Management Board of Southeast Nghe An Economic Zone: Proactively accompanying businesses and investors

PRACTICAL, EFFECTIVE

In addition to the attraction of the highest investment incentive policies of the Government, the infrastructure of industrial parks is invested synchronously and modernly, the leadership and close direction of the Provincial Party Committee, Provincial People's Committee and the advantages of land, human resources, incentive mechanisms, etc., investors are assured and confident in choosing industrial parks and the Southeast Nghe An Economic Zone.

The synchronous infrastructure system of industrial parks: VSIP, WHA, Hoang Mai I... The traffic infrastructure in the province, in the Southeast Economic Zone is also increasingly complete and synchronous, creating inter-regional and regional connections. And what makes the difference is the attention, understanding, companionship and support for businesses and investors of local State management agencies; in particular, the leaders of the Southeast Economic Zone Management Board are always concerned to innovate promotion methods,investment attraction and supportfor maximum efficiency...

Chairman of the Provincial People's Committee Nguyen Duc Trung inspected the planning of the coastal area of ​​Nghi Tien commune (Nghi Loc). Photo: Pham Bang

In 2022, the Southeast Economic Zone Management Board focused on improving the efficiency of investment promotion activities, proactively connecting and working with partners and investors, advising the Provincial People's Committee to work with Taiwanese investors in Hanoi, working with Goertek, Luxshare, Ju Teng, Everwin, Compal, Foxconn Groups; organizing a provincial working delegation to promote investment in Taiwan and Korea. Regularly coordinating with infrastructure companies of VSIP, WHA, Hoang Mai I industrial parks to support investors in surveying, researching investment, preparing investment project proposal documents, supporting to speed up the implementation of related administrative procedures to promptly start construction of large-scale projects such as: JuTeng Project in Hoang Mai 1 Industrial Park; Everwin Precision Project in VSIP Industrial Park...; Completed and put into operation a number of projects such as: An Nam Matsuoka in VSIP Industrial Park, Nakano in WHA Industrial Park phase 1.

In addition, to enhance competitiveness in attracting labor, the Management Board has supported enterprises in implementing projects, accelerating the progress of worker housing areas, ensuring social security and benefits for workers. Specifically, it has granted investment licenses for 2 social housing projects for workers in Nghi Loc district, with a scale of providing accommodation for 20,000 workers; successfully organized conferences connecting supply and demand, supporting recruitment, labor training, logistics services, financial services, and banking.

In 2022, industrial parks and the Southeast Economic Zone are bright spots in attracting foreign direct investment (FDI) with 17 newly licensed projects and 6 projects with increased capital, with a total registered investment capital of over 890 million USD/plan of 400 million USD, up 196% over the same period in 2021, exceeding 123% of the plan and accounting for 94% of the total FDI capital invested in Nghe An province. That result significantly contributed to Nghe An province being in the top 10 localities attracting the highest foreign investment capital in the country for the first time. The export value of enterprises in industrial parks and the Southeast Economic Zone reached 21,300 billion VND, up 45% over the same period in 2021, accounting for 37% of the province's export turnover. The total number of workers working in the Southeast Economic Zone and industrial parks is 30,000, with an average income of 7.3 million VND/person/month.

Workers work at Luxshare ICT Nghe An Limited Liability Company in VSIP Nghe An Industrial Park. Photo: Thanh Duy

Up to now, the Southeast Economic Zone and industrial parks in the province have attracted 283 investment projects with a total registered capital of over VND 104,740 billion. Of which, there are 68 FDI projects with a total registered investment capital of nearly USD 2,235 million; accounting for nearly 59% of the number of projects and over 87% of the total FDI capital in the province.

Provincial leaders, along with all levels, sectors and the Southeast Economic Zone Management Board, have focused on attracting investors to build synchronous industrial parks with complete infrastructure. Therefore, in the face of the shift in new investment waves, in nearly 3 years of the complicated Covid-19 pandemic, industrial parks: VSIP, WHA, Hoang Mai I still successfully attracted 4 FDI investors in the global supply chain in the technology sector, such as: Goertek, Everwin, JuTeng, Luxshare ICT, with a total investment capital of 1.23 billion USD, creating an important foundation and basis for the formation of atechnology center, electronicsof the North Central region.

Perspective of Ju Teng Electronic Product and Auto Parts Factory of Ju Teng Electronic Technology Vietnam Co., Ltd. starting construction at Hoang Mai I Industrial Park, Hoang Mai town. Photo: Document

CREATE NEW DEVELOPMENT SPACE AND MOTIVATION

To maintain and increase the pace of investment attraction, creating new development momentum for industrial parks and the Southeast Economic Zone, the Southeast Economic Zone Management Board continues to coordinate with local Party committees, authorities and departments and branches to accelerate the progress of site clearance, complete the construction of infrastructure for 3 key industrial parks (VSIP 1, WHA phase 2, Hoang Mai 1); Proactively accompany and accelerate the progress of approving investment policies for 2 infrastructure projects of Tho Loc A Industrial Park phase 1 (VSIP 2), Hoang Mai 2; Prepare for planning and conditions for developing new industrial parks (WHA phase 3, 4; Tho Loc B, Nghia Dan, ...); accelerate the progress of investment in the construction of Cua Lo deep-water port, social housing construction projects. This can be considered a "one-step ahead" preparation to welcome large investors to Nghe An.

In addition to "building nests" to welcome "eagles",Southeast Economic Zone Management BoardSynchronously implement effective solutions to strongly improve the business investment environment, coordinate with industrial park infrastructure investors to promote and advertise the potential and advantages of Nghe An province to investors; propose solutions to attract and train high-quality human resources. At the same time, promptly resolve difficulties, obstacles and recommendations of investors, strengthen the firm confidence of investors in Nghe An and spread and positively impact new investors.

Infrastructure of the Southeast Economic Zone is gradually being completed to welcome investors. Photo: Thanh Cuong

With the attention and support of the Government, central ministries, branches, and leaders of Nghe An province, the Southeast Economic Zone Management Board pledges to continue to stand side by side, accompany and actively and effectively support investors with the viewpoint, goal, and working motto: "Correct - Good - Fast", so that industrial parks and the Southeast Economic Zone of Nghe An become investment locations: "Convenient - Safe - Reliable".