Leaders of the Central Economic Commission surveyed VSIP and Luxshare - ICT Nghe An

The delegation was led by comrade Nguyen Duc Hien - Deputy Head of the Central Economic Commission, Head of the Project Editorial Team. The leaders of Nghe An province attended the meeting with comrade Bui Thanh An - Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee and leaders of relevant departments, agencies and branches.

The meeting is part of the survey program to develop a Project to review the implementation of Resolutions No. 10-NQ/TW on developing the private economy to become an important driving force of the socialist-oriented market economy; Resolution No. 11-NQ/TW on perfecting the socialist-oriented market economy institution; Resolution No. 12-NQ/TW on continuing to restructure, innovate and improve the efficiency of state-owned enterprises issued by the 12th Central Executive Committee on June 3, 2017 and to advise and propose to the Party and State effective and efficient policies, mechanisms and strategies for the country's socio-economic development in the new context.

The delegation worked with VSIP Nghe An Company Limited, a business in the fields of industrial park infrastructure, services and urban areas.

As of June 2024, VSIP Nghe An Industrial Park has attracted 47 projects (including 27 FDI projects). Currently, 31 projects have initially come into operation, creating jobs for more than 18,000 workers, 7 projects are under construction and 9 projects are in the process of implementing investment procedures.

The leased land area of ​​242.81 hectares has an occupancy rate of 97%. It is expected that when all the factories are in operation, they will create jobs for about 70,000 workers.

Total investment capital at VSIP Nghe An 1 Industrial Park and VSIP Nghe An 2 Industrial Park - Tho Loc Industrial Park is 1.773 billion USD (of which secondary investors are 1.328 billion USD, VSIP Nghe An 1 is 279.9 million USD and VSIP Nghe An 2 is 164.6 million USD).

At the meeting, the delegation of the Central Economic Committee listened to the leaders of VSIP Nghe An Company Limited exchange information about the investment process, difficulties, obstacles, and recommendations on mechanisms and policies for enterprises doing business in industrial park infrastructure.

Comrade Nguyen Duc Hien - Deputy Head of the Central Economic Commission, Head of the Project Editorial Team highly appreciated the business model combining industrial parks, urban areas and services of VSIP Nghe An, as well as the orientation of building an ecological industrial park.

The Deputy Head of the Central Economic Commission also expressed his impression of the infrastructure and quality of secondary investors at VSIP's industrial park; and said he would synthesize opinions to propose and institutionalize better policies.

On the same afternoon, the Central Economic Commission delegation visited and worked at Luxshare - ICT Nghe An Co., Ltd., which invested in VSIP Industrial Park. This is a company belonging to Luxshare - ICT Group headquartered in Dongguan, Guangdong, China.

In addition to its manufacturing facilities in China, the group also invests abroad, mainly in Germany, Vietnam and India. In Vietnam, Luxshare - ICT has invested in Bac Giang and Nghe An to produce electronic components for other large technology corporations in the world, bringing in 10% of the group's annual revenue.

At the meeting, Mr. Do Ky Giang - General Director of Luxshare - ICT Nghe An Co., Ltd. and the delegation discussed some production and business results, difficulties and obstacles; proposed and recommended to facilitate business operations.

Speaking at the meeting, Vice Chairman of Nghe An Provincial People's Committee Bui Thanh An commented that the investment of Luxshare - ICT, one of the world's largest technology corporations in Nghe An, has contributed to increasing the province's investment attraction.

The Vice Chairman of Nghe An Provincial People's Committee highly appreciated the company's efforts in building corporate culture and developing trade union organizations, thereby building a healthier working environment and that is also a prerequisite for businesses to develop sustainably and recover quickly after the Covid-19 pandemic.

In response to the proposals of the company's leaders, the Vice Chairman of Nghe An Provincial People's Committee expressed the province's strong commitment to accompanying and solving problems, especially connecting labor supply and demand; developing social infrastructure in industrial parks and implementing administrative procedures.

The Vice Chairman of Nghe An Provincial People's Committee hopes that Luxshare - ICT Group will continue to connect businesses investing in the province to create a mutually supportive ecosystem for mutual development; at the same time, calculate so that Vietnamese companies in general and Nghe An province in particular can participate in the group's supply chain, in order to bring common success and long-term attachment to Nghe An land.

Before concluding the meeting, Deputy Head of the Central Economic Commission Nguyen Duc Hien expressed his impression and high appreciation for the investment activities of Luxshare - ICT Group in Vietnam in general and Nghe An in particular.

“Luxshare - ICT choosing Nghe An as an investment location is completely correct, with favorable time, favorable location, and favorable people”, comrade Nguyen Duc Hien commented and added that Nghe An is receiving a lot of attention from the Central Government and will soon issue specific mechanisms and policies to develop the economy and society, creating favorable conditions for businesses, including Luxshare; thereby hoping that the group will continue to expand its investment in Nghe An in the coming time.

Comrade Nguyen Duc Hien also said that in terms of policy, Vietnam is planning to review priority areas for attracting investment, focusing on 6 areas, including high-tech industry as the group's field of operation.

Recognizing and appreciating the working environment and social security regime of the company, especially the dormitory construction model for workers, the Deputy Head of the Central Economic Commission hopes that Luxshare - ICT Nghe An will continue to pay attention to social security for workers, as well as expand production and business activities, increasing the revenue ratio of facilities in Vietnam in the group's revenue.

Comrade Nguyen Duc Hien affirmed: The Central Economic Committee always listens to businesses, including FDI enterprises; thereby expressing readiness to receive feedback on any difficulties and problems regarding the group's mechanisms and policies when investing in Vietnam; at the same time, inviting leaders of Luxshare - ICT to visit and work at the Central Economic Committee in the near future.