Awarding decision and memorandum of understanding on investment of 2 projects with total value of 200 million USD in Nghe An

On the morning of February 5, in Quy Nhon City, Binh Dinh Province, the Ministry of Planning and Investment coordinated with ministries, branches and localities to organize a conference to announce the Government's Action Program to implement Resolution No. 26-NQ/TW dated November 3, 2022 of the Politburo on socio-economic development orientations and ensuring national defense and security in the North Central and Central Coast regions to 2030, with a vision to 2045 with the theme "Linkage - Breakthrough from the marine economy - Fast and sustainable development".

Chairman of Nghe An Provincial People's Committee Nguyen Duc Trung presented the Memorandum of Understanding on investment cooperation for the Industrial Real Estate Construction Project, including a system of pre-built factories and warehouses meeting international standards in the Southeast Economic Zone, to Mr. Christopher Piro - Project Development Director of Indochina Kajima Capital Group. Photo: Dinh Cuong

This is a "three-in-one" conference, organized not only to announce the Government's Action Program to implement Resolution No. 26-NQ/TW dated November 3, 2022 of the Politburo, but also to concretize the Resolution with specific implementation resources through the form of investment promotion, calling for the attention of domestic and international investors, business associations, and development partners in accompanying the Government in implementing investment programs and projects of important significance to the socio-economic development of the North Central and Central Coast regions.

Accordingly, at the Conference, there was a ceremony to award cooperation agreements on sustainable development of the North Central and Central Coast regions between the Ministry of Planning and Investment and development partners, as well as memorandums of understanding and investment registration certificates for domestic and foreign investors.

Chairman of Nghe An Provincial People's Committee Nguyen Duc Trung presented the Investment Policy Decision on "Project for manufacturing electronic equipment and components" to Mr. Tu Qj Jiang - Director of Luxshare - ICT Company Limited. Photo: Hoang Nam

At the conference, under the witness of Prime Minister Pham Minh Chinh, leaders of ministries, branches and 14 provinces and cities in the North Central and Central Coast regions, Comrade Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Nghe An province presented the Decision on investment policy for the "Project on manufacturing electronic equipment and components" with a total investment capital of 150 million USD to Luxshare - ICT Co., Ltd. and presented the Memorandum of Understanding on investment cooperation for the "Project on construction of industrial real estate including a system of pre-built factories and warehouses meeting international standards in the Southeast Economic Zone, Nghe An province" with a total expected investment capital of 50 million USD to Indochina Kajima Capital Group.

It is known that in recent years, especially in 2022, investment attraction, especially foreign direct investment attraction in Nghe An has had many innovations and achieved positive results in all 5 aspects: The number of FDI projects increased sharply; registered investment capital exceeded the set target; the investment attraction structure shifted towards increasing the number of projects and registered foreign direct investment capital; the investment sector shifted strongly to industrial production and the investment attraction areas mainly focused on the Southeast Economic Zone and industrial parks, which are the growth drivers of the province.

In 2022, the total newly granted and adjusted capital increased by VND 45,764.5 billion, exceeding the set target; in particular, the newly granted and adjusted FDI capital invested in Nghe An reached more than 961.3 million USD, bringing the province into the top 10 localities attracting the largest FDI in the country for the first time.

Thanh Duy