Nghe An is ready to welcome a new wave of investment

Article: Chau Lan - Editor: Lam Tung• DNUM_AIZAJZCACA 06:47

(Baonghean) - The Southeast Economic Zone and industrial parks in Nghe An are focusing on infrastructure investment to prepare for a new wave of secondary investors after the Covid-19 pandemic. In the first 8 months of the year, there have been quite good results from a number of investment projects.

12 new projects granted to industrial parks

According to the Management Board's reportSoutheast Economic ZoneBy August 2020, Nghe An had newly granted 12 investment projects in the Economic Zone and industrial parks in the area, with a total newly granted capital of VND 1,929.1 billion; of which 4 projectsFDI, total registered capital of 48.7 million USD; there are 7 domestic investment projects, total registered capital of 804 billion VND; adjusted to increase investment capital for 8 projects, total adjusted registered capital increased by 5,985.9 billion VND.

Đường nội bộ trong khu WHA đã đầu tư hoàn chỉnh. Ảnh: Trân Châu

Internal roads in the WHA area have been completed. Photo: Tran Chau

Currently, the Economic Zone Management Board is consulting on licensing procedures and adjusting investment in large-scale projects such as: Adjusting the ECOVI Waste Treatment and Recycling Area Project (1,691 billion VND), adjusting the Hotel, Restaurant and Eco-tourism Area Project in Nghi Yen Commune - Nghi Loc District (36 million USD), the Administrative Center and Wood Products Trading Floor Project (349 billion VND), the CPT Mechanical Products Manufacturing Complex Project (306 billion VND)... Along with that, it is supporting investment procedures for projects such as: Quynh Lap II Thermal Power Plant Project (2.5 billion USD), Hoang Mai Eco-tourism Resort Project (1,699 billion VND), Nghi Yen Waste-to-Energy Treatment Plant Project (1,361 billion VND)...

The Southeast Economic Zone and Nghe An Industrial Parks have had 128 projects put into operation. Graphics: Lam Tung

Focus on infrastructure investment

The first 8 months of 2020 were also the time when the Covid-19 epidemic severely affected the whole world, including Nghe An, causing many socio-economic difficulties, affecting investment attraction, investors' travel and business research were delayed, and investment plans had to wait.

In that context, Nghe An focuses ondisbursement of investment capital, focusing on investing in highly appreciated infrastructure, to create leverage for the economy while at the same time best preparing infrastructure and environmental conditions... to welcome investors.

Xây dựng hạ tầng thoát nước tại KCN Bắc Vinh. Ảnh: Trân Châu

Construction of drainage infrastructure at Bac Vinh Industrial Park. Photo: Nguyen Hai

Infrastructure of industrial parks, despite difficult conditions, is still allocated capital to ensure investment attraction. The Management Board of the Southeast Economic Zone continues to implement 4 projects of roads N2, N5, N5 (section 2) and D4. Up to now, road N2 has constructed the road surface (Polyme asphalt concrete layer), the volume of implementation is about 25 billion VND; road N5 (section 2) has completed 1/2 of the length of the residential road through WHA Industrial Park; bridge girders are being cast and girders are being installed on the Cam River bridge (south of the route); road D4 has completed the survey, prepared a design adjustment dossier, and is being submitted to the Provincial People's Committee for approval; the road connecting D4 to Nghi Thiet DKC port is being cleared...

Port infrastructure has also been improved. In 2020, investors continued to invest in ports according to approved plans. Vissai Cement Port of Song Lam Cement Joint Stock Company completed 3 inland berths (for 30,000DWT ships) and put into operation in July 2020. Currently, investors are investing in the next 4 berths.

LIVECua Lo Port, up to now, Cua Lo Port Company Limited has completed wharf No. 5 (for 30,000DWT ships) and put it into operation in May 2018; the investor is leveling the ground for wharf No. 6. In Nam Cam Industrial Park, 1.15km/2.3km of route No. 2, traffic road in Area A has been completed and put into use.

