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Long An solicits all sorts of investment

Update: October, 08/2016 - 09:00
Viet Nam News

HCM CITY — Long An Province will solicit investment in residential areas, transport infastructure, industrial infrastructure and hi-tech agriculture, according to the province’s Department of Planning and Investment.

The province has prioritised supporting environmentally friendly industry, hi-tech agriculture, as well as projects using technology, value-added products, energy efficiency, Nguyễn Văn Tiều, the department director, told a press briefing held to introduce the Long An Investment Promotion Conference.

Planned in Long An for October 17, the conference will feature discussions on investment policy between local authorities, businesses and economists, enabling investors to understand more about the province, he said.

Trần Văn Cần, 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 VNĐ80 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 Cửu 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 $5.1 billion, he said.

It is also home to 1,259 local projects with a combined investment of VNĐ139.84 trillion. -VNS

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