Nghe An: Awarded Investment Policy for 6 Projects Worth 390 Million USD
On the morning of January 13, at the Conference to announce the Planning of Nghe An province for the period 2021 – 2030, vision to 2050 and the overall adjustment project of the General Construction Planning of Southeast Nghe An Economic Zone (EZ) up to 2040, Nghe An province awarded investment registration certificates to representatives of 6 projects with a total investment registration of 390 million USD, equivalent to 9,550 billion VND. Projects awarded investment policy decisions include 1 project implemented by domestic investors and 5 FDI projects in the fields of high technology, components, electronic equipment, green energy…, including:
– Hoang Mai II Industrial Park Infrastructure Investment and Construction Project of Hoang Thinh Dat Joint Stock Company in Quynh Vinh commune, Hoang Mai town, in Southeast Nghe An EZ, total investment of 1,900 billion VND; scale of land use is 334.79 hectares.
– Radiant Opto – Electronics Vietnam Nghe An Factory Project of Radiant Opto-Electronics Corporation (Taiwan) in VSIP Nghe An Industrial Park in Southeast EZ, total investment of 120 million USD, scale of land use is 6.1 hectares.
– Everwin Precision Technology Factory Project of Everwin Precision Technology Co., Ltd. (Vietnam) in VSIP Nghe An Industrial Park in Southeast EZ, total investment of 115 million USD, scale of land use is 16.5 hectares.
– Luxcase precision technology project of Casetek Singapore Private Limited Company in VSIP Nghe An Industrial Park in Southeast Economic Zone, total investment of 24 million USD, scale of land use is 10.9 hectares.
– Technology Xinfeng Vietnam Factory Project of Fujian Tan Phong Technology Co., Ltd. (China) in WHA Industrial Park in Southeast Nghe An EZ, total investment of 32 million USD, scale of land use is 4.37 hectares.
– GaoJia Optics Technology Vietnam Factory Project of Cao Giai Giang Tay Photovoltaic Technology Co., Ltd. (China) in WHA Industrial Park in Southeast Nghe An EZ, total investment of 20 million USD, scale of land use is 4.4 hectares.
The Management Board of Southeast Nghe An Economic Zone said that from the beginning of 2023 until now, the Board has approved investment policies and issued investment certificates for 23 projects (including 17 FDI projects) with total registered capital of 26,656 billion VND; adjusted capital increase of VND 6,024 billion for 11 projects.
In 2023, Nghe An’s total product growth rate is estimated to increase by 7.15%, ranking 26/63 localities nationwide and third in the North Central region. Total export turnover is estimated at 3.11 billion USD, up 22.6% over the same period. The province is in the top 10 localities attracting the largest FDI investment in the country, with over 1.6 billion USD.
As of December 22, 2023, 116 new projects have been granted in the entire province, an increase of 3.6 times compared to 2022; adjusted 185 projects. The combined newly allocated and adjusted capital amounts to 57,891 billion VND, significantly surpassing the annual plan of 30,000-35,000 billion VND. Specifically, the aggregate amount of fresh and expanded FDI capital has surpassed USD 1.6 billion.
In 2023, the province has attracted 1.603 billion USD of foreign direct investment (FDI), an increase of 66.8% compared to 2022, ranking 8th of province and city nationwide; of which, attracting 1.595 billion USD to the Southeast Economic Zone.
