Nghe An accelerates towards its growth target.
The pressure to achieve growth in the final months of the year is prompting Nghe An to simultaneously accelerate the disbursement of public investment, bring new production projects into operation, and expand investment attraction to create more room to achieve the set economic development goals.
The capital must go into the project.
Public investment continues to be identified as a crucial driver of aggregate demand, job creation, and support for production and business. Every project launched, every contract implemented, and every dollar disbursed on schedule contributes to creating added value for the economy and spreading the impetus for growth.
One of the key projects being accelerated is the Priority Infrastructure and Urban Development Project adapting to climate change, with a total investment of over 4,500 billion VND, implemented by the Nghe An Agriculture and Environment Project Management Board in the wards of Thanh Vinh, Truong Vinh, Vinh Hung and the communes of Lam Thanh and Hung Nguyen.
In the infrastructure investment component, the construction package for the extension of Cao Xuan Huy road in Truong Vinh ward, worth approximately 100 billion VND, commenced on July 8th.
Simultaneously, the Hoi Chua Pumping Station project, valued at over 400 billion VND, is also about to be implemented. The investor is also issuing electronic tender documents for three construction packages: Canal 1, Canal 2, and Hung Hoa 2 Reservoir, with a total value of approximately 780 billion VND.
The continuous opening of additional bidding packages helps to expand the scope of work, facilitates faster disbursement in the final months of the year, and ensures the overall progress of the project.
According to Mr. Nguyen Hao, Director of the Nghe An Agriculture and Environment Project Management Board, the project was allocated nearly 497 billion VND in 2026. As of July 22nd, the project had disbursed over 273 billion VND, reaching 55.08% of the allocated capital.
In Thanh Vinh ward, the total public investment plan for 2026 is allocated at over 258 billion VND, including over 61 billion VND from the 2026 plan and over 197 billion VND carried over from the previous year. To date, the ward has disbursed over 100 billion VND and is expected to disburse an additional 40 billion VND by July 30th.
Mr. Dinh Nho Tai, Vice Chairman of the People's Committee of Thanh Vinh Ward, said that the ward has developed a specific plan to complete all disbursement targets assigned by the province in 2026.
Along with reviewing the progress of each project, the ward focuses on resolving difficulties related to investment procedures and land clearance, coordinating with contractors to organize construction in a rational manner to ensure the progress and quality of the projects.
Across the entire province, the total public investment plan funded by the State budget for 2026, as assigned to Nghe An by the Prime Minister, is nearly 15,785 billion VND.
The Provincial People's Committee has set a target of disbursing 100% of the planned capital within the year, and has also issued a specific roadmap for departments, agencies, and investors to implement.
Accordingly, at least 50% must be disbursed by July 31st; 60% by the end of August; 70% by the end of September; 80% by the end of October; 90% by the end of November; 95% by December 31st; and 100% completed before January 31st, 2027.
Alongside setting progress targets, Nghe An province is also strengthening discipline and order in the disbursement of public investment. On July 22, the Provincial People's Committee issued a Decision approving the scoring method for departments, agencies, and investors in the implementation of public investment capital disbursement plans.
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According to this plan, units are classified into four levels: very good disbursement, good disbursement, average disbursement, and poor disbursement. This performance-based evaluation mechanism is expected to create additional motivation and enhance the responsibility of each project owner during project implementation.
Additional"traction”for growth
Along with accelerating the disbursement of public investment, Nghe An is focusing on bringing large-scale production projects into operation to add more momentum for economic growth in the second half of the year.
In the Bau Van area of Giai Xuan commune, a high-tech pig farming project by a domestic enterprise is entering its final stages. The project covers over 52 hectares, with a total investment of over 1,000 billion VND, operating on a closed-loop model with 5,000 breeding sows and 60,000 fattening pigs per batch, applying modern technology in management and environmental treatment.
The company will import the first 5,000 breeding sows on July 30th, and will continue to complete the pig fattening farm to ensure it is fully operational in the near future.
During a recent inspection, Chairman of the Provincial People's Committee Vo Trong Hai highly appreciated the scale of investment as well as the modern, closed-loop livestock farming process of the project; at the same time, he requested the enterprise to accelerate the progress to bring the project into operation soon, create more goods, increase the value of the livestock industry and directly contribute to the growth of the province's GRDP.
The upcoming launch of a high-tech agricultural project worth over 1 trillion VND raises expectations for a new source of growth in the agricultural sector during the latter part of the year.
Alongside domestic projects, Nghe An continues to record positive results in attracting foreign investment. According to the Foreign Investment Agency (Ministry of Finance), in the first six months of 2026, the province attracted nearly US$2.283 billion in registered FDI capital, ranking 6th nationwide. Compared to the same period last year, the capital scale increased by 1,536%, equivalent to nearly 16.4 times, and the province climbed 11 places in the ranking of provinces and cities attracting FDI.
According to the latest update, in the first seven months of 2026, Nghe An province granted licenses to 44 new projects and adjusted 101 existing projects; the total newly licensed and increased investment capital reached over 84,360 billion VND, 5.27 times higher than the same period last year. Of this, newly licensed and adjusted FDI capital reached 2.43 billion USD.
The impetus for attracting investment is expected to continue to expand at the Conference announcing the adjustment of the Nghe An Provincial Planning for the period 2021-2030, with a vision to 2050, associated with investment promotion in 2026, scheduled to be held at the end of July.
Within the framework of the conference, the province will issue decisions approving investment policies and investment registration certificates to eligible projects, and will also sign numerous memoranda of cooperation with domestic and foreign corporations, businesses, and economic organizations.
In the first six months of 2026, the province's GRDP increased by 9.65%. However, according to the operational plan, to achieve the annual growth target of 10.5-11.5%, the third quarter must achieve a growth rate of 11.62-12.53%, while the fourth quarter needs to increase by 12.68-13.81%. The pressure to meet the target is very clear, requiring each sector and field to create additional added value in each remaining month of the year.
In Conclusion No. 151-KL/TU dated July 9, 2026, on the socio-economic situation in June and key tasks for the third quarter, the Standing Committee of the Provincial Party Committee requested the highest level of focus on the growth targets for the third quarter and the whole year of 2026; at the same time, reviewing each industry, each field, and each growth driver to develop management solutions that are closely aligned with reality.
Based on that, the Provincial Party Committee directed the Provincial People's Committee and the Department of Finance to coordinate with the statistics agency to assign specific targets to each department, sector, and unit, focusing on areas that make a significant contribution to GRDP such as: industry, construction, agriculture, services, tourism, exports, budget revenue, and public investment.
The pressure of the final sprint necessitates maximizing all growth drivers; in particular, public investment, production, and attracting investment need to continue accelerating, creating a foundation for Nghe An to achieve its growth targets and consolidate its development potential for the next phase.
