Continue to improve investment attraction
In March 2025, the province approved investment policies/issued investment registration certificates for 4 projects with a total investment capital of VND 1,502.4 billion; adjusted 8 projects, including 2 capital adjustments, with a total adjusted capital increase of VND 1,262.4 billion. The total newly adjusted investment capital is VND 2,764.8 billion.
Some major new projects are VSIP Nghe An 3 Industrial Park of VSIP Nghe An Limited Liability Company (LLC) with a total investment of 52.5 million USD (equivalent to 1,325 billion VND); Industrial livestock farm of Con Cuong Investment and Livestock Joint Stock Company with a total investment of 131.65 billion VND.
Major adjusted projects include: Export footwear processing factory in Hoang Mai I Industrial Park of Andromeda Vietnam Shoes Company Limited with total investment increased by 32 million USD; Soilbuild Nghe An ready-built factory, warehouse and office for lease investment project in WHA Industrial Park of SB Company Limited (Nghe An) with total investment increased by 480.8 billion VND.
From January 1, 2025 to March 21, 2025, the province approved investment policies/issued investment registration certificates for 10 projects/total investment of VND 2,223.5 billion, adjusted for 34 projects, of which capital was adjusted for 9 projects/total investment increased by VND 4,441.1 billion. The total newly granted and increased investment capital is VND 6,664.6 billion (equal to 45.6% compared to the same period last year).
In which: Domestic investment: Newly granted for 7 projects with total registered investment capital of 834.3 billion VND (accounting for 70% of the number of projects and 37.5% of the total investment capital) and FDI investment: Newly granted for 3 projects with total registered investment capital of 55 million USD (accounting for 30% of the number of projects and 62.5% of the total investment capital), adjusted capital for 4 projects/total investment increased by 56.9 million USD. Total newly granted and adjusted capital is 111.9 million USD.
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Many FDI and non-state investment projects are in the process of accelerating implementation to be put into use in 2025, such as: Everwin Precision Technology Factory Project (Nghe An); Luxshare - ICT Company Limited Factory Expansion Project (Nghe An); Ju Teng Electronic Technology Company Limited Electronic Components Factory Project; Urban Area and Social Housing Project in Hung Hoa Commune; Vincom Shophouse Vinh Project; Vinh Tan Ecological Urban Area Project.
For three consecutive years, Nghe An has been among the top localities in the country in attracting FDI. By 2025, it aims to not only maintain its position but also improve the quality of foreign investment flows, while striving to achieve an impressive double-digit growth rate... Thanks to the synchronous implementation of solutions, continued innovation, and improved efficiency of investment promotion activities with a focus on key areas, investment attraction and industrial production continue to achieve good results. Provincial leaders and departments focus on approaching and promoting direct investment by location, partner, and sector, especially closely linking investment promotion activities with industrial park infrastructure investors.
Industrial production increased quite well.
Attracting good investment has a positive impact on industrial production results; some products have created breakthroughs, contributing to socio-economic growth in the area.
According to information from the Department of Industry and Trade, the industrial production index in March 2025 in Nghe An is estimated to increase by 13.45% over the same period; specifically: Mining industry increased by 65.58%; Production and distribution of electricity, gas, hot water, steam and air conditioning increased by 18.09%; Water supply, waste and wastewater management and treatment increased by 12.69%; Processing and manufacturing industry increased by 11.54%.
In March 2025, taking advantage of favorable conditions in the country as well as in the province, businesses have promoted production resumption, expanded business scale, new factories and projects have been deployed and put into stable operation, contributing to the economic growth of the province.
In the first three months of 2025, the industrial production index increased by 10.74% over the same period. Of which: Mining industry increased by 20.62%; Water supply, waste and wastewater management and treatment increased by 12.25%; Processing and manufacturing industry increased by 10.41% and production and distribution of electricity, gas, hot water, steam and air conditioning increased by 10.09%.
The industrial production index increased due to the attention and direction of sectors and levels in resolving difficulties and problems of enterprises. On the other hand, enterprises made efforts to find consumption markets, especially foreign markets, so orders increased, many new projects came into stable operation, contributing to the economic growth target of the province.
Some products increased such as: Microphones estimated at 58.7 million units, 11.7 times higher; Headphones not connected to microphones estimated at 12.1 million units, up 42.68%; Chargers estimated at 4.2 million units, up 42.58%; Yogurt estimated at 11.5 thousand tons, up 25.76%; Cement clanke estimated at 1.9 million tons, up 21.40%; Canned beer estimated at 25.5 million liters, up 15.48%; Electricity production estimated at 586 million kWh, up 14.51%; Beer can shells estimated at 1.9 thousand tons, up 13.13%.
In addition, some businesses and factories are facing difficulties and challenges due to the impact of the world and domestic situation, causing orders to decrease, large inventories, high production costs, resulting in low production of products such as: Fresh concrete decreased by 36.57%; Bottled beer decreased by 28.70%; BSE speakers decreased by 27.23%; Fiber decreased by 26.35%; Paper packaging decreased by 20.46%; Stone powder decreased by 9.85%; Tien Phong plastic pipes decreased by 7.74%; Hoa Sen steel pipes decreased by 6.52%.
Mr. Pham Van Hoa - Director of the Department of Industry and Trade assessed that industrial production in the first 3 months of 2025 in Nghe An province still faced many difficulties and challenges because the world economy still had many potential unstable factors. Especially the possibility of a strong resurgence of the trend of de-globalization, trade protectionism, trade wars and new geopolitical tensions. However, domestically as well as in the province, industries have many opportunities from receiving foreign investment flows, with key projects such as: Semiconductors, renewable energy, high-speed railways and especially the determination and consensus of the entire political system along with the creativity, flexibility and initiative of enterprises, so the industrial production situation in the area still maintained a fairly good growth rate.
In 2025, Nghe An Industry and Trade sector sets a target of industrial production value of 130,600 billion VND, an increase of 15.55%/year in 2024. To achieve the set target, the sector continues to mobilize resources to implement industrial and trade development tasks assigned in the 5-year socio-economic development plan for the period 2021 - 2025. At the same time, focus on implementing the Nghe An Provincial Planning for the period 2021 - 2030, with a vision to 2050; Power Plan VIII; Plan to implement Power Plan VIII; Action Program to implement Resolution 39-NQ/TW dated July 18, 2023 of the Politburo on building and developing Nghe An province to 2030, with a vision to 2045...
Source: https://baonghean.vn/nghe-an-thu-hut-dau-tu-thuc-day-cong-nghiep-tang-truong-10294462.html
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