The first international scale project in Nghe An
VSIP Nghe An industrial, urban and service park project started in September 2015, with a scale of 750 hectares, of which the industrial park development is nearly 368 hectares; the urban and service area is more than 382 hectares.
As of December 2023, VSIP Nghe An Industrial Park has attracted 42 investors (44 projects) with a leased land area of 243.45 hectares (out of a total factory construction land area of 250.63 hectares), reaching an occupancy rate of 97%. It is expected to attract more than 60,000 local workers. The total investment capital here is 23,497 billion VND (equivalent to 1,012.8 million USD), of which there are 24 foreign direct investment (FDI) projects here with a total registered capital of 948.4 million USD.
Currently, 41 projects have been granted Investment Registration Certificates, of which 27 investment projects have come into operation, creating initial jobs for nearly 16,000 local workers, 7 other investors are building factories and the remaining 9 investors have completed investment procedures and are carrying out planning procedures to implement construction. Investors from countries and territories such as Japan, Korea, Singapore, China, Taiwan (China), and Sweden have come here and confidently invested capital.
Attracting large supporting industry projects to invest in Nghe An is considered a bright spot in attracting FDI capital in recent times.
During the development process, VSIP has transformed from a traditional industrial park into an Industrial - Urban - Service complex with a comprehensive master plan towards clean and green development, Singaporean standards in Vietnam. In particular, there is a combination of human-centered factors, environment and industrial production with a green vision and steadfast strategic planning for a common sustainable development for the whole community.
According to the leaders of VSIP Nghe An, identifying labor as an invaluable human resource, enterprises in VSIP Industrial Park always pay attention to and have health care policies for workers. Therefore, right from phase 1, the project has brought an experience of a new and convenient lifestyle suitable for the needs of living in a modern, safe environment with diverse utilities and in harmony with nature of Nghe An people.
To have an attractive investment environment in VSIP as it is today, the support from the authorities at all levels of Nghe An province plays a very important role. The local authorities spend time, resources, and care to resolve difficulties and problems for investors.
In particular, Nghe An focuses maximum resources on investing in upgrading the seaport system, roads and transport infrastructure systems to ensure connectivity and provide necessary conditions for investors to make VSIP industrial park an attractive destination.
Workers at Luxshare-ICT, a major investor in manufacturing electronic components and green energy in the industrial park. Photo: Vo Mai.
In particular, compensation and site clearance are considered the prerequisites to ensure that works and projects, especially key projects, are implemented on schedule, promoting economic and social development. However, this is also a difficult and complicated step, greatly affecting people's lives.
VSIP is a large industrial park with an area of up to 750 hectares, many residential areas, factories and some scattered cemeteries. Of which, Hung Nguyen district accounts for the majority with 578 hectares. Therefore, the amount of work related to site clearance is quite large and faces many difficulties.
Mr. Nguyen Huu Ha, Vice Chairman of Hung Nguyen district, said that the locality has established a Steering Committee and a Site Clearance Council for each key project. If there are any problems, the district leaders will personally meet and have direct dialogue with the people, building trust and common unity.
With the above approach, up to now, the district has basically cleared the VSIP industrial park and only about 17 hectares are still stuck. In which, mainly focusing on the compensation price and handover of the site.
Towards developing green industry, clean industry
Mr. Nguyen Van Nam, Deputy Director of Nghe An Investment, Trade and Tourism Promotion Center, said that right from the time VSIP 1 industrial park is on the verge of being filled, Nghe An will prepare to immediately deploy VSIP 2 industrial park with a land use scale of 500 hectares in Dien Chau district.
According to Mr. Nam, Nghe An's infrastructure preparation has overlaps, along with mechanisms and policies on planning, plans, and synchronous development strategies, leading to Nghe An being an attractive destination for investors. All of these convergences, together with Resolution 39 on Nghe An's socio-economic development with a vision of 2030 - 2035, with a legal corridor and political consensus from the Central to local levels, have created a very complete picture for Nghe An in terms of investment attraction, including FDI attraction.
Perspective of the entire VSIP Nghe An industrial park project in Hung Nguyen district.
In 2023, Nghe An welcomed a remarkable increase in investment capital into the area; foreign direct investment (FDI) capital alone officially surpassed the 1.6 billion USD mark. With that result, this is the second consecutive year that Nghe An is in the top 10 provinces and cities attracting the best FDI capital in the country, ranking first in attracting FDI capital in the Central Highlands region.
A representative of the Nghe An Investment, Trade and Tourism Promotion Center added that in the next 3 years, Nghe An will focus on attracting high-tech sectors such as electronic components, refrigeration, precision mechanics, auto and motorbike spare parts, etc. At the same time, it will aim to develop green and clean industries to develop according to the green economic model, circular economy, and sustainability.
Provincial Party Secretary Thai Thanh Quy and Provincial People's Committee Chairman Nguyen Duc Trung presented investment certificates and flowers to investors in Nghe An.
Regarding the goal of attracting FDI in 2024, according to Mr. Nguyen Duc Trung, Chairman of Nghe An Provincial People's Committee, the locality will basically focus on 5 main tasks including: readiness for investment sites, readiness for essential infrastructure, readiness for human resources, readiness for innovation and reform to improve the business environment, and readiness to support, which has created a clear change in the entire political system.
Nghe An province pledges to continue to stand side by side, accompany and create the most favorable conditions in terms of policies and investment and business environment for investors; always highly determined and take practical actions to make Nghe An an investment location: "Convenient, safe and reliable for investors, including foreign investors".
Nghe An Provincial People's Committee issued Decision No. 3560/QD-UBND to implement the Green Growth Action Plan of Nghe An province for the period 2021 - 2030. In particular, Nghe An sets a target that by 2030, the intensity of greenhouse gas emissions per gross regional domestic product (GRDP) will decrease by 9 - 18.4% compared to 2018.
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