Long Hau IP commits to supporting investors

Long Hau JSC, the park developer, made the commitment at the May 26 meeting between the company, the People’s Committee of Long An province as well as many government agencies, with participation of more than 70 companies in the Long Hau Industrial Park, the American Chamber of Commerce in Vietnam and Japanese Business Association of Ho Chi Minh City.

At the meeting, firms talked to local authorities and government agencies on the difficulties they had been facing during their operations and heard answers for their questions. Firms asked for proper notification before power outages in order to plan their activities accordingly, investment in roads to make transportation easier, help in completing administrative procedures, healthcare for workers. They also expressed concern about the lack of trained workers and asked the province’s department of taxation to update them on tax policies more timely so that they could better fulfill their responsibility.

In addition, Deputy Chairman of the Long An Provincial People’s Committee Pham Van Ranh informed firms of incentives and policies in investment, infrastructure, taxation and environment as well as the development plan of Long An.

On the occasion firms also displayed their products and met with other firms to discuss possible cooperation.

According to the local authorities’ data, in the year to end-April, the province saw the establishment of 240 new companies with the investment capital of VND1.75 trillion ($82 million), up 8 in number and VND112 billion ($5.25 million) in the registered capital. As of end-April there were 381 active projects in the province with the combined investment capital of $2.29 billion.

Long Hau Industrial Park currently houses 96 firms and their 12,000 employees.

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