Long An calls for investment in 17 major projects
(VOV) - The southern province of Long An has recently attracted a significant number of local and foreign investors, becoming an economic spearhead sector the Mekong River Delta region.
An April 16 seminar featuring foreign investor participants from a variety of nations and territories have discussed Long An’s potential for cooperation and sustainable development.
The province briefed investors on 17 projects with a particular focus on seeking interest in developing a high quality and environmentally friendly industrial zone, an advanced technology zone, the agro-forestry and fishery industries, environmental management services,and human resource, infrastructure, and tourism sector improvements.
Addressing the seminar, Deputy Prime Minister Vu Van Ninh emphasised the need for infrastructure development to echo the demands of the broader modernisation effort and prioritise strategic projects connecting the key southern economic zone to the Mekong River Delta.
He said the province should pay attention to training sufficiently qualified human resources, encouraging the application of science and technology, and facilitating technology transference. It should enhance administrative reforms to address difficulties facing enterprises and investors and to create an open and attractive investment environment.
The FDI sector’s has increased its contributions to Vietnam’s GDP from 2 percent in 1992 to around 20 percent last year. The foreign-invested sector currently represents around 25 percent of the country’s total investment, constituting 55 percent of total export turnover (including crude oil) and generating two million jobs.