Outstanding marks in investment attraction of Nghe An in 2021

As of the morning of December 30, Juteng International Group and Hoang Thinh Dat Industrial Park were still discussing to resolve the final knots.

Investment certificate awarding ceremonyJu Teng Electronic Product and Auto Parts Factory Projectof investor Excel Smart Global Limited deployed on an area of ​​1,200,000m2 at Hoang Mai 1 Industrial Park (Hoang Mai town) took place a few hours later, marking a new success in attracting investment in 2021 of Nghe An province in the extremely difficult context of the Covid-19 pandemic.

Nghe An Provincial People's Committee, Hoang Thinh Dat Joint Stock Company and Ju Teng Group signed an Agreement in principle on land lease. Photo: Pham Bang

Early 2021, atWHA Industrial Zone 1 - Nghe AnThe groundbreaking ceremony for the factory manufacturing electronic products, network equipment and multimedia audio products also took place. The factory of Goertek Vina Precision Industry Co., Ltd., under Goertek Technology (HongKong) Co., Limited, was granted an Investment Certificate by the Southeast Economic Zone Management Board in October 2020. The total investment capital of the project is 2,300 billion VND, equivalent to 100 million USD.

The factory is built on an area of ​​nearly 40 hectares, located in WHA Industrial Zone 1 - Nghe An, Southeast Nghe An Economic Zone.

Hoang Mai town seen from above. Photo: Ho Long

Also in 2021, the People's Committee of Nghe An province granted the project investment registration certificate to Everwin Precision Vietnam Technology Co., Ltd. at VSIP Nghe An Industrial Park and Service Urban Area. The project has a total investment of 200 million USD.

Also in 2021, many factories and construction works in the area were invested and put into operation such as Minh Anh Garment Factory in Tan Ky, the groundbreaking of the North-South Expressway through Nghe An, and the expansion of the Vissai general port..Some other licensed projects such as:Commercial service area and petrol station in Hung Dong commune, Vinh city of Thien Ha An Trading Joint Stock Company (232.27 billion VND), NAGACO Quynh Luu Factory of Nam Dinh Garment Joint Stock Company (155.28 billion VND), adjusted expansion of phase 2 of WHA Industrial Park by 354.5 hectares.

A corner of WHA Industrial Park No. 1 Nghe An in the Southeast Economic Zone. Photo: source

Also in 2021, at the end of the year (December 28), the Prime Minister decided to approve the investment policy of the Project "Priority infrastructure and urban development adapting to climate change in Vinh city, Nghe An", borrowing capital from the WB.

Mr. Bui Duy Dong, Director of Nghe An Center for Investment, Trade and Tourism Promotion, said: In 2022, Nghe An will continue to research and evaluate the potential, trends and investment partners from countries with investment projects in Nghe An, especially large corporations from Japan, Korea, Thailand, Singapore, Taiwan, China, Hong Kong and Australia. Expand research on the potential of investors from Europe (Poland, the Netherlands) and the US,... to collect information to clearly identify the needs and investment trends of each partner, thereby proposing approaches, establishing communication channels and proposing effective forms of investment promotion organization, saving resources from the budget.

Biomass pellet processing plant in VSIP Industrial Park. Photo: Tran Chau

In addition, proactively develop research topics on investment promotion with a number of strategic partners and major investors to attract investment in 2022 and the following years to propose effective investment approaches and promotion methods, in line with the orientation and strategy on investment attraction of the Central, the region, the area and the province.

According to the statistics, as of November 30, 2021, the whole province has newly granted 106 projects and adjusted 118 investment projects with a total newly granted and increased capital of VND 28,072.80 billion; an increase of 41.33% in the number of projects and 2.92 times in the total registered investment compared to the same period in 2020.