In early November 2023, a working delegation from Nghe An province led by Chairman of the Provincial People's Committee Nguyen Duc Trung went to the United States to organize investment and trade promotion programs. The working delegation met, worked, and participated in seminars with the US Semiconductor Association, the US-ASEAN Business Council, and local businesses. In addition to introducing the province's potential and advantages, the provincial leaders conveyed the message: Nghe An has prepared the most favorable conditions for foreign investors in general and US investors to come to learn, survey, and decide to invest in projects in the province.
In Dallas, Texas, Nghe An province coordinated with the Vietnamese Consulate General in Houston to organize a workshop: "Vietnam's economic development prospects after upgrading Vietnam - US relations and investment opportunities in Nghe An". Speaking at the workshop, the Chairman of Nghe An Provincial People's Committee emphasized: "Nghe An sees great opportunities for the province to seek cooperation opportunities with partners in the United States after the two countries upgraded to a comprehensive strategic partnership. The legal frameworks that have been built by the Vietnamese State are stable, transparent, and favorable for foreign enterprises, including those from the United States, to continue operating, expanding their scale and developing long-term in Vietnam, especially in areas where Texas has strengths and Nghe An province has needs.
Chairman of the Provincial People's Committee Nguyen Duc Trung also pledged to always accompany and create favorable conditions for businesses from Dallas and Houston to invest successfully, sustainably and long-term in Nghe An. Nghe An province is also ready to listen to the opinions, concerns and aspirations of the business community in Dallas and Houston regarding the province's investment and business policies and environment.
Also in November 2023, Comrade Hoang Nghia Hieu - Deputy Secretary of the Provincial Party Committee and the delegation of Nghe An province visited and worked in Japan. During this trip, the delegation visited and worked with Yabashi Company - the largest Japanese-invested enterprise in Nghe An province.
At the meeting with Mr. Yabashi Tatsuyoshi - Director of Yabashi Company, Deputy Secretary of the Provincial Party Committee Hoang Nghia Hieu hoped that Yabashi Company would always accompany and support Nghe An province in investment attraction activities and strengthen connections with Japanese enterprises. Comrade Hoang Nghia Hieu also suggested that the Company become a bridge between agencies and business communities of the two localities of Gifu - Nghe An to promote mutual exchange of experiences; cooperation in trade, especially in areas where Japan has strengths such as high-tech agriculture, information technology, mining, manufacturing, assembly, etc.
Previously, in October 2023, the Nghe An provincial delegation led by Mr. Le Hong Vinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, had a working trip to the Federal Republic of Germany, attending the Vietnam - Federal Republic of Germany Trade Promotion Conference and the trade exchange program between enterprises in Berlin chaired by the Department of Trade Promotion, Ministry of Industry and Trade, in coordination with the Association of German Chambers of Commerce and Industry.
In September 2023, a working delegation of Nghe An province led by Mr. Bui Thanh An - Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee visited and worked with Runergy Group in Jiangsu province, China. At the meeting, Mr. Dao Long Trung - Chairman of Runergy New Energy Science and Technology Joint Stock Company (China) sincerely thanked the provincial leaders and authorities at all levels of Nghe An province for their attention and creating favorable conditions for investors to learn about and implement the project; committed to making every effort to complete investment procedures so that the projects can soon be put into operation on schedule and proposed to soon sign a Memorandum of Understanding on Comprehensive Investment Cooperation in the new energy industry between Runergy Group and Nghe An province in the coming time for cooperation and development...
These activities show that the approach to investment promotion and support in Nghe An province has been positively innovated; demonstrating the dynamism and professionalism of the provincial leaders in foreign affairs activities as a premise for investment, trade and tourism promotion activities with partners around the world.
Not only now but over the past many years, economic diplomacy has been given special attention by Nghe An province, implemented in an increasingly synchronous, comprehensive, strong, and increasingly in-depth and practical manner. Nghe An has also focused on effectively exploiting cooperation with foreign partners that have established relationships; accompanying and supporting the province's enterprises in cooperation and connection with foreign countries, taking advantage of opportunities brought about by new trends; making the most of support sources and other resources to serve socio-economic development.
Previously, Nghe An often organized investment promotion conferences every year at the beginning of the new year. However, the effectiveness of these conferences was not high, so the leaders of Nghe An province decided to innovate investment promotion activities with more diverse, practical and effective forms.
Director of the Department of Foreign Affairs Tran Khanh Thuc emphasized that the focus of economic diplomacy is to serve, taking businesses, people and localities as the center. On the motto, economic diplomacy will pioneer and pave the way for rapid and sustainable development of Nghe An province. In economic diplomacy activities, the province has the active accompaniment and coordination of 3 enterprises investing in infrastructure of VSIP, WHA and Hoang Mai I industrial parks, namely VSIP Nghe An Co., Ltd., WHA Industrial Zone Nghe An Joint Stock Company, and Hoang Thinh Dat Joint Stock Company. These enterprises have joined with the province to share, connect and effectively exploit international markets, access capital sources associated with high technology, and effectively participate in regional and global value chains and production.
