Nghe An affirms attractive destination
In mid-October, Nghe An received more good news. Under the authorization of the Prime Minister , Deputy Prime Minister Le Minh Khai signed Decision 1164/QD-TTg approving the investment policy of the Hoang Mai II Industrial Park project in Nghe An province; and at the same time approving the investor, Hoang Thinh Dat Joint Stock Company. The total investment capital of the project is 1,900 billion VND, of which the investor's capital contribution is 570 billion VND. The project's operating period is 50 years from October 9, 2023. The project is located in Quynh Vinh commune, Hoang Mai town, with a land use scale of 334.79 hectares.
Earlier, on the morning of August 29, at the Government headquarters, Prime Minister Pham Minh Chinh and Singaporean Prime Minister Lee Hsien Loong performed the groundbreaking ceremony for the VSIP Nghe An II project. The project has a land use scale of 500 hectares in Dien Tho, Dien Phu, Dien Loc communes (Dien Chau district), in the Southeast Economic Zone, Nghe An. The project's operating period is 50 years from February 8, 2023. This is a project to build industrial, service, and urban areas that converge green, smart, and sustainable development factors.
In recent times, many projects with huge capital and modern technology have also chosen Nghe An as an investment destination such as: The project of Runergy PV Technology Co., Ltd. (Thailand) to produce monocrystalline silicon bars and semiconductor wafers in Hoang Mai I Industrial Park, Hoang Mai town (Nghe An) with an investment capital of more than 400 million USD, was granted an investment certificate in June 2023. The factory of this project has a design capacity of nearly 40,000 tons of silicon bars/year, nearly 30,000 tons of semiconductor wafers/year. According to the plan, the project will complete the procedures to hand over the site; deploy factory construction and purchase machinery and equipment from June 2023 to October 2023; in November 2023, the trial production and official production of the first phase of the project will be conducted; by June 2025, the entire project will be put into operation.
Previously, in July 2023, the Standing Committee of Nghe An Provincial Party Committee approved the investment policy of Innovation Precision Vietnam Co., Ltd. in VSIP Industrial, Urban and Service Park. The project has a total investment of about 165 million USD, aiming to produce aluminum alloy for the electronics and green energy manufacturing industry. The project has a design capacity of 100,000 tons/year and a scale of nearly 11.8 hectares, expected to come into operation from October 2024, and create about 1,500 jobs.
In mid-May 2023, the Southeast Economic Zone Management Board also granted an Investment Certificate to Foxconn Interconnect Technology Singapore PTE.LTD to implement the Fu Wing Interconnect Technology Co., Ltd. Project at WHA Industrial Zone 1 in Nghi Long Commune, Nghi Loc District with a total investment of 100 million USD. The project covers an area of about 48 hectares and is expected to complete the construction of the factory and ancillary works from June 2023 to June 2024. In the next phase, from July to October 2024, the investor will import machinery and equipment, conduct trial operations to complete the stages of putting into use with a design capacity of 400 million connection wires/year, 94 million wireless chargers/year and over 627 connection heads/year.
It can be said that thanks to many solutions to improve the investment and business environment, foreign affairs activities, investment promotion and business support, attraction activities have achieved many positive results. In the first 9 months of 2023, Nghe An has newly granted 91 projects with a total registered investment capital of VND 35,578.3 billion. The total newly granted and increased capital is VND 41,799.7 billion. Compared to the same period in 2022, the number of newly granted projects increased by 13.7%, the total newly registered capital increased by 1.9 times.
FDI attraction continued to be a highlight in the first 9 months of 2023, rising to 8th place for the first time out of 63 provinces and cities nationwide with a total newly granted and adjusted capital increase of 1,275.21 billion USD. To date, Nghe An province has 130 FDI projects registered for investment, with a total registered capital of nearly 3.85 billion USD.
Nghe An's business investment environment is becoming increasingly attractive to foreign investors, as the amount of foreign direct investment attracted in the first 9 months has increased sharply compared to the same period last year. Thanks to attracting large investors, breakthrough projects have contributed to shifting the economic structure and creating a premise for growth...
Many policies to support and promote industry
After 5 years of implementing Resolution No. 23-NQ/TW dated March 22, 2018 of the Politburo on the orientation of building a national industrial development policy to 2030, with a vision to 2045, Nghe An industry has made progress and flourished. The results were achieved thanks to comprehensive solutions, including policies to support development in the new period, with a new vision...
Mr. Pham Van Hoa - Director of the Department of Industry and Trade said: Implementing Resolution 23-NQ/TW, the Standing Committee of the Provincial Party Committee issued an Action Program, on the basis of the People's Committee of Nghe An province having issued plans and documents directing relevant departments, branches, sectors and localities to specify the guiding viewpoints including 11 tasks and solutions for implementation such as: selecting and building a list of priority industrial sectors to develop by 2030; policies to support logistics services, support shipping lines transporting containers internationally and domestically; developing policies to support enterprises with export and import goods to transport goods by container to and from Cua Lo port; amending and supplementing investment support policies in the province for the period 2021 - 2025; allocating industrial development space; supplementing policies to support the development of raw material areas serving the agricultural, forestry, fishery and food processing industry; Supporting industry development program for the period 2019 - 2025.
In addition, the province has also issued mechanisms and policies to encourage organizations and individuals to build housing for workers working in economic zones and industrial parks; at the same time, it is completing procedures to submit to the Prime Minister for approval of the Adjustment Plan, expanding the Southeast Economic Zone from 80,000 hectares to 105,000 hectares, changing the name from Southeast Economic Zone to Nghe An Economic Zone. Based on the action program and plan of the Provincial People's Committee, departments, branches and districts, towns... have promptly issued implementation and concretization plans. Some localities such as Vinh City, Thai Hoa Town, Hoang Mai, Nam Dan have also proactively integrated the contents of industrial development investment policies into the implementation of specific mechanisms submitted to the Provincial People's Council for approval.
