​nearly 15,000 hectares of industrial land adjacent to the city. Within a 30 – 40km radius from Ho Chi Minh City, Long An is always ready to meet the requirements of premises, location, and infrastructure for investors to quickly and conveniently deploy investment in production and business.

Long An has the advantage of a smooth and convenient transportation infrastructure. The traffic network through National Highway 1A, National Highway 62, National Highway 50, and especially the inter-provincial traffic system spreading in many directions helps Long An has a unique connection advantage with surrounding provinces.

5. Traffic infrastructure and particular connection location

In addition, synchronous transport infrastructure is also a great advantage of the locality. Long An has National Highway 1, National Highway N2, National Highway 50, Ho Chi Minh City – Trung Luong Expressway, Ben Luc – Long Thanh Expressway. For many years, the province has invested a lot in infrastructure, especially traffic infrastructure connecting continuously between industrial zones and industrial zones in key economic regions of the area to serve industrial development in the province. As for navigation, the section has Long An International Port at the mouth of the Soai Rap River. This port has received ships of 30,000DWT and in the future from 50,000-70,000DWT. From the above advantages, the province’s investment environment is always open, attractive, safe, and effective for investors.

In addition, National Highway 1A connects Ho Chi Minh City – Long An – Western provinces in just a few hours. The highway system of Ho Chi Minh City – Trung Luong, Ben Luc – Long Thanh helps Long An connect directly with the port system of Hiep Phuoc, Cat Lai, Cai Mep – Thi Vai, and Long Thanh international airport. Rach Mieu Bridge 2, when put into operation, helps traffic flow more than the Long An – Tien Giang – Ben Tre route.

Moreover, in the economic restructuring strategy towards service-finance – high technology of Ho Chi Minh City, Long An is considered an expansion area for convenient relocation of the best industrial plants. Spreading over districts in Long An are dozens of large industrial parks such as An Ha Industrial Park, Duc Hoa 1 Industrial Park, Duc Hoa 2, Duc Hoa 3, and Xuyen A Industrial Park.

Therefore, Long An has become a new location for concentrated industrial parks, attracting tens of thousands of experts, engineers, and workers to live and work for a long time.

6. Logistics – the highlight of Long An

With logistics center projects, Long An is expected to be a vital driving force in promoting socio-economic development of the province, becoming a focal center for logistics activities, creating more favorable conditions for production and business enterprises, expanding international economic relations, promoting domestic and international trade.

Director of the Department of Planning and Investment – Huynh Van Son said that, in addition to focusing on industrial development, Long An also promoted exploiting the province’s potential and advantages to attract and call for investment in a logistics center project. Long An has planned six logistics centers in different areas in the region. In the Ben Luc district, there will be three logistics centers located in communes: Thanh Phu, Thanh Loi, and Luong Hoa, with about 110ha.

Accordingly, Long An province will give priority to attracting investment in the industrial application of high technology, advanced industry, clean industry, and supporting industry; at the same time, developing industry – handicrafts must ensure not to cause damage and injury to the environment, agricultural economy, tourism, and national defense and security.