Strong wave of investment in Nghe An

(Baonghean) - Up to now, Nghe An has implemented 533 investment projects with a total registered capital of 136,989.5 billion VND (including 507 domestic investment projects, total registered capital of 131,870 billion VND; 26 foreign direct investment projects - FDI, total registered capital of 256 billion VND); in which, many large-scale projects are an important foundation for the province's economic development...

Nghe An province pays special attention to the investment attraction sector, especially in the period of 2011 - 2015, thereby proactively building and implementing sector and field plans to serve investment promotion activities, expanding foreign affairs activities, thus attracting many important projects as a premise for the province's economic development in the following years, such as the project: Construction and business of infrastructure of VSIP Nghe An Industrial, Urban and Service Park; Project of Construction and Business of Infrastructure of Zone D - Nam Cam Industrial Park; Hoa Sen Steel Factory; Nguyen Kim Commercial Center; Project of Conservation and Development of High-Quality Medicinal Materials; Cement factories; Dairy cow farming projects and high-tech milk factories; Hitech BSE Vietnam factories producing components, equipment, electronics and telecommunications...

Provincial leaders and TKV Group conducted a field survey of the Quynh Lap 1 Thermal Power Plant Project at Dong Hoi Industrial Park (Hoang Mai Town).

To facilitate investors, the province plans and promotes investment in building infrastructure systems for industrial parks (IPs) and industrial clusters (CCs), focusing on investing in developing the Southeast Economic Zone (KKT). Currently, the Southeast Economic Zone's boundaries have been expanded to include Hoang Mai Industrial Park, Dong Hoi Industrial Park and the entire area of ​​VSIP Industrial Park, urban and service projects. Along with that, localities in the province have deployed investment in building infrastructure for 32 ICs with an area of ​​467 hectares, thereby promptly meeting the location and infrastructure requirements of investors. Mr. Bui Minh Tan, Deputy General Director of the Electricity Corporation (Vinacomin) - Vietnam National Coal - Mineral Industries Group (TKV) said: "We were assigned to implement the Quynh Lap 1 Thermal Power Plant Project and during the implementation process, we always received the attention and timely support of the provincial leaders for the project.

The province's investment attraction environment is very good, so after a short time with the active participation of relevant levels and sectors, on October 1, 2015, TKV will hold the groundbreaking ceremony for the project. This favorable start will help TKV implement the project on schedule." The Quynh Lap Power Center was approved by the Ministry of Industry and Trade with a capacity of 2,400 MW and invested in 2 phases. In phase 1, TKV will build the Quynh Lap 1 Thermal Power Plant in Dong Hoi Industrial Park on an area of ​​179 hectares. In this important project, the program of localization of coal-fired thermal power plant equipment with a capacity of 600 MW will be applied according to the direction of the Government.

Accordingly, the EPC contractor joint venture led by Doosan Korea as the main coordinator, along with Vietnam Machinery Installation Corporation Lilama, Narime and domestic joint ventures, will design and manufacture equipment for both units of the Quynh Lap 1 Thermal Power Plant Project with a capacity of 1,200 MW. According to the plan, the Quynh Lap 1 Thermal Power Plant Project will be completed and put into operation in 2020. Recently, POSCO Vietnam Holdings Group came to Nghe An to study and register to conduct investment research for the Thermal Power Plant Project 2 in Quynh Lap.

With open and innovative investment attraction mechanisms and policies, many large investors have invested in Nghe An. The Vissai Group has invested in a cluster of projects including: Song Lam Cement Joint Stock Company (officially received the Do Luong Cement Project on December 26, 2014) and upgraded the factory capacity from 900,000 tons/year to 4 million tons/year; Construction of a cement grinding station and international port in Nghi Thiet commune (Nghi Loc)... Since the project began, the investor has made efforts to focus resources to speed up the progress and according to plan, the Song Lam Cement Factory Project will be completed within 18 months, the Cement grinding station project (capacity of 4 million tons/year) will be implemented in 15 months and the international specialized seaport will be built in 18 months. With the determination to create a strong new development step in the cement production sector in Nghe An, The Vissai Group decided to increase the capacity of Song Lam Cement Factory from 900,000 tons/year to 4 million tons/year.

The site clearance for the project to upgrade and expand the construction area of ​​Song Lam Cement Factory has been basically completed. The issue of planning to expand the area of ​​limestone mines, clay mines and the road to transport limestone materials from the mine to the factory has also been paid attention to and resolved by the Military Region 4 Command and the Provincial People's Committee. Mr. Dinh Quoc Quyen, General Director of Song Lam Cement Joint Stock Company, said: "We are determined to complete the Song Lam Cement Factory Project on schedule, at the construction site, the units are speeding up the progress". Two concrete mixing stations supplying 2,000 m3/day for construction items have been installed and the electrical system serving the project has been completed. After completion and operation, the Song Lam Cement Project Cluster will create jobs for more than 2,000 workers with stable income and will contribute 350 - 400 billion VND to the provincial budget annually. In parallel with this cement cluster, The Vissai Group also took over the 12/9 Anh Son Petroleum Cement Project to continue investing in completing the project (Song Lam 2 Cement).

In 2015, many other projects were also started and accelerated in Nghe An such as: Raw water supply plant supplying clean water factories in Vinh city of Song Lam Water Supply Joint Stock Company, capacity of 200,000 m3/day and night, land use area of ​​0.3 ha, total investment of 496 billion VND; Investment project to build wharf No. 5, No. 6, belonging to Cua Lo Port of Tuan Loc Construction Investment Joint Stock Company, land use area of ​​23.5 ha, total investment of 650 billion VND; Cassava starch processing factory project in Hoa Son commune, Anh Son district of Hoa Son Agricultural Products Processing Company Limited, land use area of ​​21.8 ha, total investment of 224 billion VND; construction of Hoa Sen Steel Factory 2 in Quynh Lap (Hoang Mai Town)...

Although achieving positive results in promoting and attracting investment, in reality, the investment attraction results have not yet effectively exploited the potential and advantages of Nghe An province. Therefore, in the coming time, Nghe An province will continue to focus on attracting investment, improving the Provincial Competitiveness Index (PCI); strongly improving the investment and business environment, improving the quality of investment mobilization and promotion, innovating the preparation, reception and implementation of projects. At the same time, continue to well implement the current investment incentive policies of the State, allowing enterprises to enjoy the best investment incentives; research, promulgate and implement mechanisms, policies to encourage investment of the province in accordance with the law and reality; Successfully implement the Investment Attraction Project of the province until 2020, creating momentum for the successful implementation of Resolution No. 26-NQ/TW of the Politburo on the direction and tasks of developing Nghe An province until 2020.

Article and photos:Hoang Vinh