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Economic miracle in Long An: Private companies drive successful growth!
The private economic sector in Long An is a key to socio-economic development, growing rapidly and creating jobs.
Economic miracle in Long An: Private companies drive successful growth!
The private economic sector in Long An Province has proven to be a key growth driver for socio-economic development. How Vietnam.vn reports, this sector has contributed significantly to the region's gross domestic product (GDP) and created many jobs. GDP per capita increased impressively from VND29.56 million in 2011 to VND107.3 million in 2024.
As of March 2025, 19,515 private companies had already been registered in Long An, with a total capital of VND392,709 billion, aiming to reach a total of 20,000 companies by the end of 2025. The sector is expected to account for 70% of the province's GDP by 2025 and 75% by 2030. The state budget will be significantly strengthened by this sector, with expected revenues of VND 20,159 billion in 2023 and VND 25,800 billion in 2024.
Industrial parks and job creation
A central element of growth are the industrial parks, in which around 212,000 jobs were created in 2024 alone. 305,000 jobs are expected by 2030. Tttfic.com highlights that Long An ranked second in 2023 and third in 2024 in the Competitiveness Ranking (PCI). With 37 planned industrial parks covering nearly 13,000 hectares, 18 of which have an occupancy rate of over 86%, Long An is an attractive location for investors.
The development of industrial infrastructure, such as the Southeast Asia Industrial Park in Can Giuoc District, is a key factor in the region's economic success. This park was established in 2016 by Dong Tam Industrial Park Joint Stock Company and covers a total area of nearly 2,000 hectares. The projects in this park include the Southeast Asia Urban Area and the International Port Long An.
Transportation and incentives for investors
The transport connections are another advantage of the region. Long An is conveniently located near major transportation routes including the Ho Chi Minh City – Trung Luong Expressway and national highways. Additionally, several seaports are within reach, making trade and business easier.
The industrial parks not only offer modern infrastructure that also meets waste management and fire protection requirements, but also numerous incentives for investors. The exemption from annual fees applies to the use of land until 2066 and various support services are offered, such as free advice and support in recruiting workers.
Future outlook
In the long term, the private sector in Long An aims to further strengthen its international reputation. Companies such as Dong Tam Group and Hai Son Company Limited have already successfully developed niches in the construction materials and logistics sectors. Projects in the real estate sector, such as those by Thang Loi Group, further promote urbanization in the region.
In summary, the dynamic development of the private sector in Long An is a significant driver of innovation and economic stability. With support from local business associations and a targeted policy agenda, Long An shows great potential for further growth.