8 FDI projects 'pour' 2.2 billion USD into Nghe An, adding growth momentum of 10.5%
Nghe An is focusing on supporting 8 large FDI projects to come into operation this year to contribute to growth.
To contribute to achieving the growth target of 10.5% in 2025, Nghe An sets a growth target of 17.54% for the industrial sector, in which the processing and manufacturing industry continues to be the driving force for the province's growth with a growth target of 18.86% this year.
According to the Plan to implement the scenario of growth of gross regional domestic product (GRDP), for the industrial and construction sectors, Nghe An aims to support 8 large FDI projects expected to come into operation in 2025.
In VSIP Industrial Park, there are projects including: Luxcase Vietnam Precision Technology Co., Ltd. Project, with capital of 473 million USD; Luxshare - ICT (Nghe An) II Project, with capital of 358.5 million USD; Innovation Precision Vietnam Co., Ltd. Project, with capital of 165 million USD; Radiant Opto-Electronics Vietnam Factory Project, with capital of 145 million USD.
In WHA Industrial Park, there are projects including: Project of manufacturing electronic products, network equipment and multimedia audio products of Goertek Vina Precision Industry Co., Ltd., with capital of 325 million USD; Project of Fu Wing Interconnect Technology Nghe An Co., Ltd., with capital of 200 million USD; Project of investing in new facilities of Sunny Automotive Optics Vina, with capital of 150 million USD.
In Hoang Mai I Industrial Park, there is a project of a factory producing monocrystalline silicon bars and semiconductor discs of Runergy Vietnam Technology Co., Ltd., with a capital of 440 million USD.
In addition, the province focuses on supporting the stable development of the capacity of large FDI projects that have come into operation by the end of 2024, including: Luxshare - ICT Nghe An Project, with a capital of 151.5 million USD; Ju Teng Electronic Product and Auto Parts Factory Investment Project, with a capital of 200 million USD; Everwin Precision Technology Vietnam Co., Ltd. Project, with a capital of 165 million USD; Tan Viet Metal Science and Technology Factory Project of Yongjin Metal Science and Technology Vietnam Co., Ltd. Project, with a capital of 125.2 million USD.
The province focuses on completing procedures for approving investment policies and bidding to select investors to implement the Quynh Lap LNG Power Project (capacity of 1,500 MW, expected total investment of 2.11 billion USD) expected in the first quarter of 2025.
In addition, the province focuses on supporting businesses to boost the production of key industrial products from newly operational projects including: Leather footwear products (expected output of 90 million pairs, up 63.64%); auto components and spare parts, optical lens products, semiconductor discs (650 million products, up 12.07%); MDF wood products - laminated wood, packaging products...
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At the same time, support 3 new hydropower plants to come into operation in 2025 with a total capacity of 78.8 MW, including: Chau Thon - 29.8 MW (expected to generate electricity in the first quarter of 2025), Suoi Choang - 4 MW and Ban Mong - 45 MW.
Nghe An Provincial People's Committee has established a Working Group to direct the industrial sector to proactively grasp the situation, promptly support operating factories to maximize their capacity, and at the same time, support to remove difficulties, speed up the progress of ongoing projects to put them into operation in 2025 to supplement production capacity. Striving for the industrial production index (IIP) to increase by 14.5% or more compared to 2024.
