At the Investment Registration Certificate Awarding Ceremony organized by Nghe An Provincial People's Committee (September 20, 2023), receiving the Investment Registration Certificate from the Chairman of Nghe An Provincial People's Committee, Chairman of the Board of Directors of Sunny Group, Mr. Diep Lieu Ninh emotionally said: "The reason Sunny Group decided to choose to deploy the project in Nghe An is thanks to the high attention of the provincial leaders and departments, branches and sectors; plus the wonderful investment and business environment created by the provincial government".
The special thing about this project is that after the investor submitted the application, less than a week later, the People's Committee of Nghe An province issued the Investment Registration Certificate. It is known that Sunny Group (Hong Kong) is the world's leading manufacturer of integrated optical products and components. In 2020, the group ranked 259th in the list of the top 500 enterprises in the rankings of Fortune Magazine (USA), and is the 6th consecutive year being included in this list. The new Sunny Automotive Optical Vina facility investment project of Sunny Group (Hong Kong) invested in Nghe An is a project specializing in the production, processing, and assembly of camera modules, mobile phone cameras, car cameras and other electronic devices. The project has a total investment of 150 million USD, employing about 20,000 workers, on an area of 42.8 hectares in WHA Industrial Zone 1 - Nghe An.
This is not the first project with such a fast investment procedure processing time in Nghe An province. Previously, it only took 5 working days from receiving the project investment proposal dossier for the People's Committee of Nghe An province to grant the project investment registration certificate to Shandong Innovation Metal Technology Group (China). The project has a total investment of 165 million USD, expected to employ 1,500 workers, with a land area of nearly 11.78 hectares in VSIP Nghe An Industrial Park, part of the Southeast Economic Zone. From August 2023, the investor will build a factory and it is expected that by October 2024, the project will officially come into operation. The project produces aluminum alloy for the consumer electronics and green energy industries; produces pre-processed castings and castings of all kinds from aluminum alloy to support the electronics manufacturing industry with a capacity of 100,000 tons/year.
Special Assistant to Chairman of Shandong Group Cui Guo Chang expressed his admiration for the fact that within just 5 days, departments, branches and sectors of Nghe An province coordinated to complete the documents for the group to be granted the Investment Registration Certificate. He also emphasized that in the 20 years of establishment, no project of the group has had such a fast processing time. “After many meetings, the Group has deeply felt the great potential of Nghe An province in terms of human resources, infrastructure, etc. These factors have helped the Group to be steadfast and confident when deciding to invest in Nghe An. This is the first project of the group investing outside of China and during the implementation process, the best and most modern technology will be selected to apply to this project,” Mr. Cui Guo Chang emphasized.
The milestone that started the wave of FDI investment in Nghe An was in 2019, when Luxshare – ICT Group decided to invest a 70 million USD project in VSIP Industrial Park. Since then, the “eagles” in the world’s electronics and green energy technology manufacturing supply chain such as: Goertek, Everwin, JuTeng, Foxconn, Runergy, Shangdong, Sunny… have come to Nghe An to “lay their nests”. The appearance of many high-tech corporations has helped Nghe An escape the “lowland” in attracting FDI and continue to create important milestones.
In 2022, despite many difficulties due to the impact of the Covid-19 pandemic, Nghe An for the first time entered the Top 10 provinces and cities attracting the highest FDI capital in the country with 961 million USD. Continuing the success, in the first 9 months of 2023, Nghe An attracted more than 1.275 billion USD of FDI capital, an increase of 221.8% over the same period in 2022. This is the first time Nghe An has risen to rank 6th out of 63 provinces and cities in attracting the largest FDI in the country; leading 14 provinces and cities in the North Central and Central Coast regions.
Mr. Le Tien Tri - Head of the Southeast Economic Zone Management Board said that in the 5-year period from 2019 to September 2023, the FDI capital attracted by Nghe An province reached about 3.226 billion USD, more than 5 times higher than the previous 20 years and attracted an average of 645 million USD per year.
A typical example is Hoang Mai I Industrial Park, although it was only "revived" in 2021, up to now, this Industrial Park has achieved an occupancy rate of more than 86% on a total area of nearly 264.7 hectares. The total registered investment capital of secondary investors in this Industrial Park has exceeded 700 million USD. Of which, the typical project is the Monolithic Silicon Bar and Semiconductor Disc Factory Project of Runergy High-Tech Company (Thailand) with a total investment of 440 million USD. Investor Runergy is also continuing to plan for phase 2 with an investment capital of 600 million USD in the second quarter of 2024, right after phase 1 goes into operation smoothly.
Not only attracting large FDI capital, importantly, Nghe An has attracted many dynamic projects, high-tech projects, using modern and environmentally friendly technology. Chairman of the Provincial People's Committee Nguyen Duc Trung emphasized that attracting key projects in recent times has contributed to forming a circular supply chain for the electronics and high-tech sectors, promoting growth, rapidly increasing industrial production value, import and export turnover and budget revenue, creating jobs and stable income for people; creating a premise for Nghe An province to develop according to a sustainable and reasonable growth model.
The operation of many FDI projects has contributed to the remarkable increase in the production value of Nghe An's industrial sector. In 2022, the production value of Nghe An's industrial sector reached over 7,000 billion VND, the average growth rate of the sector reached 112.7%. The export turnover of the FDI sector increased from 198.6 million USD in 2018 to 826.8 million USD in 2022. In the period of 2018-2022, the whole province had 185,630 workers recruited to work at FDI enterprises. In the first 9 months of 2023 alone, 39,145 workers were recruited to work at FDI enterprises in the province.
