Nghe An Province grants Investment Registration Certificate to adjust WHA Industrial Park project

Attending the ceremony, on behalf of the Provincial People's Committee, there were comrades: Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; Le Ngoc Hoa - Vice Chairman of the Provincial People's Committee; leaders of the Southeast Economic Zone Management Board; departments, branches and Nghi Loc district.

On the investor side, there was Ms. Nguyen Thi Bich Lien - General Director of WHA Industrial Zone Nghe An Joint Stock Company; leaders of WHA Group in Thailand attended online.

Overview of the ceremony. Photo: Pham Bang

WHA Industrial Zone 1 Nghe An Industrial Park Project is one of the key projects of Nghe An province with a planned area of ​​498 hectares, the total project investment is 2,056.5 billion VND (equivalent to 92.2 million USD). In 2017, the Project was approved by the Prime Minister in Decision No. 681/QD-TTg dated May 22, 2017 with the goal of investing in the construction and business of industrial park infrastructure, high-tech industrial parks and urban areas.

In the 2017-2020 period, the investor has implemented investment in construction and basically completed Phase 1 of the project with an area of ​​143.5 hectares. In recent years, especially in 2020, despite many difficulties due to the impact of the Covid-19 pandemic, WHA Industrial Park has still achieved many positive results in attracting investment in secondary projects.

A corner of WHA Industrial Park located in the Southeast Economic Zone. Photo courtesy

As of March 2021, WHA Industrial Park has attracted 7 secondary projects, with a total registered capital of VND 2,925.7 billion (equivalent to USD 126.6 million), a total land lease area of ​​54.89 hectares, and an occupancy rate of 53.8%.

One of the large-scale secondary projects with development momentum that has registered to invest in WHA Industrial Park is the project of Goertek Vina Precision Industry Co., Ltd. with a total investment capital of 100 million USD in phase 1. The project started construction on January 21, 2021 and is currently implementing investment and construction. It is expected that phase 1 of the project will be put into operation in December 2021.

The total investment capital of phase 2 of the project is about 200 million USD, which has been adjusted to increase the land area from 28.8 ha to 40.4 ha on February 24, 2021, and phase 3 of the project is expected to have a total investment of about 300 million USD. Accordingly, when the project is completed, it will create jobs for about 30,000 workers, contributing very positively to the economic development of Nghe An province in the period of 2021-2025 and the following years.

Chairman of the Provincial People's Committee Nguyen Duc Trung presented the Decision on adjusted investment registration, Vice Chairman of the Provincial People's Committee Le Ngoc Hoa presented flowers to congratulate WHA Industrial Zone Nghe An Joint Stock Company. Photo: Pham Bang

In order to meet the needs of investors in the coming time, especially the trend of foreign investment waves shifting to Vietnam in general and Nghe An province in particular and ensuring adaptation to the country's investment attraction policy, the province's socio-economic development strategy and the promotion and investment plans of enterprises, WHA Industrial Zone Nghe An Joint Stock Company proposes to adjust the project with the desire to create a clean industrial land fund to attract large-scale industrial production projects, with a driving force to promote the development of potential investors in Nghe An and socio-economic development for the locality.

Accordingly, Sub-area 2 of the WHA Industrial Zone 1 - Nghe An Industrial Park Project with an area of ​​354.5 hectares has been adjusted in its target from investing in the construction and business of the infrastructure of the Urban Area and High-Tech Industrial Park to investing in the construction and business of the infrastructure of the Industrial Park, and at the same time adjusting the location to Nghi Hung and Nghi Dong communes (Nghi Loc) to ensure compliance with the General Planning for the construction of the Southeast Economic Zone and synchronization in connecting the technical infrastructure of the industrial park.

WHA Industrial Zone Nghe An Joint Stock Company presents gifts to Nghe An Provincial People's Committee. Photo: Pham Bang

Speaking at the ceremony, comrade Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee emphasized that in the last months of 2020 and the first 2 months of 2021, the investment attraction results of Nghe An province achieved many positive signals.

The province has granted an investment registration certificate to the Everwin USA project with a total investment of 200 million USD at VSIP Industrial Park; the project of Goertek Vietnam Company with a total investment of 100 million USD in phase 1 at WHA Industrial Park; and granted an investment registration certificate to the Hoang Mai I Industrial Park project with a total investment of 750 billion VND in Hoang Mai town.

Comrade Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee spoke at the ceremony. Photo: Pham Bang

Emphasizing that the WHA Industrial Zone project is a key project in the province, the Chairman of the Provincial People's Committee assessed that the proposal to adjust the project is completely correct, in line with the development trend in attracting investment into industrial parks in the province. And on March 16, 2021, the Prime Minister issued a decision approving the adjustment of the investment policy of the WHA Industrial Zone project. Thereby, continuing to affirm the province's determination and efforts in supporting and accompanying investors to achieve the goals of socio-economic development and attracting investment in the province.

“Nghe An Province would like to thank WHA Group Thailand and WHA Industrial Zone Nghe An Joint Stock Company for their trust, determination and efforts in implementing the project. At the same time, we believe that when Phase 2 with an area of ​​354.5 hectares of the project comes into operation, it will achieve the goal of attracting more investors to invest in the industrial park,” said the Chairman of the People's Committee of Nghe An Province.

Identifying this as one of the important projects, playing a driving role in attracting investment in the province in 2021 and the period of 2021 - 2025, Nghe An province commits to continue to accompany and support investors to solve problems and difficulties to effectively implement the project.

The ceremony was connected online to WHA Group in Thailand. Photo: Pham Bang

Chairman of the Provincial People's Committee Nguyen Duc Trung assigned the Southeast Economic Zone Management Board to preside over and coordinate with departments, branches, and Nghi Loc district to proactively and promptly resolve proposals and recommendations from investors according to regulations and arising problems and difficulties to ensure the progress of the implementation of phase 2 of the WHA Industrial Zone 1 Nghe An Industrial Park Project and secondary projects in the Industrial Park.

For Nghi Loc district, the Chairman of the Provincial People's Committee requested the district to focus on propaganda and mobilization work to get people to support the policy of socio-economic development and investment attraction in the area. In particular, focus on solving existing problems and obstacles in the site clearance work for sub-zone 1 and sub-zone 2 of the WHA Industrial Park project to promptly hand over clean land to investors.

Speaking at the ceremony, Mr. David Nardone - General Director of Industrial and International Sector and Vice Chairman of the Board of Directors of WHA Group thanked the leaders of the Provincial People's Committee, departments, branches and localities for supporting investors to successfully develop.WHA Industrial ParkIndustrial Zone 1 Nghe An. The project adjustment reflects the sustainable relationship between the investor and Nghe An province from the early days and has continuously grown over the years.

Mr. David Nardone - General Director of Industrial and International Sector and Vice Chairman of the Board of Directors of WHA Group spoke at the ceremony. Screenshot: Pham Bang

Mr. David Nardone emphasized that with increasing investment demand, it is expected that most of the land area in Subdivision 1 of WHA Industrial Park will be leased by the group to secondary investors before the end of 2021. At the same time, WHA is taking strategic steps to continue developing the project's infrastructure as quickly as possible to ensure that the province has industrial land to serve investors, create more jobs, and contribute positively to the socio-economic development of Nghe An./.