Attracting foreign investment creates many jobs for workers in Nghe An

Employment

Haivina Kim Lien is the first foreign investment project in the textile industry to invest in Nghe An. Haivina Kim Lien Company officially established a factory and started operating in Nghe An since 2011, specializing in sewing gloves and sportswear for export to the US market and European countries. After nearly 7 years of operation, the Company currently has 2,800 workers, 95% of whom are women, with an average salary of 4.5 million VND/person/month.

Export garment line of Haivina Kim Lien - Nam Dan Company Limited. Photo: Thu Huyen

Operating in the electronics sector, operating since 2013, BSE Vietnam Electronics Factory is invested by BSE Electronics Co., Ltd. in Nam Cam Industrial Park, Nghe An with 100% Korean capital, specializing in manufacturing electronic and telecommunications equipment components, with a total investment of 30 million USD and a scale of 250 million products/year. This factory has created jobs for over 5,200 workers with a salary of 4.5-6 million VND/person/month. Every year, the factory contributes an average of over 7 million USD to the state budget.

In the processing sector, AustFeed Nghe An, invested by Mavin AustFeed Co., Ltd. of Australia, is expected to be a new highlight in the production and processing of animal feed associated with agricultural development in the province. The factory is built on an area of ​​36,029m2 in Zone B of Nam Cam Industrial Park with a total investment of VND325 billion (about USD15 million), a capacity of 300,000 tons of animal feed/year, employing about 300 workers.

10 investors will be rewarded by Nghe An Provincial People's Committee

(Baonghean.vn) - According to information from the Provincial People's Committee, 10 enterprises will be rewarded at the Meeting with Investors in Nghe An on March 10.

Recently, Nghe An province has made breakthroughs in attracting FDI capital. In 10 years (from 2009-2018), Nghe An has attracted 53 foreign direct investment (FDI) projects with more than 163,000 billion VND. FDI projects invested in the area are mainly invested in the fields of garment export, electronic components production, processing industry, mechanics, manufacturing... FDI projects in Nghe An have created jobs for about 37,000 direct workers with an average income of about 3 - 5 million VND/month, contributing to improving the living standards of local workers.

Mr. Nguyen Van Nam - Deputy Director of Nghe An Province Investment Promotion and Support Center assessed: "Although the number of FDI enterprises investing in Nghe An is not much and the investment period is not long, they have made important contributions to changing the economic structure towards industry, creating jobs, exporting goods... In which, the total annual export turnover of FDI enterprises reaches over 300 million USD, accounting for 20% of the total export turnover of the whole province".

Provincial leaders visit the operating area of ​​Mavin AustFeed Nghe An Company Limited. Photo: Thanh Le

Add new capital attraction

In line with the general orientation of the whole country, Nghe An province's motto for attracting foreign investment is to multilateralize and diversify cooperative relations. The province has directed the implementation of many solutions to support investors and create a favorable environment to attract foreign direct investment projects.

Among them, VSIP Nghe An Industrial, Urban and Service Park Project officially came into operation in 2017, currently there are 12 enterprises operating and producing in the industrial park; this is the first urban industrial park infrastructure development project with foreign capital invested in Nghe An province, expected to create a major breakthrough for the province's industrial development.

Mr. Edwin Chee - Deputy General Director of VSIP Nghe An Co., Ltd. said: "In 2018, in its strategy, the Group will focus on VSIP Nghe An to fill the land area for industrial parks by 2019 - 2020. Regarding the land area for urban services, VSIP is implementing as a current model of VSIP Group in Vietnam".

Hemaraj Group of Thailand will start the project to invest in construction and business of urban infrastructure in the Southeast Economic Zone. Photo: Internet

The latest developments show that FDI inflows into Nghe An still have many growth prospects. The clearest manifestation is that right after the 2018 Spring Meeting with Investors, the groundbreaking ceremony of the Hemaraj Industrial Park Project in the Southeast Economic Zone will take place. The Hemaraj Industrial Park Project in Nghe An has a total area of ​​about 3,200 hectares, with a total registered investment of about 1 billion USD (23,000 billion VND) divided into 7 phases, of which phase 1 has an area of ​​nearly 500 hectares; this will be a "boost" of FDI expected in 2018 in Nghe An.

The fact that this investor is preparing more land to welcome secondary investors shows that foreign investors are still very confident in the prospect of attracting more foreign capital to invest in Nghe An in the coming period.