With a population of over 3.4 million people, including more than 1.6 million in the working-age group, along with advantages in natural conditions, synchronized transportation, and modern industrial park infrastructure, Nghe An is a promising environment for investors.
Clip: Thanh CuongThe VSIP Nghe An Industrial - Urban and Service Park is located at the western gateway of Vinh City, just 5 km from Vinh Airport and about 4 km from the city center, surrounded by key roads like National Highway 1A, National Highway 46A, National Highway 46B, and Vinh - Cua Lo Boulevard. Photo: Thanh CuongAs of June 2024, the VSIP Nghe An Industrial Park has attracted 47 projects (including 27 FDI projects). Currently, 31 projects are operational, initially creating jobs for over 18,000 workers; 7 projects are under construction, and 9 projects are in the investment procedure stage. Photo: Thanh CuongInvestors from countries and regions such as Japan, South Korea, Singapore, China, Hong Kong, Taiwan, and Sweden have invested in the VSIP Industrial Park. Photo: Thanh CuongThe rental area of 242.81 hectares has a 97% occupancy rate. It is expected that when all factories in the VSIP Industrial Park are fully operational, approximately 70,000 jobs will be created. Photo: Thanh CuongDuring its development, VSIP has transformed from a traditional industrial park into a comprehensive Industrial - Urban - Service Complex with a synchronized master plan developed towards a clean and green future, following Singaporean standards in Vietnam. It integrates human, environmental, and industrial production elements, with a vision of greening and steadfast strategic planning for sustainable development for the entire community. Photo: Thanh DuyIn parallel, a complete, modern, and synchronized technical infrastructure is completed before customers commence operations (including roads, electricity supply, water supply and drainage, wastewater treatment, fire prevention, etc.), along with greenery that creates an environmentally friendly industrial park image. Photo: Thanh CuongWith a total area of 2,100 hectares upon completion, the WHA IZ 1 - Nghe An Industrial Park will be a large-scale industrial park with international standard infrastructure in North Central Vietnam, connecting manufacturing, processing, and distribution hubs serving domestic and international markets. Located in the Southeast Economic Zone with special preferential policies, WHA IZ 1 - Nghe An, Phase 1, covers 498 hectares with international standard infrastructure systems meeting the needs of industrial investors along with residential and commercial projects. Photo: Thanh CuongAfter six years of implementation, Phase 1 is now complete, and Phase 2, covering 354.5 hectares, is under construction. Photo: Thanh CuongAt the WHA Industrial Zone 1 - Nghe An, 32 investment projects have been attracted with a total registered investment capital of 41,361 billion VND, equivalent to 1.65 billion USD. Photo: Thanh CuongLocated in the northern part of Nghe An province is the Hoang Mai I Industrial Park project, which was approved by the Prime Minister for planning in the Nam Thanh - Bac Nghe region. The total area of the Hoang Mai I Industrial Park is 264.77 hectares, with 180.95 hectares allocated for industrial construction, accounting for 68.34%. Photo: Thanh CuongWith natural, social, transportation, and infrastructure advantages developed synchronously, Nghe An’s investment environment is positively improving to meet investors’ needs. The Hoang Mai Industrial Park is ready to welcome the wave of FDI capital shifts, aiming for prosperous and beautiful homeland development. Photo: Thanh CuongHoang Mai I Industrial Park has an 82% occupancy rate, with notable projects including Juteng Group (120 hectares, total investment of 200 million USD), Hoa Loi (13.9 hectares, total investment of 56 million USD), and Runergy (30 hectares, total investment of 440 million USD). It can be said that Hoang Mai I Industrial Park, in particular, and Hoang Mai Town, in general, have gradually emerged on the investment attraction map for foreign investors when exploring and selecting project investment locations in Nghe An and Vietnam. Photo: Thanh CuongThe Tho Loc Industrial Park infrastructure investment and business project, Phase 1, is invested by VSIP Nghe An Co., Ltd and approved by the Prime Minister in February 2023. The project covers an area of 500 hectares, with Phase 1 spanning 300.2 hectares and Phase 2 covering 199.8 hectares, with a total investment of over 3,826 billion VND. Photo: Thanh CuongAccording to VSIP Nghe An Co., Ltd's report, there are currently about 10 secondary investors with a land demand of about 150-200 hectares, who are exploring and planning to invest in the Tho Loc Industrial Park (Phase 1). Among them, four investors have signed investment memorandums covering over 120 hectares, with a total projected investment of approximately 1 billion USD, creating jobs for about 50,000 local workers. By the end of 2025, the occupancy rate of Tho Loc Industrial Park is expected to reach about 150 hectares out of 415.78 hectares of industrial land, and by the end of 2026, the project is expected to be fully occupied. Photo: Thanh Cuong
