Economy

Long An had a spectacular breakthrough when it increased by 6 places to the position of Top 10 provinces and cities with the best provincial competitiveness index (PCI) in 2022 with 68.45 points.

The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10% to 8% for a number of goods and services to boost the economy.

Long An has a 134km border with Cambodia, with Binh Hiep International Border Gate (Kien Tuong Town), My Quy Tay National Border Gate (Duc Hue District), Hung Dien A Sub-Border Gate (Vinh Hung District).

In April 10 and 11, Plant Protection Department, International Trade Center in collaboration with Department of Agriculture and Rural Development of Long An organized a training course of dragon fruit growing areas.

The value of textile and garment exports in the first quarter of 2023 reached 7.1 billion USD, down 17% compared to the same period in 2022, due to the impact of global inflation, according to the General Statistics Office.

The Government assigned the Ministry of Industry and Trade to work with agencies and localities in finalizing a plan to adjust the average retail electricity price in accordance with the new price bracket.

Minister of Industry and Trade Nguyen Hong Dien and Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi of the United Arab Emirates have signed a Ministerial Declaration on starting negotiations.

The People's Committee of Dak Lak province has recently issued a plan to improve the infrastructure of industrial clusters and establish a logistics and hi-tech industrial centre in Buon Ma Thuot city by 2025.

Vietnam exported 1.7 million tonnes of rice in the first quarter of 2023 worth over 900 million USD, a 19% increase in quantity and 30% rise in value compared to the same period in 2022.

Glutinous rice is one of the main crops of Thu Thua district, Long An province. Therefore, the successful establishment of the Thu Thua Glutinous Rice certification mark is considered an important milestone.

The agricultural sector of Long An province has many mechanisms and policies to encourage and promote chain production in the form of contracts between farmers, cooperative groups, cooperatives and enterprises.

On April 4, Chairman of the Provincial People's Committee - Nguyen Van Ut chaired an online conference with departments, branches and localities to assess the socio-economic situation in the province in the first quarter of 2023.