In the period of 2021-2025, Nghe An attracts over 100 investment projects in economic zones and industrial parks.

The above information was given by the Southeast Economic Zone Management Board at a recent conference connecting financial and banking services with businesses in Nghe An province.

Accordingly, attracting from 2 to 4 projects to invest in infrastructure of industrial parks and functional areas in the economic zone; from 1 to 2 foreign-invested corporations to invest in the fields of mechanical manufacturing, electronics, shipbuilding, automobile assembly and production, and auto parts of all kinds. Forecasting the demand for labor in economic zones and industrial parks in the period of 2022-2025, it is estimated at about 80,000-100,000 workers. Budget revenue in economic zones and industrial parks reaches about 20-25% of the total budget revenue of the province.

In the first 9 months of 2022, investment promotion activities were promoted, actively supporting investors in economic zones and industrial parks in the province, attracting many projects with large total investment capital, contributing to the recovery and socio-economic development of the province after the Covid-19 pandemic.

Produced at Hoa Sen One Member Co., Ltd., Dong Hoi Industrial Park, Hoang Mai town. Photo: Thu Huyen

The settlement of investment procedures is timely, public, transparent and in accordance with the law, attracting many large investors, many key projects are of interest to the Standing Committee of the Provincial Party Committee, the Party Committee of the Provincial People's Committee.

Up to now, the Southeast Economic Zone and industrial parks of Nghe An province have 275 valid projects, with a total registered investment capital of VND 96,636.86 billion (equivalent to USD 4,175.28 million), including 61 FDI projects with a total registered investment capital of USD 1,904.47 million.

Compared to the same period in 2021, the number of newly licensed projects increased by 1.62 times, the total registered capital increased by 2.03 times; adjusted capital increased by 27.61 times. The total newly registered and adjusted capital increased by 3.30 times.

Tuna processing line at Fescol Tuna Processing Factory, Nam Cam Industrial Park, Dong Nam Economic Zone. Photo: Thu Huyen

Some large-scale projects have been newly granted and adjusted to increase capital in 2022 such as: Export footwear processing factory project of Milion plan international limited Company in Hoang Mai Industrial Park (with total capital: 56 million USD) and in WHA Industrial Park (with total investment capital: 43 million USD); Goertek Vina project in WHA Industrial Park (adjusted to increase capital by 400 million USD); An Viet Phat Forestry Processing Factory Project, Domestic Consumption and Export in Nam Cam Industrial Park (investment capital of 1,277.32 billion VND); Workers' housing No. 03, No. 04 in Nghi Loc district (investment capital of 6,880.54 billion VND)...

Some large-scale industrial projects have basically completed procedures and are expected to start construction in 2022 to increase new production capacity such as: Everwin Precision Vietnam Electronic Components Project (October 2022), JuTeng Group's electronic components manufacturing project (September 2022)... preparing to put the Goertek Vina Project into operation, expanding the capacity of Luxshare Electronic Components Factory.

The Southeast Economic Zone and industrial parks currently have 132 enterprises in operation; the total number of employees is about 35,000 people, including 450 foreign workers. Currently, the production and business activities of enterprises in the economic zones and industrial parks have had many positive changes: 98% of enterprises have been operating stably, about 97.4% of employees have returned to work;...