Unloading goods at Cua Lo Port. Photo: Thu Huyen

At VSIP Nghe An Industrial, Urban and Service Park, a representative of VSIP Nghe An Company Limited said: By August 2020, 437.74/750ha of land had been cleared (reaching 58.37%), basic investment had been completed in the industrial park's infrastructure phase 1 of about 226ha; 12 internal roads were completed, the drainage system phase 1A (37.38ha) was completed and the site leveling phase 1B (45.44ha) was underway; the capital implemented in the first 7 months of 2020 was about 127.43 billion VND.

Up to now, the accumulated investment value in infrastructure construction of VSIP Nghe An Industrial Park is estimated at 593.23 billion VND (reaching 33.6% of total registered capital).

In WHA Industrial Zone-1 Nghe An, the site has been cleared and handed over to investors to implement the project of 142.59ha/143.5ha (reaching 99.4%). This is an industrial park that is thirsty for investment capital. Currently, land has been allocated and leased with an area of 136.63ha to investors, basically completing internal traffic routes, water supply and drainage systems, power supply systems, lighting systems, telecommunications systems, wastewater treatment areas, regulating lakes, and fire prevention and fighting stations. Up to now, the cumulative value of infrastructure investment is estimated at about 514.02 billion VND (reaching 23% of the total registered investment capital).

In Nghia Dan Industrial Park, the main road to the industrial park and MDF Wood Factory has been completed.

Hạ tầng dịch vụ Bưu chính viễn thông tại KCN V.ship được đầu tư hoàn chỉnh. Ảnh: Văn Hải

Postal and telecommunications service infrastructure at VSIP Industrial Park has been fully invested. Photo: Van Hai

The Management Board of the Southeast Economic Zone has consulted on documents to support the resolution of difficulties and problems of businesses and workers; especially difficulties and problems related to foreign workers entering Vietnam to work in the Economic Zone, industrial parks, and policies during the Covid-19 pandemic outbreak.

In the first 8 months of 2020, the Board and sectors continued to drastically and synchronously implement solutions to gradually improve the investment and business environment of the Economic Zone in particular and the province in general. In particular, the focus is on supporting and resolving difficulties and obstacles for key investment projects being implemented such as VSIP Nghe An industrial parks,WHA Nghe An, Hoang Mai I.

In addition, actively coordinate with relevant agencies to support the quick settlement of investment, planning and land procedures for projects such as: FLC, Bai Lu Tourist Area, Wharfs No. 7 and No. 8 of Cua Lo Port; Nghe An MDF Wood Factory Project, Quynh Loc Inland Waterway Port Project, Merry&Luxshare Vietnam Project, etc.

Operating the artificial board production line at the MDF Wood Factory. Photo: Document

Along with infrastructure investment, to catch the investment wave, Nghe An focuses on accelerating the progress of adjusting the overall master plan for the construction of the Southeast Economic Zone; strengthening the promotion of attracting new investment projects, supporting procedures for expanded investment projects; supporting and advising on resolving difficulties and problems regarding compensation, site clearance, and land policies for investors doing business in infrastructure of VSIP, WHA, Hoang Thinh Dat, etc.

Sectors and units advise and coordinate with the Department of Natural Resources and Environment to survey and develop a land price list for industrial parks to build a truly attractive investment environment; at the same time, regularly monitor and grasp information on difficulties and problems of enterprises in the Economic Zone and industrial parks due to the impact of the Covid-19 epidemic to promptly advise competent authorities to resolve.

In 2021, Nghe An strives to build the Southeast Economic Zone into a driving force for the province's economic growth, focusing on attracting investment in VSIP Nghe An Industrial Park, Urban Area and Services, WHA Industrial Park, Hoang Mai I Industrial Park, Dong Hoi Industrial Park, Nghia Dan Industrial Park, striving to attract about 20 - 25 projects, with total registered investment capital expected to reach about 15,000 - 20,000 billion VND in 2021, of which FDI investment capital is about 330 million USD.