The provincial People’s Committee reported that over the period, Nghe An approved investment policies and granted registration certificates for 55 projects with a total capital of over 11.27 trillion VND (427.7 million USD) during the first nine months of 2025. In addition, 147 projects had their investment adjusted, including 42 that increased capital by about 22.56 trillion VND.
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A production line at the TDV Vietnam Manufacturing and Trading Group Co., Ltd., located in the VSIP Nghe An Industrial Park |
FDI attraction recorded particularly positive results, with 15 newly licensed projects totaling 213.3 million USD, accounting for 27.3% of the new projects and 48.1% of their combined capital. Meanwhile, 14 existing FDI projects raised their capital by 655.8 million USD.
Several large-scale projects licensed in recent years are helping transform Nghe An’s economic landscape. Notable examples include the VSIP Nghe An III Industrial Park (52.5 million USD), the VSIP Nghe An – Casa Bonita residential project (88.84 million USD), and the Sunny (Vietnam) smart optical technology manufacturing project in WHA Industrial Park (11 million USD).
Many projects have also significantly increased their investment capital, such as Fu Wing Interconnect Technology Co., Ltd., which added 150 million USD; the Galax waste-to-energy plant, which raised its capital by almost 2.93 trillion VND; and the Andromeda footwear factory, which recorded an additional 32 million USD.
The province’s achievements are supported by the planned expansion of the Southeast Economic Zone to 80,000 hectares in 2025, including 15,000 hectares dedicated to industrial development. This extensive clean land area enables the province to meet the requirements of large-scale projects, especially those in high-tech and supporting industries.
Nghe An is also investing heavily in infrastructure, including upgrading Cua Lo Port, expanding Vinh International Airport, and improving its road and railway networks, alongside developing a modern logistics system to enhance connectivity with regional and international destinations.
The province is pushing ahead with bettering its investment environment and boosting administrative reforms through “on-site one-stop” and “single-window” models, aimed at shortening processing times and increasing transparency through digital transformation. Authorities also pledge full legal and procedural support for investors throughout all project stages, from surveying and implementation to operation.
Between 2025 and 2030, Nghe An plans to establish 8 to 10 new industrial parks with a total area of 2,800–3,000 hectares, targeting 5–6 billion USD in FDI, focusing on high-tech, green, and environmentally friendly industries.
Source: VNA