According to the report of Nghe An Provincial People's Committee, by the end of September 2022, the whole province had newly granted (approved investment policy, granted Investment Registration Certificates for 80 projects with a total registered investment capital of 18,342 billion VND. 79 projects were adjusted, of which the total investment capital of 29 projects was adjusted (increased by 13,144.4 billion VND). The total newly granted and increased capital was 31,487 billion VND. Compared to the same period in 2021, the number of newly granted projects increased by 6.67%, the total newly granted and adjusted capital increased by 43.67%.
In particular, in the first 9 months of 2022, for the first time, Nghe An was among the top 10 localities attracting the largest FDI investment in the country, with a total newly granted and adjusted capital increase of 605.42 million USD. A number of large-scale industrial projects have basically completed the procedures and are expected to start construction in 2022 to increase new production capacity such as: Everwin Precision Vietnam electronic components project (October 2022), Ju Teng Group's electronic components and auto parts manufacturing project (started on September 22, 2022); in addition, preparing to put the Goertek Vina Project into operation, expanding the capacity of the Luxshare electronic components factory in VSIP Industrial Park.
The occupancy rate in each industrial park is also promising. VSIP Nghe An Industrial Park, with a favorable location, located on major arterial roads of Vinh city, has a total area of 750 hectares, of which industrial park land is 367 hectares, is an industrial park with complete, synchronous, high-class infrastructure, of international stature. As of September 2022, VSIP Nghe An Industrial Park has attracted 31 investment projects (including 13 FDI projects), reaching an occupancy rate of 53% and is expected to attract more than 40,000 local workers. The total investment capital attracted from 31 projects in VSIP Nghe An Industrial Park reached 13,046 billion VND, of which 29 projects have been granted Investment Registration Certificates. Representative of the Korean Business Association in Nghe An, Mr. Jun Hyun Soo - General Director of SangWoo Vietnam Company (with a factory in VSIP Industrial Park) highly appreciated the investment environment in Nghe An, saying that Nghe An is a good land for Korean investors, most projects with investment capital from Korea are operating effectively in Nghe An.
According to the leader of VSIP Nghe An Co., Ltd., VSIP Nghe An Industrial Park currently has 21 investment projects that have come into operation, creating initial jobs for more than 14,000 local workers, 4 other investors are building factories and the remaining 7 investors have completed investment procedures and are carrying out planning procedures to implement construction. Among the FDI enterprises investing in VSIP, there are Luxshare ICT Co., Ltd., An Nam Matsuoka Garment Co., Ltd., Innovative Manufacturing Solutions Viet Nam Co., Ltd., MERRY&LUXSHARE (Vietnam) Co., Ltd., Woosin Vina Co., Ltd.
At Hoang Mai Industrial Park 1, Hoang Thinh Dat Group and its partners have just held a groundbreaking ceremony for the investment project to build a factory to produce electronic components and auto parts for Ju Teng, a group from Taiwan. This is a key project with a total investment of 200 million USD in phase I, employing about 6,000 - 9,000 workers, previously a factory of Hoa Loi Group.
According to the report of the Southeast Economic Zone Management Board, up to now, the economic zone and industrial parks have 274 valid investment projects, with a total registered capital of VND96,550 billion, equivalent to USD4.17 billion; of which, there are 61 foreign direct investment (FDI) projects, with a total registered capital of USD1.9 billion, accounting for about 87% of the total FDI capital invested in Nghe An province. There are 213 domestic investment projects, with a total registered capital of VND53,207 billion. Currently, there are 132 enterprises in operation, creating jobs for about 35,000 workers with an average income of over VND7,000,000/person/month; annually contributing about 13% of the total provincial budget revenue.
From directly attracting each project, spanning many countries, Nghe An has made a new move in approaching investors, which is to attract reputable industrial park infrastructure investors, from which, infrastructure investors call on secondary investors that they understand best to create leading birds, leading to other projects. By attracting and creating maximum conditions for investors VSIP, WHA, Hoang Thinh Dat... Nghe An has welcomed a wave of investment from Korea, Taiwan, Thailand... With the completion of the overall adjustment of the general planning for the construction of the Southeast Economic Zone to 2040, building a plan to develop industrial parks and integrated economic zones in the provincial planning for the period 2021-2030, with a vision to 2050, in which, the Southeast Economic Zone is expanded to about 80,000 hectares... Nghe An is affirming its new position in attracting FDI.
Talking with Mr. Bui Duy Dong - Director of Nghe An Investment, Trade and Tourism Promotion Center about the next solutions in investment promotion, he said: To continue to effectively carry out the task of promoting investment in Nghe An, the province needs to implement synchronous solutions: Complete the Nghe An Provincial Planning for the period 2021-2030, with a vision to 2050. Review, supplement and adjust sectoral and field planning in accordance with reality and attract investors. Focus on removing procedures related to investment, land access, specifying investment procedures, land use rights auction process, bidding process to select investors for projects using land, etc. Research and develop new mechanisms and policies that are attractive and have competitive advantages with other provinces to attract investors interested in considering investing in Nghe An province. Focus on site clearance, ensure clean and timely handover of sites to investors, prioritizing key projects in progress such as VSIP Nghe An Urban and Service Industrial Park; WHA Nghe An Industrial Park; Hoang Mai I and II Industrial Park. Do a good job of on-site investment promotion for enterprises that have implemented and are implementing projects after being granted investment licenses. Improve the capacity of the staff working in promotion, professionalize and modernize from style and method, investment promotion techniques, have professional qualifications, understand each market and culture of partners; promote the potential and strengths of the province to domestic and foreign investors.
In addition, strongly reform administrative procedures according to the one-stop, one-stop regulations, creating the most open, transparent, equal and favorable investment and business environment for investors. Maximize support from investment and trade promotion organizations, foreign business associations based in Vietnam such as: AusCham; Kotra, Jetro, EuroCham, Korea Chamber of Commerce and Industry (KCCI) ...; organize domestic and foreign investment promotion conferences and prepare well for labor and logistics conditions for factories.