The trend in Nghe An province is shifting from breadth to depth in industrial real estate development.
Amidst the ongoing restructuring of global supply chains and the strong trend of investment shifts, industrial real estate in Vietnam is entering a new phase of development, with a strong focus shifting from expansion to quality improvement. Along with other localities, Nghe An is strongly attracting investors and becoming an industrial hub in the North Central region.
Investment in industrial park infrastructure accelerates.
The trend of investment shifting from China to Vietnam in recent years, along with the need to expand production, seek human resources, and develop green industrial parks, has made Nghe An an attractive destination for investment capital. With its large land area, increasingly improved infrastructure, and the presence of the Southeast Economic Zone, Nghe An meets the increasingly stringent requirements of investors in this new phase.
In 2025, despite the volatile global economy and numerous challenges facing the investment environment, the Southeast Economic Zone and industrial parks in Nghe An province still recorded positive results in infrastructure investment, project attraction, and production and business efficiency. These results demonstrate a clear shift from extensive to intensive development, from quantity to quality.
One of the most notable developments is the shift in thinking regarding industrial park infrastructure investment. Instead of spreading resources thinly, Nghe An is focusing its efforts on completing large-scale industrial parks with integrated technical and social infrastructure. Industrial parks developed by reputable infrastructure investors such as VSIP, WHA, and Hoang Thinh Dat are gradually forming a relatively complete production-urban-service ecosystem, meeting the increasingly high demands of secondary investors.
According to Mr. Le Tien Tri, Member of the Provincial Party Committee and Head of the Southeast Economic Zone Management Board, in 2025, the Board will continue to implement the overall adjustment of the master plan for the construction of the Southeast Economic Zone until 2040 and the development plan for industrial zones in the period 2021-2030. Infrastructure investment and construction is identified as a key step to create the necessary land and technical conditions to attract high-quality investment projects. Investors are focusing more on integrated infrastructure, modern logistics, environmental standards, social infrastructure, and long-term sustainable development potential.
During the year, infrastructure investors accelerated construction progress at 7 key industrial parks. Notably, the VSIP Nghe An Industrial, Urban and Service Park was a highlight, with the industrial park infrastructure in phase 1 98% complete, phase 2 over 92%; total cumulative investment exceeded VND 6,916 billion. The Tho Loc Industrial Park's phase 1 has basically completed land clearance, and technical infrastructure is being developed on an area of approximately 130 hectares.
The WHA Industrial Zone 1 in Nghe An has completed its Phase 1 infrastructure and is nearing completion of Phase 2, ready to welcome secondary projects. The total investment capital mobilized for infrastructure development in economic zones and industrial parks in 2025 is estimated at over VND 2,569 billion, a 25.5% increase compared to the same period in 2024. By November 2025, the province will have 9 established industrial parks with a total area of 2,752.7 hectares; the average occupancy rate is over 50%. Investment capital is shifting strongly from "quantity" to "quality".
Mr. Le Tien Tri added: The trend of in-depth development is clearly reflected in the structure and quality of investment capital flows. In 2025, the total newly registered and adjusted capital in the Southeast Economic Zone will reach over 30,800 billion VND, exceeding the set target by 23.5% and accounting for over 70% of the total registered investment capital of the entire province. Notably, FDI capital will reach over 1 billion USD, continuing to place Nghe An among the localities attracting large amounts of FDI nationwide. Many large-scale, high-tech projects such as Mega Textile, Foxconn, Luxshare… have been expanded or increased in capital, demonstrating the long-term confidence of investors in the province's investment environment.
In addition to focusing on capital scale, Nghe An proactively screens and prioritizes projects in electronics, digital technology, supporting industries, processing and manufacturing, energy, and new materials; while limiting projects with outdated technology, high resource consumption, and potential environmental pollution risks.
The sustainable advantages of industrial real estate in Nghe An.
Industrial real estate in Nghe An province is currently possessing many long-term competitive advantages. First and foremost is the large, contiguous land area, facilitating expansion according to the provincial planning for the period 2021-2030. This is a crucial condition for attracting large-scale manufacturing projects and forming complete value chains, especially in a context where many other localities are gradually shrinking their development opportunities.
The strategic location and excellent logistics connections also contribute to the increased value of industrial real estate. The Southeast Economic Zone is situated on the North-South transportation axis, providing convenient access to the Cua Lo seaport system and other regional ports. By 2025, the volume of goods handled through the port is expected to reach approximately 14.08 million tons, creating a significant cost advantage in logistics for businesses.
Simultaneously, Nghe An province is focusing on linking industrial park development with social infrastructure. By the end of 2025, the Southeast Economic Zone has been implementing 10 social housing and worker accommodation projects with a total of over 12,000 apartments, along with healthcare projects serving workers. This is a crucial factor in stabilizing the workforce and enhancing the long-term attractiveness of industrial parks.
Towards sustainable and modern development.
By 2025, the revenue of businesses in economic zones and industrial parks is estimated to reach over 107,000 billion VND; export turnover will account for nearly 60% of the province's total export turnover; and budget revenue will reach nearly 3,600 billion VND. More than 64,000 jobs will be created with an average income of over 9 million VND/person/month, contributing to improving the lives of workers and creating a sustainable social foundation for industrial development.
Entering 2026 and beyond, competition in the industrial real estate sector is predicted to become increasingly fierce and selective. In this context, Nghe An province is determined to continue developing its economic zones and industrial parks in a comprehensive, modern, and sustainable manner; focusing on completing planning, reforming administrative procedures, developing logistics infrastructure, digital infrastructure, worker housing, and high-quality human resources.
The development experience in Nghe An shows that industrial real estate is no longer a race for quantity, but a competition for infrastructure quality, investment environment, and added value. This is also the path for Nghe An to gradually assert its role as one of the important industrial growth poles of the North Central region and the whole country in the new development phase.