On the other hand, to implement the policy of encouraging the development of cooperation and association in the production and consumption of agricultural products, Nghe An has supported 29 projects/production association plans in 10 districts and towns, with a total support fund for the period 2018 - 2023 of more than 51 billion VND; at the same time, efforts have been made to complete the industrial infrastructure system, creating a clean space to attract domestic and foreign investors. During this period, through Resolutions, the province invited 3 major infrastructure investors, VSIP, WHA and Hoang Thinh Dat, to invest in the province's key industrial parks, VSIP, WHA, Hoang Mai I with a total area of 1,130.37 hectares. Currently, the investors have completed phase 1 and are continuing to invest in the construction of technical infrastructure of Tho Loc Industrial Park (Dien Chau), WHA Nghe An 2 (Nghi Hung) and completing investment procedures for Hoang Mai II Industrial Park.
The representative of the Department of Industry and Trade said: In the period of 2018 - 2023, the province will support over 57 billion VND in funding to support investment in completing the road system and centralized wastewater collection and treatment system at industrial clusters Nghia Long (Nghia Dan), Nghia My (Thai Hoa), Thap - Hong - Ky (Dien Chau), Truong Thach (Nghi Loc) ... thereby meeting the needs of small and medium enterprises to confidently rent land for production and business investment.
At the same time, the province continues to attract businesses to invest in logistics services and seaport infrastructure. Specifically, in addition to the ports of Cua Lo Port, Vissai International Port or DKC petroleum port that have been exploited; Nghe An is implementing the construction of Dong Hoi specialized port in Hoang Mai town to serve the transportation of goods and raw materials for thermal power and cement projects. Currently, the province is focusing its resources on investing in two key infrastructure items: the N5 connecting road phase 1 to Nghi Thiet Cua Lo deep-water port; upgrading Vinh International Airport; at the same time, continuing to invest in a number of infrastructure items such as drainage ditches for WHA Nghe An 1 Industrial Park; N2 railway overpass next to Tho Loc Industrial Park, construction of N2 road east of National Highway 1A connecting to the coastal road and Cua Hien - Bai Lu...
Changes and results create momentum
Thanks to the active and drastic direction of the Provincial Party Committee and the Provincial People's Committee, in which attention was paid to integrating the contents and tasks of Resolution No. 23-NQ/TW with the implementation of Notice No. 55-TB/TW of the Politburo and the Resolution of the 18th Provincial Party Congress for the 2015-2020 term, the Resolution of the 19th Provincial Party Congress for the 2020-2025 term, although there are still many difficulties and challenges, the industrial sector and investment attraction have had positive changes, contributing to economic growth.
Industrial production value (2010 comparable price) increased rapidly from VND 58,152 billion (2018) to approximately VND 82,000 billion (2022), expected to reach over VND 91,000 billion in 2023. The scale and proportion of added value of the industrial sector in the province's Gross Domestic Product (GRDP) increased from 16.26% (2018) to 19.0% (2022).
Nghe An has proactively coordinated, cooperated, and exchanged information and experiences with localities, especially with 6 provinces in the North Central region; coordinated with Ha Tinh and Thanh Hoa to submit to the Prime Minister for approval the adjustment of the construction planning of the South Thanh - North Nghe region until 2020 and vision after 2025...
The planning and construction of industrial infrastructure has been focused on investment, creating favorable conditions to attract industrial projects, such as: Investment in the construction of essential infrastructure works of the Southeast Economic Zone, infrastructure of VSIP, WHA, Hoang Mai I, Tho Loc, Nam Cam, Dong Hoi industrial parks; seaports and transportation continue to expand. 56 industrial clusters have been planned to develop with a total area of about 1,447.23 hectares, of which 24 industrial clusters have implemented investment and construction steps, basically meeting the land demand for small and medium-sized industrial production facilities.
Nghe An has also completed the construction of the Provincial Planning for approval by the Prime Minister, in which ecosystems are formed for each industry sector, forming value chains to reduce transportation costs and increase product competitiveness.
Accordingly, the industry focuses on rapid development in coastal areas, along National Highway 1A, the North-South Expressway, linked to the Southeast Economic Zone and the North Nghe An - South Thanh Hoa, South Nghe An - North Ha Tinh regions with increasingly complete technical infrastructure systems, the core of which is the industrial parks inside and outside the Southeast Economic Zone. Currently, the industrial parks in the area have been attracting investment in many high-tech projects in the fields of electronic component manufacturing, information technology, mechanical engineering, automobile manufacturing and assembly; new material production; supporting industries, etc.
The Western districts along Ho Chi Minh Road and the surrounding areas with the advantage of large land, abundant forest resources and local raw materials have planned to develop Nghia Dan Industrial Park, Tri Le Industrial Park (Anh Son), Thanh Huong (Thanh Chuong) to attract the development of a number of industries processing agricultural products, forestry products, biomass wood pellets, food processing associated with the development of raw material areas of trees and animals, forming a closed agricultural value chain. Livestock and milk processing models, fruit juice processing, forest product processing of TH Group and Vinamilk; agricultural raw materials such as fertilizers, animal feed...;
Mr. Nguyen Van Hai - Deputy Manager of the Southeast Economic Zone said: A good sign is that recently, along with attracting large-scale projects, satellite and supporting businesses have also been attracted. Typically, Juteng Group, Luxshare-ICT, Goertek, Evewin Precision and most recently Sunny Group, after investing, satellite businesses and partners also followed...
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