Nghe An newly granted 72 projects with total registered investment capital of more than 7,000 billion VND
(Baonghean.vn) - As of November 30, 2020, Nghe An has newly granted (approved investment policy/issued Investment Registration Certificate) to 72 projects with a total registered investment capital of VND 7,707 billion.
According to the report on investment attraction results in 2020 of the Provincial People's Committee, although the number of projects decreased by 19.1%, the total registered investment increased by 20.5% compared to the same period last year. Nghe An also adjusted 89 projects, of which the total investment capital of 25 projects was adjusted (increased by more than 7,403 billion VND). The total newly granted and increased capital was more than 15,110 billion VND.
Some major projects were newly licensed in the first 11 months of the year in Nghe An such as: ProjectNorth Central Forestry Seedling Center for Technology Application - DKCof Thien Minh Duc Group Joint Stock Company (VND 251.565 billion), Quynh Loc Inland Water Port Project and Fisheries Logistics Services in Dong Hoi Industrial Park of Hung Dung Construction and Trading Investment Joint Stock Company and Thanh Cong Trading Company Limited (VND 415.1 billion), Electronic Products Manufacturing Factory, Network Equipment and Multimedia Audio Products in WHA Industrial Park (USD 100 million), Mergy & Luxshare Vietnam Co., Ltd. Project in VSIP Industrial Park (USD 40 million); Traditional Medicine Specialized Hospital combined with Quang Khoi Elderly Care Center of Hoang Mai Medical Company Limited (VND 173.64 billion), Heavy Calcium Carbonate Powder Manufacturing Factory in Hoang Mai II Industrial Park of Yabashi Industrial Joint Stock Company (USD 9.47 million)...
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| Leaders of the Ministry of Agriculture and Rural Development and leaders of Nghe An province attached a signboard of the DKC High-Tech and Seed Center in Nghi Lam - Nghi Loc. Photo: Quang An |
VSIP Industrial ParkUp to now, 22 projects have been attracted, including 10 FDI projects, 12 domestic projects, land lease area of 51.79ha/263.5ha of industrial land (reaching 20.03%); registered investment capital of 6,440.9 billion VND (equivalent to 279 million USD). Currently, 14 projects have come into operation; 5 projects are under construction.
WHA Industrial Park has attracted 06 projects, including 03 FDI projects, 03 domestic projects, land lease area of 11.97ha/101.89ha (reaching 11.7%); registered investment capital of 529.6 billion VND (equivalent to 23 million USD). According to WHA's report, there are currently a number of investors signing memorandums of understanding and investment agreements at WHA with a total expected registered capital of about 284.9 million USD.
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| Some factories in the Southeast Economic Zone have come into operation. Photo: PV |
In the first 11 months of the year, many projects with large total investment capital of enterprises in the province have been recorded. This is a good sign showing that enterprises in the province are increasingly competitive and on-site investment promotion is increasingly effective.
Although the number of FDI projects accounts for a low proportion (13.89%), the proportion in the investment capital structure is approximately equal to the domestic investment sector (accounting for 49.15% of the total registered investment capital). In 2020, there has been a positive shift of potential foreign investors interested in investing in priority investment areas, typically the electronic product manufacturing project of Goertek VN Company.
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| Steel production at Hoa Sen Dong Hoi Factory. Photo: Thanh Duy |
In 2020, workinvestment promotionThe province has achieved many positive results. The province has signed a Memorandum of Understanding with many potential domestic and foreign investors such as Everwin USA, LLC and Everwin Precision Hong Kong Company Limited to invest in the Electronic Components Factory Project with a total expected investment of phase I of 300 million USD; JuTeng International Holdings Ltd Company invested in the Electronic Components Factory Project for laptops, tablets, smartphones, with a total expected investment of nearly 500 million USD in Hoang Mai Industrial Park I; Sun Group Corporation invested in the Quynh Beach Tourism Project in Hoang Mai town and Quynh Luu district...