VSIP Nghe An urban and service industrial park attracts 30 projects with total investment capital of 11,612 billion VND

Filling prospects

As of September 10, 2021,VSIP Nghe An Urban and Service Industrial Parkhas attracted 30 investment projects (including 14 FDI projects) with a leased land area of ​​131.14 hectares (out of a total factory construction land area of ​​263.23 hectares), achieving an occupancy rate of 49.82% (expected to attract more than 40,000 local workers).

The average investment rate of secondary projects in VSIP NA industrial park is about 107.67 billion VND/ha (total investment capital is 11,612 billion VND/total leased land area of ​​107.85ha for 28 projects that have been granted Investment Registration Certificates).

Currently, VSIP Nghe An Urban and Service Industrial Park has 20 investment projects in operation, creating initial jobs for more than 11,800 local workers. 3 other investors are building factories and the remaining 7 investors have completed investment procedures and are carrying out planning procedures to implement construction.

The leader of VSIP Nghe An Co., Ltd. said: Currently, VSIP Nghe An is in the negotiation stage with a number of investors on an area of ​​about 16.44 hectares of land in the Industrial Park Phase 1 and about 40 hectares of land in the Industrial Park Phase 2, expected to sign a land lease agreement in the fourth quarter of 2021 this year, thereby increasing the occupancy rate to about 71% by the end of 2021.

VSIP Nghe An urban industrial and service park today. Photo: Tran Chau

The good news is that in the context of the Covid-19 pandemic having a profound impact on the world, with a professional and reputable investment mindset, VSIP Nghe An is a promising destination for many investors who are currently looking to shift their investment environment.

It is known that there are currently a number of foreign investors from Hong Kong, Singapore, and Taiwan who have a need to lease large areas of land at VSIP Nghe An (from 30ha - 60ha).

Continue to remove difficulties for VSIP Nghe An Urban and Service Industrial Park

Proactively implementing "3 on-site" measures in production and business at VSIP Nghe An Urban Industrial and Service Park when implementing Directive 16 of the Government. Photo: Tran Chau

Currently, due to the complicated developments of the epidemic, social distancing according to Directive 16 and 16+ in many provinces and cities across the country, causing many difficulties for investors operating and potential investors approaching the VSIP Nghe An market.

Recently, out of a total of 20 investors operating in VSIP Nghe An Urban and Service Industrial Park, at the peak of the epidemic, 7 enterprises had to temporarily suspend production due to insufficient facilities to arrange 3 workers on-site (about 5,252 workers had to temporarily stop working) and 13 enterprises arranged 3 workers on-site for about 6,637 workers. Most of the enterprises are maintaining operations in the industrial park in the context of local social distancing, forcing them to cut production capacity due to insufficient facilities to arrange 3 workers on-site, and limitations in arranging centralized transportation, especially for factories that employ a lot of workers such asICT Luxshare, Sangwoo, Emtech. Workers have difficulty traveling. Currently, businesses have resumed operations but are still facing difficulties.

For businesses that are operating and carrying out investment and construction procedures, travel restrictions in the context of the epidemic make it more difficult for experts to travel due to limited flights, difficult travel procedures, and long quarantine periods, so the travel of investors from other localities such as Hanoi, Ho Chi Minh City and experts from abroad to Nghe An to implement projects is delayed and stagnant.

Manufacturing enterprises in VSIP Nghe An Urban and Service Industrial Park. Photo: My Ha

In addition, the implementation of social distancing and costs incurred in epidemic prevention work also greatly affect investors who are building factories in industrial parks, significantly affecting the completion of construction.

Due to the general difficulties in the pandemic situation, the Industrial Park wishes to support investors who are carrying out investment procedures for construction and development on schedule, as well as potential investors who can access Nghe An for investment and development, and at the same time have a policy of providing vaccines for 100% of industrial park workers to ensure the safety of workers, with the dual goal of safety going hand in hand with production.

Mr. Le Ngoc Hoa - Vice Chairman of Nghe An Provincial People's Committee said: Some investors have completed surveys and signed land lease contracts with infrastructure investors VSIP, WHA, Hoang Mai I but have not yet implemented investment licensing procedures because they have not been able to be present in Vietnam. From 2020 to now, VSIP Nghe An Urban and Service Industrial Park has licensed 08 projects, WHA Industrial Park has licensed 07 projects, Hoang Mai I Industrial Park is completing investment procedures for 01 project.