Long An Customs: Accompanying and supporting FDI enterprises

VCN - Long An is one of the leading provinces in the Mekong Delta in attracting foreign direct investment (FDI). Together with local Government authorities, Long An Customs Department has been implementing many solutions to accompany and support FDI enterprises.
Long An Customs put more efforts to collect revenue in difficult times Long An Customs put more efforts to collect revenue in difficult times
Long An Customs: Preventing fraud in export processing and production Long An Customs: Preventing fraud in export processing and production
Long An Customs removing obstacles to support businesses Long An Customs removing obstacles to support businesses
A customs officer of Duc Hoa Customs Branch, Long An Customs Department guide customs policies for an enterprise. Photo: T.D
A customs officer of Duc Hoa Customs Branch, Long An Customs Department guide customs policies for an enterprise. Photo: T.D

Prime location to attract FDI

In the first four months of 2022, Long An Customs Department carried out customs procedures for 1,372 enterprises, up 2.5% year-on-year. Of which, there are 421 enterprises with FDI capital, accounting for 60% of the total number of enterprises in the area. Total import and export turnover reached US$3.77 billion, accounting for 6.4% of the whole sector’s turnover (US$58.49 billion).

With the position of the "gateway" of the Mekong Delta, adjacent to Ho Chi Minh City, with a convenient transportation system connecting the East and Southwest economic regions, Long An is considered a province with a prime location to attract investment.

Currently, industrial parks and clusters of Long An province have attracted many large enterprises.

Long An province is a bright spot and leads the Mekong Delta region in attracting FDI. According to the report of the People's Committee of Long An Province, the investment attraction in Long An has many positive signs when in the first three months of 2023, about 350 enterprises and more than 600 individual business households were established, with a total capital of about VND4,600 billion.

After promotion activities in three Asian countries and Australia, there are 17 newly licensed FDI projects with a total capital of US$180 million.

In particular, the outstanding feature is the logistics service project of Lotte Eco Logis Long An Co., Ltd., which is being urgently carried out with a total investment from Korea in phase 1 of VND306 billion, equivalent to more than US$13.4 million.

With an area of more than 79,000 m2, expected to be completed and put into use in the fourth quarter of 2023, this project was granted an investment certificate after only one day of submitting the registration application.

Mr. Le Van Thanh, Project Development Manager of Lotte Vietnam Construction and Engineering Co., Ltd., said that there are many reasons for Lotte Company to choose Long An to invest in the second warehouse project in the South. The most convenient is that the investment certificate is granted very quickly.

Lotte is always looking for new investment opportunities. According to the assessment, Long An still has a lot of potential and market share for development. Besides, Vietnam is being planned to become a transit hub, so foreign corporations are very interested in Vietnam in general and Long An in particular.

In addition to a number of corporations such as STS, Yushin, CJ, Lotte, Iraq, and Coca-Cola, Long An has connected and signed about 20 memorandums of understanding and cooperation contracts between provincial enterprises and foreign enterprises. Currently, Long An has received over US$10 billion of FDI from 40 countries and territories; the top investors are South Korea, Japan, and Taiwan.

Listening to and accompanying enterprises

Contributing significantly to the development of the province, Long An Customs Department has made great efforts in administrative reform and trade facilitation. According to Deputy Director of Long An Customs Department Le Nam Quoc, Long An Customs has implemented administrative reform and customs modernization solutions to shorten the clearance time and enable the import and export activities of enterprises in the province, including FDI enterprises, which has been appreciated by the business community.

As a company regularly carrying out import-export procedures at Long An Customs Department, Ms. Le Thi Thuy Lieu, Head of Import-Export Department of ESPERSEN Vietnam Co., Ltd., said that the company has always received the support of customs officers of Long An Customs Department, shortening customs clearance time and releasing goods for production in a timely manner.

Ms. Le Phan Uyen, the representative of Quy Tien Tien Trading and Service Company Limited, said that the company provides services for 14 FDI enterprises with a huge flow of import-export goods, but with the dedicated support of Long An Customs, import-export goods of the company are always released quickly.

At the seminar on solving problems of Korean businesses related to electronic tax payment transactions with banks, Deputy Director General Le Nam Quoc said that South Korea is the second large investor among nearly 40 countries and territories in Long An with over 200 projects and total investment of about US$940 million.

Currently, 81 Korean enterprises out of a total of 143 enterprises located in Long An province have made customs declarations at branches under the Long An Customs Department and their major industries are garment, leather shoes, bags, and electronics.

FDI enterprises are on the way to stable recovery FDI enterprises are on the way to stable recovery

VCN - Despite being quite shy about new investments, foreign investors still increase investment capital for effective ...

Following the direction of the General Department of Customs on implementing digital customs, and smart customs, Long An Customs Department will continue to reform and simplify administrative procedures, strengthen the IT application into operations; accelerate learning and exchange of experiences in the unit and with other local Customs branches; give priority to fast clearance to reduce time and costs for businesses, especially for fresh fruit products during the season.

At the same time, Long An Customs will apply risk management measures, and implement online public services, automated seaport management, and national single-window to facilitate customs clearance.

By Thu Diu/ Huyen Trang

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