Japanese investment soars in Long An province

July 31, 2023 | 09:08

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Highlighted in the recent Investment Promotion Conference, the Mekong Delta province of Long An's strong economic appeal is underscored by 138 Japan-invested projects, cumulatively worth over $760 million.

Japanese investment soars in Long An province

The 2023 Investment Promotion Conference took place in Long An province on July 28, themed "Long An - Integration and Development". The conference marked fifty years of diplomatic relations between Vietnam and Japan, while spotlighting Long An's strategic importance in Vietnam's national economic landscape.

Japanese consul general Ono Masuo highlighted Long An's strategic economic importance, praising its vibrant agricultural sector and rapidly growing industrial developments. He said that these characteristics, alongside beneficial investment policies, made the province a compelling proposition for Japanese investors interested in the Mekong Delta region.

Leaders from Long An People's Committee pointed out that 138 Japan-invested projects are currently rooted in the province, amassing investments of over $760 million. The increasing scale and capital of these projects symbolise the enduring confidence Japanese businesses hold in Long An's investment environment.

The conference also highlighted Long An's aim to enhance collaboration with Japanese partners across various sectors, including smart city development, e-government infrastructure, workforce training, labour market, and further official development assistance projects funded by non-refundable aid and concessional loans from the Japanese government.

Long An is poised to become a hub for development and a lucrative investment spot with its hospitable and conducive business atmosphere. The province is working towards its ambitious objective of becoming an industrially advanced province and envisions itself as a leading industrial, urban, and service centre in Vietnam by 2025.

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By Lam Tien

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