More than 14,000 billion VND invested in Nghe An

Attracting investment capital is the socio-economic highlight of the North Central region in the first quarter.

According to the Nghe An Statistics Office, in March alone, the province had 3 projects with increased capital with a value of more than VND 1,424 billion, including the Radiant Opto-Electronics Vietnam Nghe An factory project in VSIP TM Industrial Park with an increase of 25 million USD, equivalent to VND 600 billion.

In the first three months of the year, Nghe An granted new investment projects with a total registered capital of more than VND 12,274 billion, more than double the same period in 2023. The whole province had 14 adjustments with a total additional capital of more than VND 2,352 billion. Accordingly, the total newly granted and adjusted capital was more than VND 14,626 billion.

Radiant Opto-Electronics Vietnam Nghe An factory project in VSIP industrial park. Photo: VSIP

This year, Nghe An aims to continue to be in the top 10 localities attracting the most FDI in the country. Previously, in 2023, for the first time, this province recorded a total foreign direct investment exceeding the 1.6 billion USD mark and ranked 8th among the localities attracting the most foreign investment in the country.

In addition, since the beginning of the year, local authorities have urged to accelerate the implementation of a number of key infrastructure investment projects. These include the Vinh - Cua Lo road project phase 2 with a total investment of more than VND 1,415 billion, the Dien Chau - Bai Vot section investment project under the North - South East Expressway Construction Project in the 2017-2020 period with a total investment of more than VND 11,157 billion.

In addition to attracting investment, in the first quarter, the province's total revenue from accommodation and food services is estimated at more than VND 4,001 billion, an increase of more than 50% over the same period. Revenue from tourism services is nearly VND 54 billion, an increase of more than 76% over the same period in 2023. The General Statistics Office said that Nghe An's trade and service activities in the first quarter are on the rise, with many stimulus, connection, and trade promotion programs being implemented. As a result, total retail sales of goods and consumer service revenue increased compared to the same period last year.

This year, Nghe An aims for GRDP growth of 9-10%, 1-2 percentage points higher than in 2023. To achieve this goal, since the beginning of the year, Nghe An provincial leaders have proposed many synchronous plans and solutions.

Currently, the infrastructure of Nghe An in general and Vinh city in particular is increasingly synchronized, including: the investment project to upgrade and expand Vinh International Airport; the Nguyen Sy Sach extended road project connecting Vinh city center with the Lam riverside road.

Nghe An's transport infrastructure is increasingly improved. In the photo is the extended Nguyen Sy Sach street paved with asphalt concrete. Photo: Thanh Son

In addition, the Ben Thuy 3 bridge project, starting point in Hung Hoa commune, Vinh city; ending point in Nghi Xuan district (Ha Tinh), is on the list of priority investment projects in the period 2021-2030. The Ben Thuy 3 bridge project is expected to add momentum to the development of the largest urban center area of ​​Nghe An province, expand trade connections, link the North Central region and meet the travel needs of people in Nghe An - Ha Tinh provinces, reducing the load on Ben Thuy 1 and 2 bridges.

Currently, there are 5 road bridges across the Lam River connecting Nghe An and Ha Tinh, including Ben Thuy 1 and 2, Cua Hoi, Yen Xuan, Hung Duc (part of the Dien Chau - Bai Vot expressway under construction).

According to experts, the driving force from socio-economic development, especially infrastructure, makes Nghe An more attractive to investors. On the other hand, thanks to the development of transport infrastructure, real estate projects in the province, especially the expanded Vinh city, become more valuable.

Currently, many large projects have contributed to changing the local appearance, such as the WB project investing 130 million USD to build urban infrastructure to adapt to climate change in Vinh City, or the nearly 200-hectare Eco Central Park metropolis of the founder of Ecopark.

Eco Central Park is located at the intersection of Lam River Road and Nguyen Sy Sach Avenue, which is being extended to both sides. The end of the avenue is up to 70m wide. From this location, Eco Central Park residents will have convenient access to Vinh city center, access to the hospital system, Vinh International Airport and the famous Cua Lo tourist area in just 8-20 minutes by car.

Model villa at Eco Central Park. Photo: Ecopark founder

According to the investor, nearly 300 villas and townhouses in the metropolis were handed over nearly 2 months ahead of schedule; many amenities were completed. The investor is expected to hand over the new batch at the end of April.

Hoai Phong

Source link: https://vnexpress.net/hon-14-000-ty-dong-dau-tu-vao-nghe-an-4733410.html