Investment environment – “good land attracts eagles”
On the occasion of the beginning of the year of the Snake 2025, Nghe An Newspaper recorded some opinions of representatives of investors, businesses, sectors and localities about the investment and business environment in the province.
Mr. Le Tien Tri - Head of Management Board of Southeast Nghe An Economic Zone:
In the results achieved by the province, industrial parks and economic zones have actively contributed to the growth and socio-economic development of the province, through strongly attracting domestic investment capital and foreign direct investment, promoting and improving the efficiency of using resources in the province, supplementing important capital sources in total social investment.
Attracting investment also contributes to positive economic restructuring and increasing export turnover; significantly contributing to budget revenue and creating new jobs for Nghe An province in the period of 2021 - 2030. To date, Nghe An has 7 industrial parks with a total area of 2,388 hectares, the occupancy rate is 56.36%; the total newly granted and adjusted capital is estimated at 1.648 billion USD, reaching 235.4% and is expected to reach over 1.69 billion USD in 2024, the third consecutive year in the top 10 provinces attracting the largest FDI in the country.
Mr. Teng Wei Hong - General Director of VSIP Nghe An Co., Ltd.):
With the best support and companionship from Nghe An province, VSIP Nghe An Company has achieved great success. On behalf of VSIP Nghe An Company, we would like to express our gratitude to the Provincial Party Committee, People's Council, People's Committee of Nghe An, Nghe An Economic Zone Management Board, districts, cities and towns where the project is located...
In Nghe An, VSIP is developing 2 major projects. From the first VSIP Nghe An 1 project in 2015 in Hung Nguyen district in 2023, VSIP continues to implement the VSIP Nghe An 2 project in Dien Chau district (Tho Loc Industrial Park). Up to now, the total investment capital of VSIP in Nghe An and secondary investors in the industrial park has registered to reach 3.1 billion USD (US dollars), creating jobs for nearly 23,000 people. It is expected to create jobs for more than 35,000 people in the next 2 years. This is a joy, but also a great pressure on labor that the company hopes to have support. VSIP has great confidence in its investment in Nghe An and can envision the great potential ahead with the development of the Southeast Economic Zone in particular and the whole Nghe An province in general.
Mr. Thieu Tinh - General Director of Tan Viet Metal Science and Technology Company:
Our Tan Viet Science and Technology Company is located in WHA Industrial Zone 1 - Nghe An, Nghi Dong commune, Nghi Loc district, with a total capital of 125 million USD.
Investing in Nghe An, we believe, is the right choice and we see that everything is very favorable during the investment process. After 1 year of implementation, in April 2024, the factory went into production, expected to reach a capacity of 260,000 tons/year by 2025. We are currently contributing quite a bit to the budget in Nghe An and in 2025 we expect to pay about 500 billion VND to the state budget.
Mr. Do Nhat Hoang Tat - Human Resources Director of Luxshare ITC Nghe An Company:
LUXSHARE ICT Nghe An Factory is a subsidiary of LUX SHARE - ICT Precision Group.
4 years ago, the group decided to invest in VSIP Nghe An and after 4 years, we have 6 factories with 14,000 workers. Overcoming many difficulties due to the Covid-19 pandemic, we have entered stable production. In August 2022, the leaders of LuxShare ICT Group came to survey and decided to invest in the LuxShare 2 Project. From processing, we have gradually produced electronic, optical, acoustic and other products. We strive to become a company with a regional scale. The biggest difficulty now is that we need about 28,000 workers, we look forward to receiving better cooperation from vocational schools and districts in the area.
Ms. Tran Thi Van Anh - Director of VietSun Shipping Company, Nghe An Branch:
With 20 years of experience in transportation and logistics services, VietSun is the first shipping service company in Nghe An, and has made certain contributions to the development of logistics services in the province. In particular, since 2024, with the active support of Nghe An province and especially the province's shipping support policy, the company has partly overcome the difficult period of logistics services in the post-Covid-19 period. In 2024, the company increased the number of container ship trips by 8% compared to 2023.
In 2025, VietSun commits to continue to innovate and improve the quality of transportation services, increasingly better meeting the freight transport needs of businesses; at the same time, recommending the province and partner businesses to strengthen links and coordination to diversify goods sources, working together to bring Nghe An logistics services to new heights.
Mr. Nguyen Dinh Sinh - General Director of Minh Anh Garment Joint Stock Company:
Minh Anh Garment Joint Stock Corporation has been present in Nghe An for nearly 20 years, the last few years have been the most difficult and challenging period. In 2023, the textile and garment industry was difficult, forcing many businesses to stop operating, but the Company still maintained production, ensuring jobs for workers and now, when orders return, the company continues to invest in expanding production... The current development is thanks to the encouragement and support of the Party Committees and authorities where the company is located and the understanding and sharing of the leaders of Nghe An province through the periods.
In 2025, the company needs a huge number of workers and is determined to recruit enough despite fierce competition...
Mr. Nguyen Ba Diep - Vice Chairman of Nghi Loc District People's Committee:
2024 is a successful year for Nghi Loc district. In 2024, the district recovered a record land area for a project, the WHA Industrial Park Phase 2, including 345 hectares in Nghi Hung and Nghi Dong communes, quite smoothly. In the last days of 2024, nearly 100% of households in Binh Thuan hamlet agreed to hand over an additional 60 hectares of area in Area A, Nam Cam Industrial Park (recovered since 2004) for 8 enterprises to complete land lease procedures.
From the practice in Nghi Loc district, it can be seen that in order to clear the land, in addition to implementing policies and regimes according to regulations, it is necessary to make efforts of all parties, from investors, to the attention of the province to the locality. Along with the construction of the main items, it is necessary to maintain contact with investors, urge contractors to carry out good and practical upgrades of people's infrastructure, which will receive high consensus from the people.
