LONG AN TAKES LEAD IN ATTRACTING FDI IN MEKONG DELTA

The southern province of Long An has launched a number of measures to improve the investment environment and raise the provincial competitiveness index (PCI). By 2020, the province strives to become a modern and sustainable industrial province.

Currently, Long An Province took the lead in attracting Foreign Direct Investment (FDI) among localities in the Mekong Delta with nearly US$6 billion in 800 projects. The total FDI realization accounted for more than 50%, reaching around US$3 billion.

Six nations and territories were the largest investors of the province including the United Kingdom, Taiwan (China), Japan, Singapore, the Republic of Korea and the U.S.

These FDI projects have made breakthroughs in the province’s industrialization and modernization, promote economic restructuring, form an economic center, create more jobs and protect the environment.

From now till 2020, the province is calling for investment in 16 projects with a total investment of more than US$7 billion.

The province has strived to improve its PCI so to be listed in top 10 among 63 provinces and cities nationwide.

Source: VGP

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