Long An is a province in the Mekong Delta, Vietnam. With favorable geographical location and infrastructure being planned for investment, Long An easily receives the attention and investment of domestic and foreign enterprises and becomes one of the leading localities in the country in attracting foreign direct investment (FDI). According to statistics, in the first 10 months of 2019, Long An province has granted 109 new projects and FDI enterprises with a total newly granted capital of 320 million USD, up 38 projects compared to the same period in 2018. Up to now, over The province has 1,009 FDI enterprises with a total registered capital of 6,166 million USD, of which 576 enterprises are in operation, the total investment capital is 3,614 million USD. The sectors that attract the most FDI capital are apparel, footwear, food processing, food and beverage processing. FDI projects are concentrated mainly in the key economic regions of the province such as Duc Hoa, Ben Luc, Can Duoc, Can Giuoc and Tan An City. Currently, there are about 38 countries and territories investing in the province, of which Taiwan, China, Korea, Japan and Singapore have the highest DA numbers.
Recently, FDI enterprises have contributed significantly to the strategy of economic restructuring to the industry - construction and service sectors, contributing to budget revenues, increasing export turnover, creating jobs, technology transfer, domestic production and service promotion. The province has nearly 900 enterprises participating in import and export activities, in which FDI enterprises account for a large number. Goods exported to more than 120 countries and territories, including: rice, cashew nuts, seafood, leather shoes, apparel, textiles, yarn, mechanics, steel, batteries, electronic products, computers, ... It can be affirmed that FDI enterprises play a very important role in the socio-economic development of Long An province.
Although attracting FDI has achieved many important results, Long An has certain limitations. Most FDI projects are of small scale and low added value. FDI projects also focus on labor-intensive industries such as textiles, footwear, ... few investment projects in supporting industry, high-tech industry, not many large-scale delegations, famous brands invest in production and business in the province. In addition, in Long An, FDI enterprises in operation are still low compared to enterprises granted investment certificates, currently only 576 enterprises / 1,000 FDI enterprises come into operation with a total investment of 3,614 million USD of the total registered capital of US $ 6,166 million.
In the coming time, Long An will continue to promote its geographical position to attract investment, especially FDI enterprises. Accordingly, the province is focusing on investing in completing infrastructure driving axes, especially transport infrastructure in key economic regions serving industrial development, including intra-provincial axes, inter-provincial and inter-regional, especially the transport axes connecting with HCMC. The government of Long An province continues its best efforts for an open investment environment, in order to make Long An an attractive investment destination, a strong brand in attracting investment in Vietnam./.