Economy

Enterprises are the main production and business force, making the largest contribution to the economy. Leaders of Long An province determines that the difficulties of enterprises are also of the province.

Economic Zone Management Board of Long An reported that, since the beginning of 2023, industrial zones in the province have attracted investment in 10 new projects.

With the Government’s drastic measures to address problems related to legal bottlenecks, lack of capital access, and challenges in corporate bonds, the real estate market is expected to recover from the third quarter.

Amid international economic integration, it is vital for farm producers and retailers to meet internationally recognised standards to gain access to local and international markets, experts said.

The electronics industry has seen good progress in recent years, accounting for about 18% of the total industrial production value and more than 30% of the total export revenue of the country.

The distribution systems of foreign retailers have become an effective and sustainable export channel, and the Ministry of Industry and Trade will continue to support domestic firms to make the most of this channel.

On February 23, 2023, the Provincial People's Committee held a meeting between provincial leaders and diplomatic agencies, associations and businesses.

Since the end of 2022, many enterprises in processing wood, textiles, footwear, electronics, mechanics,etc in the province have had shortages and cut orders, resulting in many employees having their working hours reduced.

The Mekong Delta city of Can Tho has proposed building O Mon bridge over the Hau river to connect the city with Dong Thap province.

The export of dragon fruit, banana and durian is expected to contribute 2 billion USD to the country’s export turnover in 2023.

After nearly 4 years of implementing the program "One commune, one product", despite significant investment, there are only 5 cooperatives in Long An province that have OCOP certified products.

It is expected that on February 23, 2023, People's Committee of Long An will hold a meeting between provincial leaders and diplomatic agencies, associations and businesses.