Economy

Identifying the development of logistics services as an important economic sector, Long An is focusing on developing infrastructure, especially transport infrastructure, warehouses and applying new technology in logistics.

Value-added pangasius products, including dried fish maws and fish skin snacks, are increasingly popular among international consumers, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). ​

According to the Long An Provincial Economic Zone Management Board, currently, industrial parks in the province attract nearly 2,000 projects, including nearly 1,000 FDI projects and 953 domestic projects.

Cashew nuts are one of the exports which have created a large market for Vietnam, however, the industry faces the risk of trade deficit due to higher raw material prices.

Vietnam's fruit and vegetable exports are projected to see continued strong growth in the remaining months of the year, helping the sector to achieve its goal of 7 billion USD in export revenue.

Like other localities, Thu Thua district, Long An province identifies the development of high-tech agriculture as an inevitable trend in agricultural production.

Despite the difficluties, businesses are making great efforts to stand firm and develop. In the last months of 2024, businesses will focus on promoting production and business activities, completing set goals.

With the role of connecting farmers, scientists, businesses and the State, agricultural cooperatives are considered an important link in agricultural economic development.

According to Long An Provincial Economic Zone Management Board, by the end of September 2024, nearly 700 hectares of clean land in industrial parks in the province are available for lease.

From September 29 to October 3, Long An will participate in displaying and connecting the consumption at the Mekong Delta OCOP Product Connection Forum in 2024.

Vietnamese banks' profitability is expected to be squeezed following their provision of debt relief to support borrowers affected by a recent deadly typhoon, according to the latest report by S&P Global Ratings.

While some real estate companies have paid large dividends to investors, many others in the sector still have to struggle to rotate capital sources to pay debts and reinvest.