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Economy

Long An attracts $3.3 billion, leads in FDI in first half

Xuan Thinh Tuesday | 07/06/2021 21:45

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Southern province of Long has topped the nation by luring $3.3 billion foreign direct investment during the first half of 2021

Despite severe impacts of the COVID-19 pandemic, the locality has granted investment certificates to 77 domestic projects with a registered capital of nearly VND5,600 billion and 30 foreign investment projects with a total registered capital of more than $3.3 billion.

Among the granted projects, the Long An I and II LNG-fired power plant alone has a registered capital of more than $3 billion, Vietnam News Agency cited  the provincial Department of Investment and Planning.

Investor of the power plants to be built in Dong Binh hamlet, Phuoc Vinh Dong commune, Can Giuoc district is VinaCapital GS Energy Pte. Ltd. 

According earlier announcement, the plants with a capacity of 3,000MW will cover 156.14 ha of land. The Long An I Thermal Power Plant is scheduled for operation in two phases which is June and December 2025. The Long An II Thermal Power Plant will be put in use in June and December 2026.

According to the People's Committee of Long An province, from the beginning of the year, all levels and branches in the province have focused on implementing the tasks of attracting investment by inviting Japanese enterprises to study industrial zones in the locality. Local authorities have also worked with the Korea International Cooperation Agency and the Korean business delegation for the investment invitation.

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