Overview of Nghe An's FDI attraction - from "lowland" to Top 10 nationwide

By the end of 2024, Nghe An province has 151 FDI projects with a total investment capital of 5.871 billion USD, ranking 22nd out of 63 localities in terms of total registered investment capital.

In the first two months of 2025, the province granted a new project with a total registered investment capital of 1.5 million USD, and adjusted the capital of 2 projects with a total investment increase of 8 million USD. The total newly granted and adjusted capital is 9.5 million USD.

Nghe An has attracted many large projects in electricity and electronics in the global supply chain of major investors: Luxshare ICT Group, Shangdong, Radiant, Everwin, Foxconn, Sunny, Goertek, Tan Viet; Juteng, Runergy

FDI projects come from 14 countries and territories investing in Nghe An. Of which, investors from China, Korea, Hong Kong (China), Thailand, Taiwan (China), Japan, Singapore, India, Australia, and the US have the largest number of investment projects.

Meanwhile, investors from Hong Kong (China), China, Singapore, Taiwan (China), Thailand, and South Korea respectively have the largest investment capital.

By the end of 2024, 24 FDI projects with an investment of over 50 million USD had been granted Investment Certificates; of which 7 projects had come into operation. It is expected that in 2025, 8 new projects will come into operation and continue to increase production capacity.

Nghe An has attracted 108 projects in the industrial sector, including 31 technology production projects in the fields of electronic components, auto parts, optical components, photovoltaics, high-performance battery production...

Regarding land use efficiency, the average is about 41,936 billion VND/ha; employing about 225 workers/ha. In the Southeast economic zone and industrial zones, the average investment rate is about 205 billion VND/ha; employing about 299 workers/ha.

From 2019 to 2024, on average each year, FDI projects contribute about 230-240 billion VND to the province's budget, accounting for about 2%.

By the end of 2024, the number of employees working in foreign-invested enterprises will be 49,000 people, an increase of 78.18% compared to 2019, mainly female workers and workers in rural areas.

Up to now, the province has established 8 industrial parks with a total area of ​​2,571.57 hectares, the average occupancy rate of the industrial parks is 53%.

Currently, the land fund capable of immediately attracting investment into industrial parks is about 859 hectares, including: VSIP Nghe An 1 Industrial Park is 20 hectares; VSIP 2 Industrial Park is 301 hectares; WHA Industrial Zone 1 Industrial Park is 157 hectares; WHA Industrial Zone 2 Industrial Park is 134 hectares; Hoang Mai I Industrial Park is 32 hectares and Hoang Mai II Industrial Park is 215 hectares.

In 2025, Nghe An province plans to develop 4 new industrial parks with an area of ​​about 760 hectares, including: VSIP 3 Industrial Park with an area of ​​180 hectares; Tho Loc B Industrial Park with an area of ​​180 hectares; Nghia Dan Industrial Park with an area of ​​200 hectares; Dien Quynh Industrial Park with an area of ​​200 hectares to ensure land fund with synchronous infrastructure to serve investment attraction.