Nghe An province aims to attract more than VND 130,000 billion of investment

The People's Committee of Nghe An province has just issued a Decision approving the Project of the business investment environment improvement and the efficiency improvement of investment attraction in the 2021-2025 period.

The province's goal is to attract about 550 - 600 projects in this period with a total investment capital of VND 130,000 - 150,000 billion. FDI capital exclusively is about US$ 3,000-3,500 million.

It is expected that the investment capital allocated to Economic Zones and Industrial Parks is up to VND 75,000 - 90,000 billion, with about 100 - 120 projects.

Nghe An province prioritizes attracting industrial production projects to the Southeast Economic Zone and industrial parks and industrial clusters. By 2025, the province will complete the construction of infrastructure in Industrial Parks such as VSIP, WHA phase 1, Hoang Mai 1. Simultaneously, the province will deploy the investment in Industrial Parks such as Hoang Mai 2, Tho Loc, WHA phase 2. 

Nghe An province continues to identify three potential investors, including VSIP, WHA, and Hoang Thinh Dat, an essential criterion in developing industrial park infrastructure - urban. Also, the province will prioritize other investors with great financial capacity, long experience, and the ability to maintain stability for a long time.

In addition, critical regional partners of Nghe An province have also been identified, including Japan, Korea, Singapore, Israel, Taiwan, Hong Kong, and many businesses from rich economic countries.

The province gives priority to projects using advanced technology, with a little negative impact on the environment; not approve projects using technologies on the list of technologies restricted from transfer according to current law provisions; Failure to consider and approve investors who cannot explain their financial capacity or fulfill their financial obligations to the State if they have been allocated or leased land by the State, violating regulations on investment, land, and construction which have not been remedied.