The economy of Vietnam is recovering and growing incredibly fast.
One of the provinces driving the tremendous growth potential is Long An Province. Most are unaware that the province of Long An bridges Ho Chi Minh City to the north, no less than 12 provinces to the south and Cambodia to the west. Its location makes it more cost-efficient for the transportation of goods in and out of the Mekong Delta Region.
What you probably did not know about the emerging economy in Southern Vietnam
Long An Province is a rising star as evidenced by its GDRP growth of 9.43% for the first nine months of 2022 alone.
The province has already attracted numerous global brands and rapidly continuing to gain foreign investments because of its prime location and steep economic growth with the strong support of the provincial and national government.
Long An already attracted 1,152 FDI projects worth over USD 9.96 billion to date.
It is currently home to 22 industrial parks occupying 2.900 hectares, and 22 industrial clusters totaling to 1.100 hectares, which will expand to a total of 37 industrial parks occupying 12,000 hectares.
In order to accelerate the achievement of Long An’s enormous potential, further infrastructure development projects have been prioritized and recently launched by the national and local governments to link Long An with Ho Chi Minh City and the rest of the Southern Key Economic Region.
500,000 TEUs container handling capacity coming soon
The great potential of Long An Province means that the presence of a new container port makes absolute sense to service the immediate needs of not just the province but the connecting economic areas as well.
Long An International Port is at the heart of transformational leaps that are taking place in the province of Long An.
With the construction of 2 new container berths, 6 quay cranes, 9 yard-blocks with reefer capacity, and the capability to handle over 500,000 TEUs annually, Long An International Port is set to offer the full suite of world-class container handling services by Q2 2023.
Major cost savings guaranteed
The port’s ideal location in the rising star province of Long An ensures several key competitive advantages, notably being the closest to the pilot station at 21 nautical miles, next to 22 industrial parks within Long An Province, and nearest to 12 other provinces to the south than any other terminal.
This benefits cargo owners, shippers, and shipping lines alike through the lowest overall transportation costs.