According to the People’s Committee of Nghe An province, the provincial planning is determined to focus and maximize resources to carry out key tasks (developing 2 growth-stimulating areas, implementing 3 strategic breakthroughs, forming 4 economic corridors, promoting 5 key sectors, building 6 urban centers).
In that plan, the core is the local growth engine area (Vinh City and the expanded Southeast Economic Zone). To realize this goal, Nghe An province is striving to complete synchronously institutions and policies; strongly improve the investment and business environment with outstanding competitiveness in association with the promotion of administrative reform. Nghe An province now has 11 industrial parks (5 in Southeast Economic Zone with a planned area of 4,650.2 ha, 6 outside of with a planned area of 1,660 ha).
Currently, 5 out of 11 industrial parks have been invested with synchronous and modern infrastructure such as VSIP, WHA, Hoang Mai I Industrial Parks. The average occupancy rate of these established industrial parks is 55.65%. Besides, the province has planned to develop 53 industrial clusters, 24 of which have attracted businesses into production with an average occupancy rate of 81%.
According to the draft provincial planning period 2021-2030, with a vision to 2050, Nghe An is expected to expand the Southeast Economic Zone from the current area of 20,776.47 hectares to a total area of 105,585 hectares. By 2030, it plans to develop 23 industrial parks (including 15 industrial parks in the expanded Southeast economic zone and 8 industrial parks outside the economic zone) with a total planned area of 8,036 ha. The vision to 2050 is to plan a total of 36 industrial parks (including 23 industrial parks located in the expanded Southeast economic zone, 1 industrial park in Thanh Thuy border gate economic zone and 13 industrial parks outside the economic zones) with a total planning area of 21,136 ha.
Nghe An province also issued Decision No. 235/QD-UBND dated January 24, 2022 on approving the Project to improve the investment and business environment, and improve the efficiency of investment attraction in Nghe An province for the period 2021-2025. In this project, Nghe An will focus on attracting industrial production projects to the Southeast Economic Zone, industrial parks and industrial clusters in the province. Nghe An strives to fill the occupancy in well-built industrial parks: VSIP, WHA phase I, and Hoang Mai 1 by 2025.
In parallel with that, Nghe An will complete infrastructure and attract investment in industrial parks: Hoang Mai 2, Tho Loc, WHA phase II, and increase the occupancy rate of in-operation industrial clusters to 100%, and of under-construction ones to 60%.
The province has reviewed and updated information to integrate economic development resources into the provincial planning. Currently, the provincial planning is under construction, and is expected to be completed and submitted to the Prime Minister for approval in 2022.
Thanks to that strategy, the province has been attracting many foreign enterprises such as Goertek Group, Ju Teng Group… and industrial park infrastructure investors such as VSIP, WHA…
For instance, Goertek Group is one of the largest FDI investors in Nghe An with a total capital of up to 500 million USD. They chose to invest in Nghe An as with the initial project of USD 100 million, and after one year, has raised the capital flow to USD 500 million. The Group is implementing the first phase of a factory project to manufacture electronic products, network equipment and multimedia audio products at WHA Industrial Zone 1 – Nghe An in Nghi Loc district, a part of the Southeast Economic Zone. The factory is expected to be put into operation by the end of 2022 or in early 2023.
Mr. Yoshinaga Kazuyoshi, General Director of Goertek Vina Company was amazed with the procedure progress: “At first, we did not believe that in just 10-15 days we could complete the procedures for very large projects to officially invest in Nghe An,”. He also shared that in the next 5 years, Goertek Group decided to choose Vietnam to “pour” investment capital into to found the largest production “base” in foreign countries. The above plan of Goertek Vina, when fully completed and put into production, will create jobs for about 30,000 workers.
