Nghe An attracts nearly 870 million USD in FDI capital

As of September 30, Nghe An has approved investment policies/investment registration certificates for 55 projects and adjusted 147 projects. The total newly granted and increased investment capital is 33,836 billion VND, of which FDI capital is 869.1 million USD.

According to the report of Nghe An Department of Finance, the growth rate of gross regional domestic product (GRDP) in the third quarter is estimated to increase by 8.62%. The total growth rate for the first 9 months of the year is estimated to reach 8.61% (ranked 11th out of 34 provinces and cities and ranked 2nd in the North Central sub-region), higher than the increase of 8.49% in the same period in 2024, approaching the 9-month growth scenario of 8.95%.

VSIP Vinh Industrial Park.

Notably, the industrial and construction sector continued to maintain high growth momentum, estimated at 13.73% in 9 months, with the industrial sector alone increasing by 15.15%. The service sector continued to maintain stability with a growth rate of 7.63%; total retail sales of goods and consumer service revenue were estimated at VND130,365.9 billion, up 15.07%. Export turnover of goods was estimated at USD3.268 billion, up 40% over the same period.

Budget revenue   In 9 months, 20,015 billion VND was implemented, reaching 113% of the estimate assigned by the Provincial People's Council, up 30% over the same period. Local budget expenditure was 35,052 billion VND, reaching 83.5% of the estimate.

As of September 30, the total public investment plan for 2025 had disbursed VND 4,624,269 billion, reaching 45.27% of the total plan and 50.99% of the plan assigned at the beginning of the year.

Regarding investment attraction, the province has approved investment policies/issued investment registration certificates for 55 projects and adjusted 147 projects. The total newly granted and increased investment capital is 33,836 billion VND, of which foreign direct investment (FDI) is 869.1 million USD.

Despite the context of the world situation continuing to fluctuate in a complex and unpredictable manner, accompanied by frequent natural disasters and floods, and having to carry out many key tasks and a large amount of work, thanks to the efforts of all levels, sectors, business communities and people in the province, the socio -economic situation in the province in the third quarter and in the first 9 months maintained growth momentum and achieved many positive results.

According to Chairman of Nghe An Provincial People's Committee Le Hong Vinh, although the province's socio-economic situation has many positive results, the growth rate has not reached the scenario. Although there is an expectation that there will be a breakthrough in the third quarter, during this time, storms and floods occur frequently, making it very difficult to achieve.

In addition, the disbursement of capital for construction is also difficult. In fact, many commune-level localities are confused about this issue, and the handover and receipt of documents and projects face many difficulties. The budget collection situation of commune-level localities often mainly relies on land use auction sources. However, the merger of administrative units, the issuance of new land price lists, and planning adjustments have also affected this source of revenue...

Nghe An Provincial Party Secretary Nguyen Duc Trung suggested that the whole province should focus on measures to achieve the highest growth targets and targets in 2025; especially in the production and business sectors that still have room. Continue to manage and operate the budget revenue and expenditure strictly and effectively; strive to achieve the budget revenue target of 26,000 billion VND; spend the budget economically and effectively, and prioritize resources for tasks to overcome the consequences of natural disasters.

Provincial Party Secretary Nguyen Duc Trung concluded at the meeting.

Mr. Nguyen Duc Trung noted: “It is necessary to take drastic measures in disbursing public investment; focus on removing difficulties in previous district-level projects that have now been transferred to new investors; organize and rearrange the Commune-level Project Management Board to carry out the immediate task of completing public investment disbursement in 2025 and in the longer term, to implement the task of disbursing medium-term public investment for the period 2026 - 2031; in allocating public investment capital, it must be in the spirit of "focus, key points and not spread out".

Source: https://baodautu.vn/nghe-an-thu-hut-gan-870-trieu-usd-von-fdi-d414219.html