In the first 3 months of 2024, Nghe An granted 18 new projects with a total registered capital of more than 12 trillion VND.

According to the report of the Provincial People's Committee, in 2024, as of March 20, the whole province has newly granted (approved investment policy/issued investment registration certificate) to 18 projects, with a total registered investment capital of VND 12,274.2 billion. Of these, there are 17 domestic investment projects and 1 foreign direct investment (FDI) project.

Newly licensed projects with large investment capital include: Nghi Lien Urban Area, Vinh City with capital of over 6 trillion VND; Residential area in Yen Trung block and Sy Tan block in Quynh Di ward, Hoang Mai town with over 669 billion VND; New residential area in Hung Hoa commune, Vinh city with 342.14 billion VND; Project to invest in building technical infrastructure of Dien Thang Industrial Cluster, Dien Chau district with 321 billion VND; High-performance battery factory in Hoang Mai I Industrial Park with investment capital of 40 million USD...

Also in the first quarter of 2024, the Provincial People's Committee adjusted 39 projects, of which the total investment capital of 14 projects was adjusted, increasing by VND 2,352.1 billion, bringing the total newly granted and adjusted capital to over VND 14.6 trillion. Compared to the same period in 2023, the total newly granted investment capital increased by 2.48 times.

Among the newly licensed projects, there are 16 investment projects outside economic zones and industrial parks, with a total registered investment capital of more than VND 11 trillion, accounting for 88.9% of the number of projects and 89.8% of the total newly licensed investment capital in the first 3 months of 2024.

The Provincial People's Committee also adjusted 22 projects, including adjusting the investment capital of 7 projects, increasing the total capital by more than 1 trillion VND. For investment projects in economic zones and industrial parks, in the first quarter of 2024, 2 new projects were granted with a total registered investment capital of more than 1.2 trillion VND.

For FDI projects, there is 1 project with a total registered investment capital of 40 million USD. In the first quarter, the Provincial People's Committee also adjusted the capital for 4 FDI projects with a total investment capital increase of 43.6 million USD, bringing the total newly granted and increased capital to 83.6 million USD.

Along with the improvement in new investment projects, in the first quarter, as of March 20, 2024, the whole province had 602 newly established enterprises with a total registered capital of more than 6.1 trillion VND, an increase of 127.04% over the same period in 2023. There were 291 enterprises returning to operation.