Nghe An province will grant investment licenses for VSIP 4 and VSIP 5 industrial parks in 2026.
Nghe An aims to complete licensing procedures by 2026.investVSIP 4 and VSIP 5 industrial parks, bringing the total number of VSIP industrial parks in the area to...The number 5.This direction is part of the industrial real estate development strategy.of the province.
The industrial real estate landscape
In September 2015, the VSIP Nghe An Industrial, Urban and Service Zone was inaugurated in Hung Tay commune (formerly Hung Nguyen district), now Hung Nguyen commune, with the presence of Prime Minister Nguyen Tan Dung and Singapore's Minister of Trade and Industry, Lim Hng Kiang. This was the 7th VSIP project in Vietnam, opening a new phase of development for Nghe An's industry.
Since then, VSIP Nghe An Co., Ltd. has implemented 3 projects; of which, the VSIP Nghe An Industrial, Urban and Service Zone in Hung Nguyen commune, the industrial park portion with an area of 367.6 hectares has been completed. Meanwhile, VSIP Nghe An 2 Industrial Park (Tho Loc Industrial Park - Phase 1) in Tan Chau commune, with an area of 500 hectares, is currently under development.
VSIP Nghe An 3 Industrial Park in Hung Nguyen commune, covering 181.12 hectares, is scheduled to commence construction on April 30, 2026. Relevant departments, agencies, and localities are closely following the directives of the Provincial Party Committee and the Provincial People's Committee to complete the necessary documents and procedures and expedite land clearance.
Accordingly, the environmental impact assessment report must be completed before April 20, 2026. The People's Committee of Hung Nguyen commune, the Management Board of the Southeast Economic Zone, the Provincial Police, and the investor are coordinating closely and striving to complete land clearance before June 30, 2026.
Besides the industrial parks invested by VSIP Nghe An Co., Ltd., there are 7 other industrial parks in the province. These include Nam Cam Industrial Park, covering over 371 hectares, invested by Nghe An Infrastructure Development and Construction Investment Company Limited; and Bac Vinh Industrial Park, nearly 52 hectares, developed by Bac Vinh Industrial Park Investment Company.
WHA Industrial Zone Nghe An Joint Stock Company, an investor from Thailand, is developing two industrial parks with a total area of over 681 hectares, including WHA Industrial Zone 1 with 498 hectares, which has been completed, and WHA Industrial Zone 2 with over 183 hectares, which is currently undergoing land clearance.
Hoang Thinh Dat Joint Stock Company is building two industrial parks with a total area of over 599.5 hectares, including Hoang Mai I Industrial Park (nearly 265 hectares) which has been completed and Hoang Mai II Industrial Park (nearly 335 hectares) which is currently undergoing land clearance.
To achieve these results, in the period 2021-2025, Nghe An will strongly shift its focus to attracting investors in industrial park infrastructure, replacing the previous model of direct state investment.
During the period 2021-2025, the Provincial People's Committee submitted to the Prime Minister for approval the investment plan for 6 industrial parks with a total area of 1,818.55 hectares, double the area at the beginning of the term.
While at the beginning of 2020, the entire province only had 4 industrial parks with an area of over 934 hectares, this number has now increased to 9 industrial parks, with a total area of nearly 2,753 hectares, and an average occupancy rate of over 50%.
After deducting the area allocated for technical infrastructure and related facilities, the remaining clean land available for investment is approximately 1,020 hectares.
5/30 VSIP industrial parks nationwide will be located in Nghe An.
The Prime Minister's approval of the expansion of the Southeast Nghe An Economic Zone in Decision No. 490/QD-TTg dated March 27, 2026, has created a significant turning point in the province's economic spatial development strategy.
Spanning nearly 105,000 hectares, including almost 93,320 hectares of land and 10,950 hectares of sea surface, the Southeast Economic Zone currently spans the administrative boundaries of 25 communes and wards, comprising two areas.
Compared to before the adjustments, the area has increased by approximately five times; at the same time, an additional 15 communes and wards have been added, thereby creating a completely new development space capable of absorbing large-scale, dynamic projects.
With the expanded spatial framework, the requirement is to develop economic zones and industrial parks in a synchronized and modern manner, with infrastructure investors at the center. From planning to implementation, investment procedures, construction, environmental protection, fire safety, and construction permits, all stages must be reformed to ensure smooth operation and shorten processing times.
In addition, land clearance work needs to be accelerated, coupled with the completion of a synchronized technical infrastructure system, creating the most favorable conditions for investors.
Currently, Nghe An is focusing on developing key industrial parks that have already received investment approval; at the same time, it is accelerating the attraction of investment and completing the necessary procedures for new industrial parks. The orientation for attracting FDI has also been clearly established, prioritizing high-tech projects that use less labor but create high added value and make a sustainable contribution to the budget.
To concretize these tasks, the Standing Vice Chairman of the Nghe An Provincial People's Committee, Bui Thanh An, assigned the Southeast Economic Zone Management Board to develop a detailed plan, closely monitor progress, and urgently complete investment dossiers and procedures for new industrial parks such as VSIP Nghe An 4, VSIP Nghe An 5, Tho Loc B, Dien Quynh, Ngoc Chau, etc.
In particular, he requested specific timelines, namely approval of the investment plan for VSIP Nghe An 4 Industrial Park before June 30, 2026, and VSIP Nghe An 5 Industrial Park before December 30, 2026.
From policy initiatives at the central level to the determined implementation at the local level, it is clear that Nghe An is fully equipped to achieve a breakthrough. Expanding the Southeast Economic Zone solves the land allocation problem while simultaneously shaping the "framework" for a new growth pole.
In that picture, the industrial park system plays a central role, attracting high-quality FDI flows and promoting technology transfer and improving management capacity.
In particular, with the realization of VSIP 4 and VSIP 5 projects, Nghe An will increase the scale of its industrial parks, while simultaneously enhancing its position and becoming a strategic destination in the VSIP network in Vietnam, with 5 out of 30 VSIP industrial parks nationwide located within the province.
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During a phone call on April 16th, Prime Minister Le Minh Hung stated that Vietnam is preparing to issue new policies to attract more foreign investment, including from Singapore. He also requested Singapore's support in building international financial centers and expanding and upgrading the Vietnam-Singapore Industrial Parks (VSIP) network towards a new generation, linked to high-tech transfer.
Singapore Prime Minister Lawrence Wong affirmed that Singapore will continue to promote economic cooperation, with a focus on upgrading the VSIP system. According to the plan, Singapore will increase the total number of VSIP industrial parks in Vietnam to 30 this year, coinciding with the 30th anniversary of VSIP's presence in Vietnam. At the same time, Singapore committed to supporting Vietnam in training and developing human resources, especially strategic-level personnel.
