Long An is one of the five provinces with highest competitiveness index of Vietnam
It is known that the PCI 2017 investigated more than 10,000 enterprises in 63 provinces and cities across Vietnam, including 1,765 foreign-invested enterprises from 47 other countries.
Apart from administrative procedure items such as business registration, land registration, license, the PCI 2017 analyzed the feeling depending on the level of support from local authorities such as human resources, activeness and also the spirit of listening and solving problems of Long An province.
Regardless of the oscillation from 2011 to 2017 in the index, Long An province has generally never fallen outside the ranking of top 20 provinces in Vietnam. In addition, Long An has devoted much effort to improving operation in 2017, resulting in the obvious change in the PCI.
Why is the competitiveness index of Long An Province improving?
As shown in the data table, the key factor making Long An's competitiveness index improve is the strategic location, which creates favorable conditions for investors in market access. With a score of 8.71 in the Market Entry item, Long An facilitates the market development activities thanks to its location which is neighboring Ho Chi Minh City and the Mekong Delta as well as an important gateway connecting the Southern key economic area.
Additionally, the activeness and quickness in procedures are advantages for Long An to improve its competitiveness. Besides, factors such as business support, legal institutions and land access have also improved significantly over the years.
During recent years, Long An has been making many efforts to strengthen investment promotion activities and to support enterprises through many forms such as helping solve difficulties and problems for enterprises (both domestic enterprises and FDI enterprises) via meetings, dialogues; establishing inspection delegations for administrative reform and civil service inspection; surveying the satisfaction level of enterprises regarding business procedures. Moreover, administrative agencies have operated more effectively and time for administrative procedures has been more shortened.
Long An will continue to improve its competitiveness index
During year 2017, Long An had always actively created favorable conditions to attract investment and to develop business environment for enterprises. As a result, there are hitherto more than 9,300 enterprises in operation with total registered capital of 223,491 billion Vietnamese dong. In addition, Long An Province has issued investment certificates for over 1,400 domestic investment projects with a total capital of 155,368 billion Vietnamese dong and 863 foreign investment projects with a total capital of 5,469 million USD.
After more than 12 years of operation as a pioneer industrial park in the field of investment environment and infrastructure development, along with the advantageous location (adjacent to Ho Chi Minh City), Long Hau Industrial Park is recognized as a typical example contributing to improving competitiveness index of Long An province. After more than 12 years of operation and providing the support activities for pre and post investment, Long Hau Industrial Park has attracted more than 170 investors, of which foreign enterprises accounts for nearly 50% including countries of Japan, South Korea, USA, France, Singapore...
Photo: VCCI
By Sale and Marketing Department - Long Hau Corporation
