its advantages and made offers to Japanese businesses at a meeting with
the Outward mission on August 23.
Pham Van Ranh,
Vice Chairman of the provincial People’s Committee, said like other
parts of the country, Long An has emerged as a destination for foreign
investors, citing advantages of political stability, steady economic
growth and an industrious workforce.
“The province has a good land reserve for industrial and urban development and infrastructure construction,” Ranh said.
Long An authorities confirmed that labour strikes in foreign
companies did not make any impact on the province. They also presented a
new model for small investors who may rent a lot of just 100 sq. m. of
land in the Long Hau industrial zone. Japanese investors were also
assured of administrative reforms with very simple paper work.
Licences will be issued in 24 hours after all forms are filled, authorities emphasised.
The Mekong Delta province has so far granted licences for 328 foreign
investment projects capitalised at almost 3.18 billion USD, including
the 11 projects by Japanese investors with a combined investment of 188
million USD. One of the 11 Japanese-invested projects was licensed in
2010 with a capital of 100 million USD.
The
Japanese business mission, led by Sato Shi Abe, Director of the ASEAN
investment sharing sector under the Japan centre, was shown around
several industrial zones. The guests also visited the Vina Eco Board
Limited Liability Company under the Sumitomo Group and the Kaiyo Seafood
Processing Company./.
The factors that are allocated to high yield is a wealth of talented Indian scientists, researchers, engineers and labor highly educated and English democracy makes it an attractive destination for manufacturers. Already, industrial production rose a strong robust performance in the manufacturing sector, especially in the capital and consumer goods, has introduced a series of double-digit growth of 11.5 percent in May 2010.
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