With the enthusiastic support of the provincial government and the State's support and incentive policies, the promotion and investment attraction work for the company's projects has been achieving positive signals. Thanks to that, although it has only attracted investment since 2021, Hoang Mai Industrial Park I (invested by Hoang Thinh Dat Joint Stock Company) has attracted many projects with a total investment capital of more than 700 million USD, an occupancy rate of over 86% on a total area of nearly 265 hectares. "Departments, branches, sectors and localities always stand side by side with the company in all investment promotion activities: seminars, talks, promotion programs and meetings with investors, organizing foreign investment promotion trips to learn about opportunities to approach foreign investors who are in need and interested in learning about investment opportunities in Vietnam", emphasized the leader of Hoang Thinh Dat Joint Stock Company.
To continue to welcome the wave of investment into the province, effectively carry out investment attraction, trade and tourism promotion activities, in the coming time, Nghe An will continue to participate in investment attraction, trade and tourism promotion delegations abroad organized by the Ministry of Foreign Affairs, the Ministry of Planning and Investment, the Ministry of Industry and Trade and related ministries and branches. At the same time, the province will organize delegations to promote investment, trade and tourism in countries, key partners by country and territory: Japan, Korea, China, Hong Kong, Taiwan; India, the United States, Canada, European countries, Thailand, etc. The province will also invite foreign business associations, organizations and enterprises; foreign business associations and organizations in Vietnam to visit and learn about investment and business in Nghe An.
Nghe An has the largest natural area in the country, rich and diverse terrain, with sea, plains, midlands and mountains; converging all types of transportation: road, railway, air, sea and inland waterway; is a bridge connecting the North and South, a gateway to the East Sea of Central Laos and Northeast Thailand through Cua Lo port. With a population of more than 3.4 million people, including a workforce of 1.6 million people, it is a place that provides abundant and quality human resources for investment and development and a large market for trade and service development, etc. These potentials are the basic factors to attract investors to the province and a great driving force for the province to continue to develop.
Identifying the important position and role of Nghe An province, in 2013, the Politburo issued Resolution No. 26-NQ/TW on the direction and tasks of developing Nghe An province until 2020; on November 13, 2021, the National Assembly passed Resolution No. 36/2021/QH15 on piloting a number of specific mechanisms and policies for Nghe An province. From here, the province has more conditions to mobilize necessary resources to meet investment needs; at the same time, decentralization in a number of areas will shorten the time, order, and procedures, creating favorable conditions for the province to proactively resolve urgent requirements, focusing on effectively implementing goals, tasks, and solutions for socio-economic development. Recently, the Politburo issued Resolution No. 39-NQ/TW on building and developing Nghe An province until 2030, with a vision to 2040. Currently, Nghe An province is researching and proposing specific mechanisms and policies, with superior resources and procedures to create motivation and foundation for the province's long-term development.
In addition to proposing and having the Central Government issue specific policies and mechanisms for the province, Nghe An has also issued the most mechanisms and policies to suit the reality and meet the requirements of attracting investment in the current period. Recently, the Provincial People's Council issued Resolution No. 03/2023 of the Provincial People's Council on Regulations on policies to support shipping lines transporting international and domestic containers; supporting enterprises with exported and imported goods transported by container to and from Cua Lo port; Resolution No. 05/2021 on a number of investment support policies for the period 2021 - 2025; Resolution No. 22/2020 on amending and supplementing Resolution No. 19 on adjusting the land price list of industrial parks in the Southeast Economic Zone, period 2020 - 2024. Ms. Nguyen Thi Bich Lien - General Director of WHA Industrial Zone Nghe An Joint Stock Company once shared that Nghe An province's amendment, supplement and adjustment of land rental prices in the Southeast Economic Zone is in line with reality and thanks to that, it has helped WHA attract more secondary investors to the Industrial Park.
As for VSIP Nghe An Industrial Park, after 8 years of establishment and development, it has attracted 42 investors with 43 projects, reaching a 95% occupancy rate on the total industrial land area of 263.23 hectares. The total registered investment capital of 23 foreign investors with 24 projects is 948.36 million USD. Realizing the great potential, advantages, and development opportunities of the province, based on the success of VSIP Industrial Park in Hung Nguyen district, VSIP Nghe An Company Limited is implementing VSIP Nghe An II investment in Tho Loc Industrial Park, Dien Chau district with an area of about 500 hectares and a total investment capital of more than 3,800 billion VND.
The leaders of VSIP Company Limited said that VSIP has been created favorable conditions to attract investors through “open and welcoming” policies, as well as constantly improving the investment environment of the province and the Southeast Economic Zone Management Board. This has helped VSIP strengthen its role as a “magnet” to attract investment projects in Nghe An.
