Attracting investment creates momentum for socio-economic development

Seafood processing at Royal Foods Thailand Factory, Southeast Economic Zone. Photo: Tran Chau

Anh Son is a mountainous district of Nghe An, but there are many factories located there, such as Song Lam Sugar Factory, Song Lam 2 Cement Factory, Hoa Son Cassava Factory. Especially since Song Lam 2 Cement Factory came into operation, industry and trade in the area have flourished. In 2017, the district attracted many projects and was approved by the Provincial People's Committee to invest in the area, with an investment capital of nearly 2,500 billion VND. Notably, there is the MDF wood fiberboard production project in Tri Le Industrial Park in Khai Son commune with a total investment of 1,754.14 billion VND, preparing to start construction in April 2018 and when put into operation, it will exploit the forestry potential in Anh Son and neighboring districts; Project of Trade Center, General Service Business in Anh Son town with a total investment of 20.065 billion VND...

Mr. Dang Thanh Tung - Secretary of Anh Son District Party Committee said: Identifying Anh Son as a mountainous area, attracting investment is very difficult, so the leaders focus on administrative reform, urging departments to help investors clear the land as quickly as possible and hand over clean land to investors, so that investors can feel secure in production.
In the fertile land of Nghia Dan district, new factories and constructions are springing up such as the 9-hectare vegetable and flower greenhouse of TH Group, or Nui Tien Fruit Processing Factory, Nghe An Wood Factory. These projects are creating jobs for thousands of local workers and contributing hundreds of billions of VND to the budget each year. Along with the development of factories, satellite cooperatives in the area are also developing to serve the main projects such as the 1/5 Nghia Dan Fruit Tree Cooperative, Phu Quy Cooperative (Nghia Hieu, Nghia Dan)...

[Infographics] - Nghe An after 9 investment attraction conferences (2009 - 2018)

(Baonghean.vn) - After 9 years of organizing the Investment Attraction Conference, Nghe An has attracted 980 investment projects with a total registered capital of more than 276,000 billion VND.

Working atmosphere at Hoa Sen Steel Factory Office, Southeast Economic Zone. Photo: Tran Chau

It can be affirmed that the current economic imprints of Nghe An are closely linked to the investment projects that the province has attracted in recent years. Budget revenue reached over 12,000 billion VND, export tax grew strongly (over 1,500 billion VND) thanks to imported goods serving investment projects such as TH, VSIP... Through contacts, working sessions, direct meetings with embassies, banks, corporations, general companies... many projects have come to Nghe An to lay the foundation for development. The chain of projects of The Vissai Group, Song Lam Cement Factory, Nghi Thiet Grinding Station, factories of Ton Hoa Sen Group, VSIP industrial park and urban service, Bai Lu resort, Cua Hoi, Royal Foods,... all are creating the foundation for the socio-economic development of the province.

Nghe An is currently strongly developing industry, focusing on processing industry, supporting industry, industry exploiting potential strengths from agriculture. In 2018, the province aims to promote the capacity of existing factories, striving to produce new additional products by the end of 2018 such as expanding the Hoa Sen Steel production line, Anh Son MDF Wood Factory, Hai Chau Confectionery Factory, promoting projects in VSIP, Tan Thang Cement...
Some new projects are being promoted, creating new expectations such as: Thai Hoa Waste Treatment Plant in Thai Hoa town implemented by Vietnam Energy and Environment Joint Stock Company, Hieu Market Complex (Thai Hoa) invested by Ha Huy Joint Stock Company, Nghi Loc Garment Factory in Nghi Lam, Nghi Loc invested by Hanoi Textile and Garment Corporation, Khanh Son Tuynel Brick Factory of Trung Do Joint Stock Company, Massan Group's Brewery, Centerlink Holdings Group's Solar Power Plant, Vingroup Group's Phase 2 entertainment area, FLC Group's high-tech agricultural project in Tan Ky...