Nghe An has an additional industrial park worth over 52 million USD

Nghe An Provincial Party Secretary Nguyen Duc Trung has just presented the decision approving the investment policy of VSIP Nghe An 3 project to the leaders of Sembcorp Group (Singapore).

VSIP Nghe An 3 project is built in Hung Tay commune (Hung Nguyen, Nghe An) on an area of ​​about 181 hectares.

VSIP Nghe An 3 project covers an area of ​​about 181.12 hectares, with a total investment capital of 52.5 million USD (more than 1.3 trillion VND). The project's operation period is 50 years from the date of investment policy approval. The project is built in Hung Tay commune (Hung Nguyen district, Nghe An). It is expected that the project will be invested in the fourth quarter of 2025.

This is the 3rd VSIP Industrial Park in Nghe An, after VSIP Nghe An 1 project and VSIP Nghe An 2 project.

Since 2015, VSIP Group has invested in Nghe An with the VSIP Nghe An Industrial, Urban and Service Park project (VSIP Nghe An 1) in Hung Nguyen district. The project has a scale of more than 750 hectares with a total investment of 359 million USD.

VSIP Nghe An 1 and 2 Projects have attracted 54 secondary projects to invest in factory construction.

In February 2023, VSIP continued to invest in the construction of Tho Loc Industrial Park - Phase 1 (VSIP Nghe An 2) in Dien Chau district. The industrial park has a land use scale of 500 hectares, with a total investment capital of 164.6 million USD.

Up to now, the industrial parks invested by VSIP Nghe An have completed 96.98% of the site clearance; the Urban and Service Area has completed about 45% of the site clearance. The industrial park has basically completed the construction of synchronous infrastructure to attract investment; the Urban and Service Area is under construction and site clearance.

These industrial parks have attracted 54 secondary projects, with a total registered investment capital of VND64,761.5 billion. Of which, 34 projects have foreign direct investment (FDI) capital with a total capital of USD2.59 billion. Total FDI capital in VSIP Nghe An's industrial parks accounts for 53.1% of the province's total FDI capital. Of which, VSIP Nghe An 1 has attracted 53 projects and VSIP Nghe An 2 has attracted 1 project.

VSIP is one of the successful FDI projects of Nghe An province and has become a key project with the expectation of creating a major breakthrough.

In 2024, Nghe An attracted nearly 1.75 billion USD in FDI capital, ranking 8th out of 63 provinces and cities. VSIP Nghe An alone attracted 8 FDI projects with a total investment capital of nearly 1.4 billion USD.

VSIP is one of the successful FDI projects of Nghe An province and is becoming a key project with the expectation of creating a major breakthrough for industrial development of Nghe An province in the coming time.

Ngoc Tu