Excellent investment environment recognized by South Korean enterprises in a province bordering Ho Chi Minh City

"While I haven't invested in all 63 provinces, based on my personal experience, the investment environment in Long An is the most stable among the provinces I have done business in," shared Mr. Ho Joong, Chairman of the Korean Chamber of Commerce and Industry in Long An.

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Long An International Port

Recently, Long An province solemnly organized a meeting between the provincial leaders and the Associations, Associations, and Enterprises to celebrate the Lunar New Year 2024.

The meeting was attended by: former Deputy Prime Minister – Truong Hoa Binh; Provincial Party Secretary, Chairman of Provincial People’s Council – Nguyen Van Duoc; Deputy Permanent Secretary of Provincial Party Committee, Head of Provincial National Assembly Delegation – Nguyen Thanh Hai; Deputy Provincial Party Secretary, Chairman of Provincial People’s Committee – Nguyen Van Ut; former provincial leaders; members of the Provincial Party Committee Standing Committee; Deputy Chairmen of Provincial People’s Committee; representatives of departments, localities; representatives of Associations, Associations, Enterprises and Entrepreneurs in the province.

At the meeting, Long An Provincial Party Secretary shared that in 2023, in the context of a volatile and unpredictable global economic and political situation, which can be said to be even more difficult than 2022, had a significant impact on the socio-economic development of Vietnam in general and Long An province in particular. However, it is precisely in the “test of gold fire, the hard times”, with innovation in thinking and action, a series of decisive measures have been implemented in all areas. 

Provincial Party Secretary, Chairman of Provincial People’s Council – Nguyen Van Duoc delivering a speech at the meeting

Specifically, the province’s economic growth reached 5.77%, higher than the national average; the scale of the provincial economy ranked 13th in the country; per capita GRDP exceeding 96 million dong; state budget revenue reached 21,000 billion dong; domestic and foreign investment attraction increased compared to the same period. Many notable events were organized and many important national and provincial transportation projects were started, making Long An truly a “great construction site”. Especially, the province always focuses on taking good care of the people’s lives, determined to “not let anyone be left behind”, “every Long An citizen enjoys the fruits of growth”.

Especially, in the current challenging environment, businesses face many difficulties and challenges. They have to solve both input and output problems in production, balance finances with many arising costs. However, the business community, both inside and outside the province, still demonstrates a high level of social responsibility. Many businesses proactively and voluntarily contribute to the construction of rural bridges and roads; upgrade many historical sites; build many new schools…

On the occasion of Tet holiday 2024, businesses were very concerned and made efforts in social security work, especially in supporting the poor, the poor workers, the unemployed, reduced working hours, and difficult circumstances in society, with a total budget of nearly 100 billion dong.

The Chairman of the Provincial People’s Committee – Nguyen Van Ut wished the businesses a successful new year

The Deputy General Director of Coca-Cola Beverage Vietnam Co., Ltd. – Bui Khanh Nguyen commented that as an investor, the company feels the attraction of Long An as a “magnet” with continuously improved infrastructure, investment-friendly, transparent and attractive investment environment. After the meeting, the company expressed its gratitude to the provincial leaders and agencies for their constant attention and creating the best conditions for the company’s smart, environmentally friendly factory construction activities in the province. The company has achieved progress and efficiency to officially put it into operation as soon as possible.

Chairman of the Korean Trade and Industry Association in Long An – Ho Joong speaking at the meeting

“Although I have not invested in all 63 provinces and cities, according to my personal feelings, among the provinces and cities where I have invested and done business, the investment environment in Long An is the most stable due to the determination to develop the local economy and the support policy for investment by the leaders at all levels in Long An. This is also the reason why an increasing number of businesses have been investing in Long An. Business development is economic development, contributing to the social security of the people, creating employment for workers in the province. On behalf of the Korean Business Association in Long An, we hope to invest and accompany Long An province more in the near future” – Mr. Ho Joong shared.

In concluding the meeting, the Provincial Party Secretary, Chairman of the Provincial People’s Council – Nguyen Van Duoc expressed confidence that in the coming time, the business community will continue to play a pioneering role in applying science and technology; investing in increasing labor productivity, productivity of all comprehensive factors, digital transformation; contributing to the reform of administrative procedures, improving the quality of human resources… From there, it is possible to proactively respond to all situations, promote production and business activities in the new situation, and contribute together for the common development of Long An.

SOURCEcafef
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