LONG AN ATTRACTS $114.6 MILLION OF FOREIGN INVESTMENT IN FIRST QUARTER

In the first quarter of 2020, the southern province of Long An attracted the total foreign capital of $114.6 million, up $26.5 million compared to the same period last year.

In the first quarter of 2020, Long An granted 26 investment certificates to foreign investment projects with the total committed capital of $105.7 million and raised $120 million for 11 operational projects. The total capital, both newly-registered and added capital, is $114.6 million, increasing by $26.5 million compared to the same period last year.

Long An has attracted $6.324 million in foreign investment with 1,049 projects so far. There are 585 projects in operation, which takes 55.7 per cent of the total registered projects. These projects have disbursed$3.624 million, or 57.3 per cent of the total committed capital.

In the first quarter, domestic investors registered 341 new businesses with the capital of VND3.41 trillion ($148.26 million).

So far, there have been 11,697 businesses registering capital of VND307.561 trillion ($13 billion) within the province.

There are 16 industrial zones in operation on a total of 2,293 hectares, with 86.46 per cent of the land area being used. The total industrial land area being used increased by 18.37ha in the first quarter. Economic Zones along the border have received two foreign-invested projects with the total capital of $75 million. There are 21 industrial clusters with the total fulfilment rate of 89.7 per cent at the moment. Additionally, the state budget also reached VND4.62 trillion ($197 million), 27.5 per cent higher than the target.

According to Tran Van Can, president of Long An provincial People’s Committee, COVID-19 has affected the consumption of main agricultural products such as dragonfruit, as well as the import-export and manufacturing operations of businesses.

Moreover, the impacts of water shortages were aggravated by rapid saline intrusion, which are drying out and killing plants, and have ruined 990ha of crops.

Source: VIR

Related News

MEMBER CORNER / PROMOTIONS

DOING BUSINESS WITH CHINA 2.0

As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.

Apr 17, 2026

HR / LABOUR/ EMPLOYMENT

VIETNAM TAPS AI TO CONNECT MILLIONS OF WORKERS WITH EMPLOYERS

Vietnam’s Ministry of Home Affairs on April 14 launched a national job exchange at vieclam.gov.vn, a key digital platform designed to directly connect more than 53.6 million workers with nearly one million businesses. The platform goes beyond a conventional job portal, positioning itself as a nationwide data-integrated ecosystem. Its technological highlight is the use of artificial intelligence (AI) to automatically analyze and match job vacancies with workers’ skills and experience.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS

Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1

Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.

Apr 16, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026

In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.

Apr 16, 2026

BANKING / FINANCE / INSURANCE / TAX

US$250-MILLION DEAL ADVANCES VIETNAM’S GREEN CREDIT PUSH

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has secured a US$250-million sustainable financing package to support green agriculture and small and medium-sized enterprises (SMEs), marking a major step in mobilizing international capital for priority sectors. The facility was arranged in partnership with the Asian Development Bank (ADB), alongside international partners including the Japan International Cooperation Agency (JICA) and the Government of Canada.

Apr 16, 2026