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600ha of industrial land in Long An is welcoming to investors

Currently, Long An province has 35 industrial parks with a total area of nearly 12,000ha; in which, 27/35 industrial parks had investment registration certificate with an area of nearly 8,800ha; in which 16/27 industrial parks are operating with a total planned area of nearly 3,800ha, Industrial land area of nearly 2,700ha, the leased area of nearly 2,400/2,700ha (occupied rate is 89.55%), the remaining area for leasing is 306ha in which the ready area for leasing is 144/306ha.

Due to the remaining land fund for lease in industrial parks are not much, Long An province is very focused on promoting infrastructure developers invest and construct industrial parks to attract investment. As a result, the fund of eligible industrial land for lease has increased from 144ha to 600ha. In particular, the Huu Thanh IDICO Industrial Park has about 120ha; Long Hau 3 Industrial Park (phase 1) has about 40ha; Dong Nam A Industrial Park has about 38ha; Phuoc Dong Industrial Park has about 92ha; Tran Anh Tan Phu Industrial Park has about 40ha; Viet Phat Industrial Park has about 133ha; Duc Hoa III-Slico Industrial Park has about 70ha.

Huu Thanh IDICO industrial park has availble land fund of 120ha for lease. Image: IDICO.

In parallel with infrastructure investment, many industrial park developers have signed Memorandum of understand for lease land with secondary investors.

The construction of industrial parks has many advantages but also difficulties. Most industrial park projects in the province have problems in the clearance work, which greatly affects the progress of the project; sometimes it is required to adjust the construction planning to match the reality due to the inability to implement the clearance.

Up to now, in the province's industrial parks have attracted nearly 1,700 projects, including 814 FDI enterprises with total registered capital and adjusted capital increase of nearly 5 billion USD and 870 domestic enterprises with total registered capital and adjusted capital increase of nearly VND 95,000 billion, Employment for nearly 200,000 workers.

Long An has a favorable geographical location, located in the southern key economic region, the gateway from Ho Chi Minh city and the Southeast to the provinces and cities of the Mekong Delta; there are borders, international border gates, seaports ...

These are very favorable factors to attract investors. In recent years, the province has also focused on accelerating the economic restructuring towards industrialization and modernization, taking industrial development, trade - services and urban areas as the driving force for development.