Nghe An is expected to have the second consecutive year of attracting FDI exceeding the 1.6 billion USD mark.

On the afternoon of November 27, the Standing Committee of Nghe An Provincial People's Council held a thematic meeting to review reports and draft resolutions submitted by the Provincial People's Committee to the 25th Session of the 18th Provincial People's Council.

Comrade Hoang Nghia Hieu - Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council chaired and directed.

Attending the working session were comrades: Nguyen Nam Dinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Council; Nguyen Nhu Khoi - Member of the Provincial Party Executive Committee, Vice Chairman of the Provincial People's Council; Nguyen Van De - Member of the Provincial Party Executive Committee, Vice Chairman of the Provincial People's Committee; leaders of the Provincial People's Council Committees and departments and branches.

At the working session, the Standing Committee of the Provincial People's Council reviewed the report of the Provincial People's Committee on socio-economic development in 2024; tasks in 2025 and the draft Resolution on the socio-economic development plan in 2025.

The audit results show that in 2024, Nghe An's business investment environment will continue to improve, attracting foreign direct investment (FDI) will continue to be a bright spot.

In 2024 (as of November 25), the whole province has newly granted (approved investment policy/issued investment registration certificates) to 77 projects with a total registered investment capital of VND 22,059 billion.

At the same time, 157 projects were adjusted, of which 40 projects were adjusted with a total registered investment capital increase of VND 22,730 billion. The total newly granted and adjusted capital was VND 44,789 billion.

In particular, Nghe An Provincial People's Committee said: FDI capital alone has attracted 13 projects, adjusted 12 projects with the total newly registered and adjusted investment capital in the 11 months of 2024 reaching 977.83 million USD.

It is expected that in 2024, Nghe An province will attract 1.696 billion USD of FDI capital when a number of projects are completing investment procedures, including a project with a capital of up to 555 million USD.

Previously, in 2023, Nghe An attracted FDI capital exceeding 1 billion USD for the first time; reaching 1.603 billion USD, an increase of 66.8% compared to 2022, ranking 8th among provinces and cities nationwide.

In 2022, Nghe An attracted 961.3 million USD, for the first time in the top 10 localities attracting the largest FDI investment in the country.

Up to now, the whole province has 147 valid FDI projects with a total registered capital of 5.1 billion USD.