Long An seeks to attract investors to its industrial zones

Created 12 June 2017
  • PDF
Editor Choice
Share
(0 votes, average 0 out of 5)

Industrial zones and complexes are central to socio-economic development and attracting investors, the Long An Province Department of Industry and Trade has said.

Thái Hòa Industrial Zone in Long An Province. — File Photo

 

They account for half of the Cửu Long (Mekong) Delta province’s US$4 billion annual trade, it said in a report.

Long An, which neighbours HCM City, has 28 industrial zones (IZs) and a similar number of industrial complexes (ICs), some operational and others under construction.

The 25 that are operational have attracted over 1,000 domestic and foreign projects worth over $5 billion.

Phan Nhân Duy, director of the province’s Department of Natural Resource and Environment, said the number of industrial zones and complexes have kept increasing in the province, and the focus is now on quality instead of quantity.

The province is now soliciting investment in them, he said.

Thái Hoà Industrial Zone in the Đức Hoà III Industrial Zone, for instance, is offering incentives such as tax holidays and flexible land leasing policies to attract high-tech companies.

Trương Văn Triều, head of the Long An industrial zones management, said many other IZs too are striving to offer the best incentives and facilities to investors.

But projects in the zones should be environment-friendly, he underlined.

The province does not welcome projects that harm to the environment, he said.

Long An has the highest economic growth rate of all provinces in the delta. It has good transport infrastructure and borders Cambodia.

Its average economic growth in the 2012-20 period is estimated at 13 per cent a year.

 

Source: VNS

Maybe You Also Interesting :

» Fire in Nội Bài Industrial Zone put out

Fire-fighters in Hà Nội’s Sóc Sơn District are investigating the cause of the huge fire in Nội Bài Industrial Zone, which was put out at 3am on...

» Long An attracts over 500 FDI projects

According to the Long An Economic Zone Management Board, the local industrial zones have attracted around 1,224 investment projects. 

» Hà Nội leader to fix all workers’ problems

Hà Nội’s top politician has promised to solve all issues in the daily lives of all workers in the city soon, including shortages of housing, cultural...
loading...

Popular News Categories:

- Asia & Asean  |  EU & Russia  |  America

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet