Continue to improve PCI, improve investment environment

Strong efforts to improve the investment environment from within

In 2023, for the first time, the province "finished" in 2nd place on the national PCI rankings. With 70.94 points, the province's PCI had a spectacular breakthrough, rising 8 places on the rankings, achieving the highest score ever.

The PCI results also reflect the province's comprehensive efforts in improving the investment environment , making the province a bright spot, attractive to large domestic and foreign investors. This also affirms that the quality of provincial economic management continues to improve over time.

Provincial leaders regularly organize dialogues and meetings with businesses to promptly remove difficulties and build an attractive investment environment.

According to the Director of the Department of Planning and Investment - Truong Van Liep, immediately after the PCI rankings were announced, the province immediately started implementing solutions to improve PCI. Accordingly, from 2023, the province will deploy the assessment of the Department, Branch, Sector and Local Competitiveness Index (DDCI).

This is an important index of the province built on the basis of the PCI index implemented by the Federation of Industry and Commerce to assess the economic management capacity of departments, branches, sectors and district-level People's Committees to improve the quality of socio-economic management of the province.

At the same time, this is also the goal set by the Provincial People's Committee so that provincial departments, branches, and sectors and district People's Committees can unite and join hands to reform and improve the economic management capacity of units and localities, contributing to strongly improving the investment and business environment of the province.

“The implementation of the DDCI assessment is considered a strong step and reform effort of the province towards improving the investment and business environment and enhancing the province's competitiveness in a comprehensive and sustainable manner. Through the survey results and general assessment of the investment and business environment, the majority of enterprises and production and business establishments believe that the investment environment of the province is increasingly improving and the quality of management and operation of departments, branches, sectors and localities continues to have positive changes. This is also an important basis for units and localities to have appropriate adjustment solutions to improve the business environment, towards the ultimate goal of creating a more open and transparent business and investment environment, increasing trust in the government system and increasing the economic development momentum of the province" - Mr. Truong Van Liep said.

According to the Director of the Department of Planning and Investment - Truong Van Liep, with a very favorable location, the gateway to the West, adjacent to Ho Chi Minh City, in recent years, the province has focused on mobilizing all resources to invest in infrastructure development, especially traffic infrastructure, to meet development requirements. This also helps investors see the development potential of the province. At the same time, Long An is also the first locality in the South to have the Provincial Planning for the period 2021-2030, with a vision to 2050, approved by the Prime Minister.

The implementation of the Provincial Planning has exploited the advantages and potentials to attract investment. The statistics also show that a big bright spot in attracting investment in the province is that among the FDI projects investing in the Mekong Delta, about 70% of the projects are invested in Long An province. This is also the basis for showing the great position of the province as well as affirming the attractiveness of the investment environment.

Strengthening investment promotion activities

Along with the implementation of the DDCI Index assessment, in 2024, the province will promote domestic and foreign investment promotion activities to promote its potential, advantages, image, and open and attractive investment environment to investors and partners.

According to the Department of Planning and Investment, in recent times, the province has actively implemented investment promotion with many synchronous, focused and key solutions and achieved many important results. In investment promotion, the province's orientation is to proactively attract and selectively cooperate in investment, taking quality, efficiency, technology and environmental protection as priority criteria. At the same time, the province focuses on attracting large investors with potential capital and advanced technology to invest in the province's advantageous fields.

In particular, the provincial leaders proactively introduced themselves to large domestic corporations and investors and directly to many countries around the world to approach and invite large corporations and enterprises to invest in the province. This is also an important factor in creating an attractive investment environment in the eyes of investors.

Through investment promotion activities, a series of large domestic and foreign corporations have come to Long An to research, survey, and seek investment and business opportunities. Many strategic, potential, and reputable investors have implemented projects in the province.

The whole province currently has 19,515 registered businesses with a total registered capital of 392,709 billion VND.

With new and creative ways of promoting investment, in 2024, the province is honored to be in the top 10 most attractive localities for large enterprises. In particular, in 2024, 2,302 new enterprises were established in the province (up 31.8%) with a total registered capital of VND 23,233 billion, bringing the total number of registered enterprises in the province to 19,515 with a total registered capital of VND 392,709 billion.

Regarding foreign investment, during the year, the province granted investment certificates to 104 projects with newly registered capital of 507.83 million USD; adjusted capital for 85 projects with increased investment capital of 153.68 million USD. Up to now, the whole province has 1,377 FDI projects with registered investment capital of 12.6 billion USD, of which 635 projects are in operation, with total investment capital of 4.213 billion USD.

In particular, in 2024, many industrial and commercial projects with large investment capital will be started, typically the Suntory PepsiCo Vietnam Beverage Factory, Aeon Tan An Commercial Center, Thai Tuan Textile Finishing Factory, large, model urban areas of Ecopark, Vingroup,...

Committed to accompanying and developing with businesses

With the viewpoint of "Long An Provincial Government continues to accompany and develop with enterprises", in recent times, the province has focused on directing departments, branches and localities to further promote administrative reform, especially in the fields of investment, business registration, land, construction and environment; promoting comprehensive digital transformation, contributing to improving the quality, publicity and transparency in providing online public services to serve enterprises and investors with increasingly better quality. This is also one of the bright spots demonstrating the province's commitment to accompany and support enterprises. In particular, every year, provincial leaders regularly organize conferences to meet with enterprises, promptly listen to, grasp their thoughts and aspirations, and remove difficulties for enterprises.

Chairman of the Provincial People's Committee - Nguyen Van Ut affirmed that, with the viewpoint "Long An Provincial Government continues to accompany and develop together with enterprises", the province commits to not be afraid of difficulties in consulting, helping and supporting enterprises. "Enterprises choosing to invest in the province will be supported in legal procedures. For enterprises that have invested and are still facing difficulties in administrative procedures and land procedures, we will support and quickly resolve them for enterprises.

If the enterprises are operating in production and business, and the market is not yet stable, the provincial government will continue to support the connection of product supply and demand for enterprises. This is also a demonstration of the government's commitment to enterprises in a specific and real way," Mr. Nguyen Van Ut affirmed.

With the synchronous implementation of solutions to improve PCI and support businesses, the province's investment environment is increasingly open and transparent, bringing peace of mind and trust to businesses and investors, helping the province continue to maintain its position in the top group of the country in attracting investment./.

Long An province continues to effectively exploit competitive advantages, promote the role of regional connectivity, upgrade infrastructure, reform administration, innovate thinking and methods in investment promotion, proactively contact and provide information to large and potential investors; digitize and publicize information documents about the province. These are solutions that the province has identified as strategic breakthroughs to strongly improve the investment and business environment, helping the province get closer to domestic and foreign investors.

Director of Department of Planning and Investment - Truong Van Liep

Perseverance

Source: https://baolongan.vn/tiep-tuc-nang-cao-pci-cai-thien-moi-truong-dau-tu-a191112.html