Nghe An province finalizes the groundbreaking ceremony for VSIP 3 Industrial Park, with an investment of VND 1,325 billion, on April 30, 2026.

This is the content of the concluding announcement by the Chairman of the Provincial People's Committee following a field inspection and working session on the production and business situation at VSIP Nghe An Industrial Park on January 6, 2026.

Along with the requirements for investors, the Chairman of the Provincial People's Committee assigned the Southeast Economic Zone Management Board, the Department of Agriculture and Environment, the Department of Finance, the Department of Construction, the Provincial Police, and the People's Committee of Hung Nguyen commune, according to their functions and duties, to proactively handle and coordinate the processing of relevant documents and procedures regarding land clearance, land allocation, land leasing, investment, construction, etc., ensuring the project commences on schedule.

Recently, the Standing Committee of the Nghe An Provincial Party Committee also agreed on the principle of allowing the adjustment of the objectives of the VSIP Nghe An 3 Industrial Park Project from "investment in construction and business of industrial park infrastructure" to "investment in construction and business of industrial park infrastructure (supporting industrial park type)".

According to the revised plan, VSIP Nghe An Co., Ltd. commits to allocating 117.59 hectares of land for industrial production, warehousing, and supporting industries; of which 72.67 hectares are for supporting industries, accounting for 61.8% of the total industrial land area; and 44.92 hectares are for industrial and warehousing, accounting for 38.2%.

The VSIP Nghe An 3 Industrial Park project received investment approval and investor approval from the Provincial People's Committee on March 7, 2025; the Southeast Economic Zone Management Board issued the initial Investment Registration Certificate on the same day.

The project covers an area of ​​approximately 181.12 hectares, with a total investment of approximately VND 1,325 billion (USD 52.5 million) and an operating period of 50 years from the date of investment approval. The project will be implemented in Hung Nguyen commune.

The project implementation schedule is defined as follows: Compensation, land clearance and handover from Q1/2026 to Q3/2028; construction, completion and commissioning of the project from Q3/2026 to Q1/2030.

Currently, VSIP Nghe An Co., Ltd. is the investor implementing three industrial, urban, and service real estate projects in the province and has attracted approximately US$3.16 billion in investment capital from secondary investors.

Specifically, the VSIP Nghe An 1 Industrial, Urban and Service Zone in Hung Nguyen commune covers a total area of ​​750 hectares (368 hectares for the industrial zone and 382 hectares for the urban and service zone). It has attracted 60 projects, achieving a 91.43% occupancy rate, with a total investment of over US$2.7 billion (of which over US$2.2 billion comes from secondary investors and nearly US$524 million from VSIP Nghe An).

Alongside the development of the industrial park, VSIP Nghe An is implementing four residential projects with a total area of ​​over 72 hectares, meeting the housing needs of experts and workers.

Regarding VSIP Nghe An 2 Industrial Park, covering 500 hectares in Tan Chau commune with a total investment of US$164.6 million, land clearance has been largely completed, covering 499.81 hectares, reaching 99.96%. The industrial park has attracted 5 projects from secondary investors with a total FDI of over US$960 million, achieving an occupancy rate of 21.5%. As for VSIP Nghe An 3 Industrial Park, as mentioned above, construction is expected to begin on April 30, 2026.

In addition to ongoing projects, VSIP Nghe An Co., Ltd. is also proposing that the province allow it to survey, research, and carry out planning and investment procedures for VSIP Nghe An 4 Industrial Park.

Chairman of the Provincial People's Committee Vo Trong Hai has instructed the Department of Construction, the Department of Agriculture and Environment, and the Management Board of the Southeast Economic Zone to focus on and urgently advise on planning and investment procedures in accordance with regulations, ensuring the completion of procedures for approving the investment policy of VSIP Nghe An 4 Industrial Park in June 2026.