Improve the transportation system, create incentives to attract investment.

The key project Provincial Road 830E helps connect traffic from provincial roads to Ho Chi Minh Road, Ho Chi Minh City Ring Road 3, Ho Chi Minh City Ring Road 4, attracting businesses to invest.

Step by step improvement of traffic infrastructure system

Long An has a favorable geographical location as it is located in the Southern Key Economic Zone , the gateway from the Southeast region to the Mekong Delta provinces and vice versa. The province has a national border, a system of border gates, river ports to the sea, especially adjacent to Ho Chi Minh City - the country's major economic center, so it has many favorable conditions to promote socio-economic development.

With a potential strategic location, the synchronous development of the transport system is very important, not only to meet the freight transport needs of the province but also of the region. Recognizing that importance, in recent terms, mobilizing all resources to invest in building the transport system has been identified as one of the breakthrough programs to implement the Resolution of the Provincial Party Congress.

A series of large-scale, inter-regional transport projects have been invested in and put into use, contributing to the completion of the province's transport system, meeting the travel and freight transport needs of people and businesses inside and outside the province.

Particularly in the 2020-2025 term, the province has identified 3 key traffic projects including completing Tan An City Ring Road and the bridge over the Vam Co Tay River; Provincial Road (DT) 830E (section from the expressway interchange to DT830) and DT827E. These are all projects of strategic significance in socio-economic development.

In particular, the Tan An City Belt Road and the bridge over the Vam Co Tay River have been completed and put into use since the end of 2023, creating a continuous and continuous traffic axis, opening up a new urban development space for Tan An City.

For the DT830E project, construction units are currently focusing on accelerating progress, ensuring completion as planned by the end of 2025. This project not only contributes to the improvement and completion of the traffic infrastructure system in Ben Luc district, Long An province, but also connects traffic from the province's roads to Ho Chi Minh road, Ho Chi Minh City Ring Road 3, Ho Chi Minh City Ring Road 4, attracting businesses to invest.

The province is also completing procedures to implement the DT827E project to gradually form an important economic driving force connecting Ho Chi Minh City with Long An and Tien Giang.

In addition to key projects, the province actively implements projects under the Breakthrough Program to mobilize all resources to build a synchronous transport infrastructure system to serve the development of industry and urban areas in the province's key economic zones with projects such as DT823D, upgrading DT825, Luong Hoa - Binh Chanh road, etc. to complete the province's transport system in a synchronous, modern, and highly connected manner, thereby creating a difference and mark so that the province can be proactive in attracting investment and developing the economy.

Creating motivation to attract investment and develop socio-economy

Ho Chi Minh City's Ring Road 3 is about to be completed, giving the province more room for new development.

According to the Department of Finance, Long An is the first province in the Southern region and the 10th locality nationwide to have its Provincial Planning for the 2021-2030 period approved, with a vision to 2050.

This is an important foundation for the province to realize its goal of becoming a dynamic, effective and sustainable economic development center of the Southern region by 2030, becoming a gateway on the urban-industrial economic corridor of the Mekong Delta region, closely connecting with Ho Chi Minh City, the Southeast region and an important cooperation and trade hub with Cambodia.

According to Director of the Department of Finance - Truong Van Liep, implementing the Provincial Planning, in recent times, the province has focused on mobilizing, allocating and effectively using all resources to complete a synchronous and modern strategic infrastructure system, ensuring overall connectivity.

In particular, the province pays attention and prioritizes resources to complete socio-economic infrastructure, especially transport infrastructure with large, key transport projects with regional connectivity to create momentum to promote economic development.

Important traffic projects have been and are being implemented in the province such as Tan An City Ring Road, Ho Chi Minh City Ring Road 3, DT823D, DT830E,... after completion, they will greatly contribute to perfecting the traffic system, clearing bottlenecks, helping the province to rise up in economic development.

According to statistics, during this term, industrial production continued to develop more sustainably, attracting many capable investors. The industrial production index recovered year by year.

The industrial production index in the 2020-2025 period is estimated to increase by 6.62% per year, the scale of the industry is constantly increasing, by 2025 it is estimated to reach 102.7 trillion VND, an increase of 69.4% compared to 2020.

In particular, the quality of the investment environment has improved as the province has synchronously implemented solutions to support businesses in production and business activities, strengthening investor confidence.

In particular, the Provincial Competitiveness Index maintains a high ranking, especially in 2023 it will rank 2nd in the country, and in 2024 it will rank 3rd in the country. This helps the province become an attractive destination for investors, especially FDI investment, ranking in the top 10 in the country, attracting many large investors with capacity and experience in the fields of processing, manufacturing, high technology, and clean industry.

To date, the province has 20,165 registered enterprises with a total capital of VND400,967 billion; 2,287 domestic investment projects with a registered capital of over VND510,000 billion.

In addition, the province attracted 1,409 foreign investment projects with registered capital of nearly 12.8 billion USD, of which about 300 projects with investment capital of more than 4.6 billion USD were attracted during the term; of which, 635 projects were in operation with a total investment capital of 4.213 billion USD.

Many strategic investors, large-scale projects, modern technology, high added value have invested in the province, gradually affirming their role as a driving force in economic development such as the LNG Power Plant Project with a registered capital of more than 3.1 billion USD, the Suntory Pepsico Long An Project with a total registered investment capital of more than 185 million USD, the Coca-Cola Vietnam Beverage Company Limited Branch Project in Long An with a total registered investment capital of more than 136 million USD, Thai Tuan Textile Finishing Factory with a total registered investment capital of 12,800 billion VND,...

Mr. Truong Van Liep said that investing in the transport system not only reduces traffic congestion and facilitates the transport of goods, but also shortens the time it takes to transport goods between industrial zones and clusters, localities in the province, between the province and provinces in the Southeast and the Mekong Delta. This helps businesses reduce transport time, save costs, improve the efficiency of production and business activities, and enhance competitiveness.

This is also an opportunity and condition to help the province gain a competitive advantage over other localities and open up new development space in attracting investment, especially projects on industry, urban areas, trade and services in the future./.

Perseverance

Source: https://baolongan.vn/hoan-thien-he-thong-giao-thong-tao-dong-luc-thu-hut-dau-tu--a195358.html