Nghe An promotes investment promotion activities in 2022

In 2022, investment attraction in Nghe An achieved many outstanding results. As of November 2022, the whole province had granted new licenses to 92 projects with a total registered investment capital of VND 28,390.9 billion; adjusted 98 projects, of which the total investment capital of 33 projects was adjusted with a total investment increase of VND 13,224 billion.

The total newly granted and adjusted capital increased by VND 41,614.9 billion, exceeding the set target (the target for 2021 is to attract investment capital from VND 25,000 to 30,000 billion).

Factories in operation at VSIP Nghe An Industrial Park. Photo: Tran Chau

Notably, in the first 11 months of 2022, FDI capital invested in Nghe An reached more than 935 million USD, bringing Nghe An into the top 10 localities attracting the largest FDI investment in the country for the first time.

Nghe An has focused on removing obstacles, supporting and coordinating with investors to speed up the implementation of industrial park infrastructure projects; completing site clearance and infrastructure construction of 3 key industrial parks (VSIP 1, WHA phase 2, Hoang Mai 1); speeding up the progress of submitting investment policy approval for 2 infrastructure projects of Tho Loc Industrial Park - Phase 1 (VSIP 2), Hoang Mai 2. Up to now, 5/11 industrial parks have been established, the average occupancy rate of established industrial parks is 60.17%.

In that general result, the Provincial Center for Investment, Trade and Tourism Promotion played an important role. Specifically, the Center continued to welcome and work with many business delegations to learn about investment, carry out consulting tasks, and provide regular support to investors.

The Center for Investment, Trade and Tourism Promotion works with VCCI in 2022. Photo: Tran Chau

Support Nha Trang Bay Investment and Construction Joint Stock Company to survey and research projects: Urban area and high-end coastal tourism services with an area of ​​about 288 hectares in Quynh Luu district; Mountain villa area and high-end coastal resort with an area of ​​about 287 hectares in Hoang Mai town. Continuing to survey and research investment in the golf course project and Ho Xuan Duong eco-tourism resort, Dien Chau district with an area of ​​about 340 hectares, sponsoring the cost of establishing a 1/2000 scale zoning plan for the Northeast area of ​​Dong Nam Economic Zone; Project to fund the renovation of Dien Trung and Dien Thinh beaches, Dien Chau district; Support Muong Thanh Group with new projects in Dien Chau; Support Huali Group to implement the leather and footwear factory project in WHA Industrial Park, Hoang Mai 1 Industrial Park.

The Center has supported Hoang Thinh Dat Joint Stock Company, Central Retail Group, Viettel Post Joint Stock Corporation, APG ECO Hoa Binh Joint Stock Company; National Economics University, DIC Construction Development Investment Joint Stock Corporation, LUXSHARE ICT Nghe An Company, T&T Group Joint Stock Company, KSFINANCE Joint Stock Company; Intracom Infrastructure and Transport Construction Investment Joint Stock Company, Compal Vietnam Company Limited to invest in projects in Nghe An.

WHA Industrial Zone 1 Vietnam. Photo: PV

In addition, the Provincial People's Committee Advisory Center successfully organized a workshop to evaluate the PCI index in 2021 and directions for improving the PCI index in the coming time of Nghe An province. Successfully organized a training workshop for businesses and investors on new points in the law on investment, bidding, etc.

Mr. Bui Duy Dong - Director of the Provincial Center for Investment, Trade and Tourism Promotion said: Another task that effectively contributes to improving the investment environment is to advise the Provincial People's Committee to issue Plan No. 655/KH-UBND in 2022 on building a set of indexes and surveying and assessing the competitiveness of provincial departments, branches and People's Committees of districts, cities and towns (DDCI) in 2022. Collect and complete digital data to serve investment consulting and support, including: Updating the system of legal documents on investment and related laws; Collecting data on land use planning of localities for the period 2021-2030, plans in the Southeast Economic Zone, other specialized plans...

In 2022, the Center effectively implemented investment promotion activities with international organizations and potential foreign enterprises.

Enterprises not only contribute to local projects but also participate in charity activities in their homeland Nghe An. Photo: Thanh Duy